14:38:49 EDT Sat 04 May 2024
Enter Symbol
or Name
USA
CA



Boyd Group Services Inc
Symbol BYD
Shares Issued 21,472,192
Close 2024-04-23 C$ 267.08
Market Cap C$ 5,734,793,039
Recent Sedar Documents

Globe says Murray keeps Boyd Group at "outperform"

2024-04-24 08:12 ET - In the News

The Globe and Mail reports in its Wednesday, April 24, edition that ATB Capital Markets analyst Chris Murray has reaffirmed his "outperform" recommendation for Boyd Group Services. The Globe's David Leeder writes in the Eye On Equities column that Mr. Murray trimmed his share target to $345 from $350. Analysts on average target the shares at $323.21. Mr. Murray says in a note: "We recently had a discussion with Boyd management to review expectations for Q1/24 reporting and the company's outlook in light of the recent announcement that TPG Capital, was acquiring Classic Collision, an operator of 262 repair locations across 16 states, which is one of the larger MSO transactions we have seen in some time. As part of the discussion, we also reviewed guidance provided with the Q4/23 call late in March and management's thoughts on the early part of April and whether the trends were extending into Q2/24. While near-term margins may see some pressure, we think the long-term outlook for the company is intact and see the risk-reward setup as interesting." The Globe reported on March 13 that Mr. Murray kept his "outperform" call for Boyd Group intact. The shares could then be had for $312.41.

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