Boyd Group Services Inc. (BGSI) – What Are Analysts Saying About This Stock?

Shares of Boyd Group Services Inc. (NYSE:BGSI) have earned an average recommendation of “Moderate Buy” from the five brokerages that are currently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell rating, one has given a hold rating, two have given a buy rating and one has issued a strong buy rating on the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $138.50.

A number of equities analysts have recently weighed in on the company. Mizuho initiated coverage on Boyd Group Services in a research report on Friday, September 18th. They set an “outperform” rating and a $120.00 target price on the stock. Weiss Ratings upgraded shares of Boyd Group Services from a “sell (d)” rating to a “sell (d+)” rating in a research note on Thursday, October 29th. Finally, Zacks Research raised shares of Boyd Group Services from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 28th.

Boyd Group Services Trading Down 12.8%

NYSE:BGSI opened at $77.14 on Friday. The company has a current ratio of 0.60, a quick ratio of 0.46 and a debt-to-equity ratio of 0.58. The stock has a market capitalization of $2.14 billion, a price-to-earnings ratio of 167.69 and a beta of 0.68. The firm has a fifty day simple moving average of $82.69 and a two-hundred day simple moving average of $112.09. Boyd Group Services has a 12 month low of $75.42 and a 12 month high of $183.10.

Boyd Group Services (NYSE:BGSI) last issued its earnings results on Wednesday, November 11th. The company reported $0.68 EPS for the quarter, missing the consensus estimate of $0.92 by ($0.24). Boyd Group Services had a net margin of 0.25% and a return on equity of 5.21%. Analysts expect that Boyd Group Services will post 3.38 EPS for the current fiscal year.

Boyd Group Services Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 28th. Shareholders of record on Wednesday, September 30th were paid a dividend of C$0.16 per share. The ex-dividend date was Wednesday, September 30th. This represents a $0.62 annualized dividend and a yield of 0.8%. Boyd Group Services’s dividend payout ratio (DPR) is 93.48%.

Institutional Trading of Boyd Group Services

Several institutional investors and hedge funds have recently made changes to their positions in the company. BCV Asset Management Inc. bought a new position in shares of Boyd Group Services during the 3rd quarter worth approximately $39,970,000. Caisse de depot et placement du Quebec purchased a new stake in shares of Boyd Group Services during the 2nd quarter valued at $38,300,000. Jupiter Topco LLC purchased a new stake in shares of Boyd Group Services during the 2nd quarter valued at $15,591,000. The Manufacturers Life Insurance Company bought a new stake in shares of Boyd Group Services during the 2nd quarter worth $14,334,000. Finally, Pillsbury Lake Capital LLC bought a new position in Boyd Group Services during the second quarter valued at about $10,492,841. Hedge funds and other institutional investors own 0.17% of the company’s stock.

Boyd Group Services Company Profile

Boyd Group Services Inc. operates collision repair and automotive glass businesses in the United States and Canada. Its services include vehicle collision repairs, paint and refinishing, auto glass repair and replacement, and related services. The company serves customers through brands including Gerber Collision & Glass in the United States and Boyd Autobody & Glass in Canada. Its repair centers work with vehicle owners, insurers and fleet operators. Boyd Group traces its roots to an auto body repair business established in Winnipeg, Manitoba, in 1990.