Mizuho Begins Coverage on Boyd Group Services (NYSE:BGSI)

Analysts at Mizuho started coverage on shares of Boyd Group Services (NYSE:BGSI) in a report released on Friday, Marketbeat Ratings reports. The firm set an “outperform” rating and a $120.00 price target on the stock. Mizuho’s target price suggests a potential upside of 47.90% from the company’s current price.

Other research analysts also recently issued reports about the company. Weiss Ratings reiterated a “sell (d)” rating on shares of Boyd Group Services in a report on Wednesday, June 24th. Zacks Research upgraded Boyd Group Services from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 28th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $138.50.

Boyd Group Services Price Performance

Shares of NYSE BGSI opened at $81.14 on Friday. The firm has a market cap of $2.26 billion, a PE ratio of 176.38 and a beta of 0.70. 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 has a 1-year low of $80.74 and a 1-year high of $183.10. The company has a fifty day moving average price of $95.30 and a 200 day moving average price of $110.16.

Boyd Group Services (NYSE:BGSI) last released its quarterly earnings results on Wednesday, August 12th. The company reported $0.80 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.94 by ($0.14). The firm had revenue of $1.01 billion during the quarter, compared to analyst estimates of $1.02 billion. Boyd Group Services had a net margin of 0.25% and a return on equity of 5.21%. Research analysts predict that Boyd Group Services will post 3.43 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Boyd Group Services

Several hedge funds have recently added to or reduced their stakes in the business. Cibc World Market Inc. acquired a new stake in Boyd Group Services during the 2nd quarter worth approximately $5,222,000. NewGen Asset Management Ltd grew its holdings in Boyd Group Services by 155.7% in the 1st quarter. NewGen Asset Management Ltd now owns 69,800 shares of the company’s stock valued at $8,895,000 after buying an additional 42,500 shares in the last quarter. Pillsbury Lake Capital LLC bought a new position in Boyd Group Services during the 2nd quarter worth $10,492,841. Anson Funds Management LP acquired a new stake in shares of Boyd Group Services during the first quarter worth $2,552,000. Finally, Man Group plc acquired a new stake in shares of Boyd Group Services during the second quarter worth $1,202,000. Institutional investors and hedge funds own 0.17% of the company’s stock.

About Boyd Group Services

Boyd Group Services Inc is one of North America’s largest operators of non-franchised collision repair centers. The company provides vehicle repair services following accidents, including body repair, painting, dent removal, frame and structural repair, and related services. It also offers automotive glass repair and replacement in selected markets.

Boyd Group operates primarily in the United States and Canada through the Gerber Collision & Glass brand and other locations. Its facilities serve vehicle owners, insurance companies, fleet operators and other commercial customers.