TD Securities Cuts Boyd Group (TSE:BYD) Services Price Target to C$200.00


Boyd Group Services (TSE: BYD – Get an Assessment) had its price target lowered by TD Securities equity researchers from C$220.00 to C$200.00 in a research report released Thursday to clients and investors, BayStreet.CA reports. The company currently has a “buy” rating on the stock. TD Securities’ price target would indicate a potential upside of 43.24% from the current stock price.

A number of other brokerages have also recently released reports on BYD. Cormark lowered its price target on shares of Boyd Group Services from C$235.00 to C$180.00 and set a “buy” rating for the company in a Thursday, March 24 report. National Bankshares upgraded shares of Boyd Group Services from an ‘sector performance’ rating to an ‘outperform’ rating and lowered its price target for the stock from C$200.00 to C$170.00 in a report released Thursday. BMO Capital Markets raised its price target on shares of Boyd Group Services from C$185.00 to C$188.00 in a Thursday, March 24 report. Raymond James lowered his price target on shares of Boyd Group Services from C$255.00 to C$235.00 and set a “strong buy” rating for the company in a Tuesday, March 22 report. Finally, Stifel Nicolaus lowered his price target on shares of Boyd Group Services from C$185.00 to C$150.00 in a report on Thursday. Three analysts gave the stock a hold rating, eight gave the stock a buy rating and one gave the stock a strong buy rating. According to MarketBeat.com, the stock currently has a consensus buy quote and a consensus price target of C$202.36.

Shares of Boyd Group Services opened at C$139.63 on Thursday. The company’s 50-day simple moving average is C$158.77 and its 200-day simple moving average is C$182.03. The company has a quick ratio of 0.38, a current ratio of 0.64 and a debt ratio of 135.65. Boyd Group Services has a 12-month low of C$129.79 and a 12-month high of C$267.00. The stock has a market capitalization of C$3.00 billion and a P/E ratio of 97.99.

Boyd Group Services (TSE:BYD – Get Rating) last released its quarterly results on Wednesday, March 23. The company reported EPS of C$0.35 for the quarter, beating the consensus estimate of C$0.10 by C$0.25. The company posted revenue of C$650.80 million for the quarter, compared to analysts’ expectations of C$636.26 million. On average, equity research analysts expect Boyd Group Services to post earnings per share of 5.0700001 for the current fiscal year.

About Boyd Group Services (Get an evaluation)

Boyd Group Services Inc, together with its subsidiaries, operates non-franchised collision repair centers in North America. The company operates its locations as Boyd Autobody & Glass and Assured Automotive in Canada; and the Gerber Collision & Glass name in the United States. It also operates as an automotive glass retail operator under the names Gerber Collision & Glass, Glass America, Auto Glass Service, Auto Glass Authority and Autoglassonly.com in the United States.

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Eleanor C. William