Boyd Group Income Fund (TSE:BYD) had its target price increased by National Bank Financial from C$205.00 to C$240.00 in a report released on Tuesday morning, BayStreet.CA reports. National Bank Financial currently has an outperform rating on the stock. National Bank Financial also issued estimates for Boyd Group Income Fund’s Q4 2019 earnings at $1.21 EPS, FY2019 earnings at $5.01 EPS, FY2020 earnings at $5.58 EPS and FY2021 earnings at $6.76 EPS.
A number of other research firms also recently commented on BYD. TD Securities downgraded Boyd Group Income Fund from a buy rating to a hold rating and upped their price objective for the company from C$215.00 to C$225.00 in a report on Wednesday, January 8th. AltaCorp Capital lowered Boyd Group Income Fund from an outperform rating to a sector perform rating in a research note on Wednesday, November 13th. Cormark raised their target price on Boyd Group Income Fund from C$200.00 to C$215.00 in a report on Wednesday, January 15th. Finally, Raymond James set a C$215.00 target price on Boyd Group Income Fund and gave the stock an outperform rating in a research report on Wednesday, January 15th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock currently has a consensus rating of Buy and a consensus target price of C$223.75.
BYD opened at C$216.46 on Tuesday. The firm has a market cap of $4.47 billion and a price-to-earnings ratio of 57.11. Boyd Group Income Fund has a 52 week low of C$201.63 and a 52 week high of C$229.20. The company has a debt-to-equity ratio of 160.65, a current ratio of 0.60 and a quick ratio of 0.42.
Boyd Group Income Fund (TSE:BYD) last posted its quarterly earnings results on Wednesday, November 13th. The company reported C$1.10 earnings per share for the quarter, missing the Zacks’ consensus estimate of C$1.21 by C($0.11). The firm had revenue of C$566.96 million during the quarter, compared to the consensus estimate of C$562.93 million. Equities analysts expect that Boyd Group Income Fund will post 4.5200001 EPS for the current year.
The company also recently announced a monthly dividend, which will be paid on Wednesday, January 29th. Shareholders of record on Tuesday, December 31st will be paid a $0.046 dividend. This represents a $0.55 annualized dividend and a yield of 0.26%. The ex-dividend date of this dividend is Monday, December 30th. This is an increase from Boyd Group Income Fund’s previous monthly dividend of $0.05. Boyd Group Income Fund’s dividend payout ratio is presently 14.22%.
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