Monday’s TSX breakouts: This dividend-paying industry leader has soared during this quarter

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A look at the second-best performing stock in the S&P/TSX Industrials index

On today’s TSX Breakouts report, there are just six stocks on the positive breakouts list , and 47 stocks are on the negative breakouts list .

Consequently, BGSI benefits from a higher U.S. dollar. Furthermore, over 90 per cent of its revenue is generated through insurance carriers such as State Farm Insurance, Allstate, and Geico.A leading North American operator of collision repair shops in terms of sales and number of locations. The company has roughly 860 collision shops across 31 US states and five Canadian provinces. Boyd is also a leading US retail auto glass operator.Acquisition growth is one of management’s key objectives.

Boyd will be reporting its third-quarter financial results before the market opens on Nov. 9. That day, management will host an earnings call at 10 a.m. ET. The consensus revenue, EBITDA and earnings per share estimates are US$584-million, US$71.8-million and 67 US cents, respectively.Boyd pays its shareholders a quarterly dividend of 14.4 cents per share or 57.6 cents per share yearly, equating to a current annualized yield of 0.3 per cent.

Cormark’s Jeff Fenwick downgraded the stock to a “market perform” recommendation from a “buy” but increased his target price to $200 from $168. The average one-year target price is $213.83, suggesting the share price may increase 13 per cent over the next 12 months.Quarter-to-date, there have been a few relatively small transactions in the public market reported by insiders.

 

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