Boyd Group Services (NYSE:BGSI) Downgraded by Canadian Imperial Bank of Commerce to Hold

Canadian Imperial Bank of Commerce cut shares of Boyd Group Services (NYSE:BGSI) from a strong-buy rating to a hold rating in a research note issued to investors on Thursday,Zacks reports.

Several other equities research analysts have also weighed in on BGSI. Zacks Research raised Boyd Group Services from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 28th. Mizuho reduced their price target on shares of Boyd Group Services from $120.00 to $115.00 and set an “outperform” rating for the company in a report on Thursday. Finally, Weiss Ratings raised shares of Boyd Group Services from a “sell (d)” rating to a “sell (d+)” rating in a report on Thursday, October 29th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Boyd Group Services has a consensus rating of “Moderate Buy” and a consensus target price of $136.00.

Boyd Group Services Stock Down 3.3%

Shares of Boyd Group Services stock opened at $74.62 on Thursday. 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 business’s 50 day simple moving average is $82.48 and its 200-day simple moving average is $111.63. The stock has a market capitalization of $2.07 billion, a price-to-earnings ratio of -1,864.96 and a beta of 0.68. Boyd Group Services has a twelve month low of $74.13 and a twelve month high of $183.10.

Boyd Group Services (NYSE:BGSI) last announced its quarterly earnings results on Wednesday, November 11th. The company reported $0.68 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.92 by ($0.24). Boyd Group Services had a positive return on equity of 4.66% and a negative net margin of 0.05%. The company had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $1.02 billion. Equities research analysts forecast that Boyd Group Services will post 3.38 earnings per share for the current year.

Boyd Group Services Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 28th. Shareholders of record on Wednesday, September 30th were given a C$0.16 dividend. 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 is 95.65%.

Institutional Investors Weigh In On Boyd Group Services

Several large investors have recently made changes to their positions in BGSI. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its holdings in shares of Boyd Group Services by 14.5% during the third quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 39,270 shares of the company’s stock valued at $3,082,000 after purchasing an additional 4,977 shares during the period. BCV Asset Management Inc. bought a new stake in shares of Boyd Group Services during the third quarter valued at about $39,970,000. CenterBook Partners LP raised its stake in shares of Boyd Group Services by 360.7% during the third quarter. CenterBook Partners LP now owns 29,635 shares of the company’s stock valued at $2,324,000 after purchasing an additional 23,203 shares in the last quarter. State of Wyoming acquired a new stake in Boyd Group Services in the third quarter worth about $65,000. Finally, MORGUARD LINCLUDEN GLOBAL INVESTMENTS Ltd lifted its holdings in Boyd Group Services by 1.3% in the third quarter. MORGUARD LINCLUDEN GLOBAL INVESTMENTS Ltd now owns 41,838 shares of the company’s stock worth $3,281,000 after purchasing an additional 528 shares during the period. Institutional investors and hedge funds own 0.17% of the company’s stock.

Latest Boyd Group Services News

These are some of the BGSI news items that stood out recently:

• Positive Sentiment: Third-quarter revenue rose 28.2% to $1.013 billion and adjusted EBITDA increased 34.3% to $132.1 million, expanding the adjusted EBITDA margin to 13.0%. New locations contributed $206 million in revenue, while same-store sales grew 2.2%. Boyd Group Services Inc. Reports Third Quarter 2026 Results
• Neutral Sentiment: Mizuho cut its price target to $115 from $120 but retained an “outperform” rating, signaling continued optimism alongside a more cautious valuation view. Mizuho stock recommendations
• Negative Sentiment: Adjusted EPS was $0.68, below the $0.92 consensus, while revenue of $1.013 billion also narrowly missed estimates of about $1.02 billion. The earnings shortfall appears to be the main catalyst for the post-results selloff. Boyd Group misses Q3 earnings and revenue estimates

About Boyd Group Services

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.