Boyd Group Services Inc. (BGSI) – What Are Investment Firms Thinking About This Stock?

Boyd Group Services Inc. (NYSE:BGSI) has been given a consensus recommendation of “Moderate Buy” by the five analysts that are covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $138.50.

Several equities analysts have issued reports on the company. Weiss Ratings lowered Boyd Group Services from a “sell (d+)” rating to a “sell (d)” rating in a research note on Friday, October 9th. Zacks Research upgraded shares of Boyd Group Services from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 28th. Finally, Mizuho assumed coverage on shares of Boyd Group Services in a research report on Friday, September 18th. They set an “outperform” rating and a $120.00 price target for the company.

Boyd Group Services Trading Down 0.3%

Shares of NYSE:BGSI opened at $81.43 on Tuesday. Boyd Group Services has a 12-month low of $75.42 and a 12-month high of $183.10. The business’s fifty day simple moving average is $85.19 and its 200-day simple moving average is $99.60. The company has a market capitalization of $2.27 billion, a PE ratio of 177.03 and a beta of 0.72. The company has a current ratio of 0.60, a quick ratio of 0.46 and a debt-to-equity ratio of 0.58.

Boyd Group Services (NYSE:BGSI) last issued its quarterly earnings data on Wednesday, August 12th. The company reported $0.80 earnings per share for the quarter, missing analysts’ consensus estimates of $0.94 by ($0.14). The company had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $1.02 billion. Boyd Group Services had a return on equity of 5.21% and a net margin of 0.25%. As a group, equities research analysts predict that Boyd Group Services will post 3.43 earnings per share for the current fiscal year.

Boyd Group Services Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 28th. Stockholders of record on Wednesday, September 30th will be issued a C$0.16 dividend. This represents a $0.62 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date is Wednesday, September 30th. Boyd Group Services’s dividend payout ratio (DPR) is currently 95.65%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Caisse de depot et placement du Quebec purchased a new stake in Boyd Group Services during the second quarter valued at approximately $38,300,000. Montrusco Bolton Investments Inc. acquired a new stake in Boyd Group Services in the first quarter valued at approximately $35,658,000. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in Boyd Group Services in the fourth quarter valued at approximately $31,860,000. Jupiter Topco LLC purchased a new position in Boyd Group Services in the second quarter worth $15,591,000. Finally, The Manufacturers Life Insurance Company purchased a new position in Boyd Group Services in the second quarter worth $14,334,000. Hedge funds and other institutional investors own 0.17% of the company’s stock.

About Boyd Group Services

Boyd Group Services Inc is an operator of non-franchised collision repair centers and related automotive service facilities in North America. The company provides vehicle collision repair, refinishing, glass replacement, and related services for passenger vehicles, insurers, fleet operators, and individual customers.

In the United States, the company operates primarily under the Gerber Collision & Glass name. In Canada, its operations include Boyd Autobody & Glass locations. Its network serves customers across multiple regions in the United States and Canada, with facilities positioned to support insurance-related repair programs and direct consumer business.

Boyd Group traces its origins to a Winnipeg, Manitoba-based automotive repair business established in 1990 and has expanded through the development and acquisition of repair centers.