Cormark Cuts Boyd Group Income Fund (TSE:BYD) Price Target to C$190.00

Boyd Group Income Fund (TSE:BYD) had its target price decreased by Cormark from C$235.00 to C$190.00 in a research report sent to investors on Monday, BayStreet.CA reports. Cormark also issued estimates for Boyd Group Income Fund’s Q1 2020 earnings at $1.29 EPS, Q4 2020 earnings at $1.58 EPS, Q1 2021 earnings at $1.76 EPS, Q3 2021 earnings at $1.78 EPS and Q4 2021 earnings at $1.94 EPS.

Other research analysts have also recently issued research reports about the stock. BMO Capital Markets reduced their target price on shares of Boyd Group Income Fund from C$245.00 to C$184.00 in a report on Thursday, March 19th. TD Securities reduced their target price on shares of Boyd Group Income Fund from C$225.00 to C$190.00 and set a hold rating for the company in a report on Thursday, March 19th. National Bank Financial reduced their target price on shares of Boyd Group Income Fund from C$240.00 to C$200.00 and set an outperform rating for the company in a report on Thursday, March 19th. Raymond James raised shares of Boyd Group Income Fund from an outperform rating to a strong-buy rating and reduced their target price for the stock from C$250.00 to C$230.00 in a report on Thursday, March 19th. Finally, AltaCorp Capital raised shares of Boyd Group Income Fund from a sector perform rating to an outperform rating and raised their target price for the stock from C$200.00 to C$205.00 in a report on Thursday, March 19th. One research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. Boyd Group Income Fund presently has an average rating of Buy and an average price target of C$196.43.

Shares of Boyd Group Income Fund stock opened at C$158.74 on Monday. The company has a current ratio of 0.60, a quick ratio of 0.42 and a debt-to-equity ratio of 160.65. The business’s fifty day simple moving average is C$202.11. Boyd Group Income Fund has a 1 year low of C$125.01 and a 1 year high of C$231.52. The stock has a market capitalization of $3.48 billion and a PE ratio of 41.88.

Boyd Group Income Fund (TSE:BYD) last issued its earnings results on Wednesday, March 18th. The company reported C$1.25 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of C$1.20 by C$0.05. The business had revenue of C$585.97 million for the quarter, compared to analysts’ expectations of C$576.22 million. On average, analysts predict that Boyd Group Income Fund will post 5.9399998 earnings per share for the current fiscal year.

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Analyst Recommendations for Boyd Group Income Fund (TSE:BYD)

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