Boyd Group Services Inc. (TSE:BYD – Get Rating) – Equities researchers at National Bank Financial increased their Q4 2022 earnings estimates for Boyd Group Services in a research report issued to clients and investors on Tuesday, September 27th. National Bank Financial analyst Z. Evershed now expects that the company will post earnings per share of $1.13 for the quarter, up from their previous estimate of $1.10. National Bank Financial currently has a “Sector Perform Under Weight” rating on the stock. The consensus estimate for Boyd Group Services’ current full-year earnings is $6.12 per share.
Several other equities analysts have also recently commented on BYD. National Bankshares cut shares of Boyd Group Services from an “outperform” rating to a “sector perform” rating and increased their price target for the stock from C$170.00 to C$205.00 in a research report on Thursday, August 11th. Jefferies Financial Group increased their price target on shares of Boyd Group Services from C$180.00 to C$221.00 in a research report on Thursday, August 11th. Raymond James raised their target price on shares of Boyd Group Services from C$195.00 to C$225.00 and gave the stock a “strong-buy” rating in a report on Thursday, August 11th. Royal Bank of Canada raised their target price on shares of Boyd Group Services from C$195.00 to C$220.00 and gave the stock an “outperform” rating in a report on Thursday, August 11th. Finally, Cormark raised their target price on shares of Boyd Group Services from C$168.00 to C$200.00 in a report on Thursday, August 11th. Four investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Boyd Group Services currently has an average rating of “Moderate Buy” and a consensus target price of C$217.86.
Boyd Group Services Stock Performance
Shares of BYD stock opened at C$174.85 on Friday. The company has a debt-to-equity ratio of 136.58, a quick ratio of 0.40 and a current ratio of 0.67. Boyd Group Services has a one year low of C$117.48 and a one year high of C$267.00. The company’s 50-day simple moving average is C$177.47 and its 200-day simple moving average is C$159.01. The stock has a market capitalization of C$3.75 billion and a price-to-earnings ratio of 137.68.
Boyd Group Services Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 27th. Stockholders of record on Friday, September 30th will be issued a dividend of $0.144 per share. The ex-dividend date is Wednesday, September 28th. This represents a $0.58 dividend on an annualized basis and a dividend yield of 0.33%. Boyd Group Services’s dividend payout ratio (DPR) is presently 35.48%.
About Boyd Group Services
Boyd Group Services Inc, together with its subsidiaries, operates non-franchised collision repair centers in North America. The company operates its locations under the Boyd Autobody & Glass and Assured Automotive names in Canada; and Gerber Collision & Glass name in the United States. It also operates as a retail auto glass operator under the Gerber Collision & Glass, Glass America, Auto Glass Service, Auto Glass Authority, and Autoglassonly.com names in the United States.
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