Boyd Group Services (NYSE:BGSI) Cut to “Hold” at Canadian Imperial Bank of Commerce

Boyd Group Services (NYSE:BGSI) was downgraded by equities researchers at Canadian Imperial Bank of Commerce from a “strong-buy” rating to a “hold” rating in a research note issued to investors on Thursday, Zacks reports.

BGSI has been the topic of a number of other reports. 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. 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. Finally, Mizuho decreased their target price on shares of Boyd Group Services from $120.00 to $115.00 and set an “outperform” rating on the stock in a research report on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Boyd Group Services has a consensus rating of “Moderate Buy” and an average price target of $136.00.

Boyd Group Services Stock Performance

Shares of NYSE BGSI opened at $74.62 on Thursday. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.60 and a quick ratio of 0.46. The stock’s fifty day moving average price is $82.48 and its two-hundred day moving average price is $111.63. Boyd Group Services has a one year low of $74.13 and a one year high of $183.10. The firm has a market cap of $2.07 billion, a price-to-earnings ratio of 26.07 and a beta of 0.68.

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

Institutional Trading of Boyd Group Services

Several large investors have recently modified their holdings of BGSI. BCV Asset Management Inc. acquired a new position in Boyd Group Services in the third quarter valued at about $39,970,000. Principal Financial Group Inc. grew its stake in Boyd Group Services by 5.7% during the first quarter. Principal Financial Group Inc. now owns 413,018 shares of the company’s stock worth $52,654,000 after buying an additional 22,448 shares in the last quarter. Caisse de depot et placement du Quebec bought a new position in Boyd Group Services in the 2nd quarter valued at about $38,300,000. Jupiter Topco LLC bought a new position in Boyd Group Services in the 2nd quarter valued at about $15,591,000. Finally, The Manufacturers Life Insurance Company acquired a new position in shares of Boyd Group Services in the 2nd quarter valued at approximately $14,334,000. 0.17% of the stock is owned by institutional investors and hedge funds.

Latest Boyd Group Services News

Investors following BGSI have been watching these news items:

• 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
• Positive Sentiment: Management reported $50 million in Project 360 savings and acquisition synergies year-to-date, targeting $105 million in savings by the end of 2026 and pursuing another $35 million over 2027–2029. Boyd targets Project 360 savings
• Negative Sentiment: A separate technical analysis cited a “strong sell” signal, adding to near-term bearish sentiment. Analyst updates meet strong sell technical signal

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.