Boyd Group Services (NYSE:BGSI) Coverage Initiated by Analysts at Mizuho

Key Points

• Mizuho initiated coverage of Boyd Group Services with an “outperform” rating and a $120 price target, implying approximately 47.9% upside from the prior close.
• Analyst sentiment is generally positive, with the stock carrying a “Moderate Buy” consensus rating and an average target price of $138.50, despite ratings ranging from Strong Buy to Sell.
• Boyd Group’s latest quarterly results fell short of expectations: EPS was $0.80 versus a $0.94 consensus estimate, while revenue reached $1.01 billion against expectations of $1.02 billion.

Investment analysts at Mizuho began coverage on shares of Boyd Group Services (NYSE:BGSI - Get Free Report) in a research note issued to investors on Friday, MarketBeat.com reports. The firm set an "outperform" rating and a $120.00 price target on the stock. Mizuho's target price points to a potential upside of 47.90% from the company's previous close.

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

Boyd Group Services Stock Performance

Shares of NYSE:BGSI opened at $81.14 on Friday. The stock has a market capitalization of $2.26 billion, a P/E ratio of 176.38 and a beta of 0.70. Boyd Group Services has a 1-year low of $80.74 and a 1-year high of $183.10. 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 has a 50-day moving average price of $95.30 and a two-hundred day moving average price of $110.16.

Boyd Group Services (NYSE:BGSI - Get Free Report) last issued its 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). Boyd Group Services had a net margin of 0.25% and a return on equity of 5.21%. The business had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $1.02 billion. Equities analysts predict that Boyd Group Services will post 3.43 earnings per share for the current year.

Hedge Funds Weigh In On Boyd Group Services

Several institutional investors and hedge funds have recently made changes to their positions in the company. Assetmark Inc. increased its holdings in shares of Boyd Group Services by 23.5% in the first quarter. Assetmark Inc. now owns 457 shares of the company's stock worth $58,000 after acquiring an additional 87 shares in the last quarter. Public Employees Retirement System of Ohio raised its position in shares of Boyd Group Services by 2.1% during the first 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 period. Pictet Asset Management Holding SA lifted its holdings in shares of Boyd Group Services by 11.8% during the 1st quarter. Pictet Asset Management Holding SA now owns 5,425 shares of the company's stock valued at $690,000 after purchasing an additional 571 shares in the last quarter. Value Partners Investments Inc. lifted its holdings in shares of Boyd Group Services by 7.4% during the 1st quarter. Value Partners Investments Inc. now owns 9,905 shares of the company's stock valued at $1,262,000 after purchasing an additional 686 shares in the last quarter. Finally, Addenda Capital Inc. grew its position in shares of Boyd Group Services by 1.4% in the 2nd quarter. Addenda Capital Inc. now owns 67,378 shares of the company's stock valued at $6,375,000 after purchasing an additional 961 shares during the period. 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.

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