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

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

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

Hedge Funds Weigh In On Boyd Group Services

Hedge funds have recently bought and sold shares of the business. Assetmark Inc. increased its holdings in shares of Boyd Group Services by 23.5% during the 1st quarter. Assetmark Inc. now owns 457 shares of the company’s stock valued at $58,000 after acquiring an additional 87 shares during the last quarter. Public Employees Retirement System of Ohio lifted its holdings in Boyd Group Services by 2.1% in the 1st quarter. Public Employees Retirement System of Ohio now owns 7,666 shares of the company’s stock worth $975,000 after purchasing an additional 158 shares during the last quarter. Pictet Asset Management Holding SA lifted its holdings in Boyd Group Services by 11.8% in the 1st quarter. Pictet Asset Management Holding SA now owns 5,425 shares of the company’s stock worth $690,000 after purchasing an additional 571 shares during the last quarter. Value Partners Investments Inc. lifted its holdings in Boyd Group Services by 7.4% in the 1st quarter. Value Partners Investments Inc. now owns 9,905 shares of the company’s stock worth $1,262,000 after purchasing an additional 686 shares during the last quarter. Finally, Addenda Capital Inc. boosted its position in Boyd Group Services by 1.4% during the second quarter. Addenda Capital Inc. now owns 67,378 shares of the company’s stock worth $6,375,000 after purchasing an additional 961 shares during the period. 0.17% of the stock is owned by institutional investors and hedge funds.

Boyd Group Services Stock Down 2.1%

BGSI opened at $79.82 on Tuesday. The company has a market capitalization of $2.22 billion, a PE ratio of 28.10 and a beta of 0.72. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.60 and a quick ratio of 0.46. Boyd Group Services has a fifty-two week low of $75.42 and a fifty-two week high of $183.10. The business has a 50-day moving average of $84.76 and a 200-day moving average of $99.08.

Boyd Group Services (NYSE:BGSI) last announced its quarterly earnings results on Wednesday, August 12th. The company reported $0.80 EPS for the quarter, missing the consensus estimate of $0.94 by ($0.14). Boyd Group Services had a net margin of 0.25% and a return on equity of 5.21%. The firm 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 3.43 EPS for the current fiscal year.

Boyd Group Services Announces Dividend

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

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.