Boyd Group Services (NYSE:BGSI) Stock Gets Price Target Cut from Mizuho

Key Points

• Mizuho lowered its price target on Boyd Group Services from $120 to $115 but maintained an “outperform” rating; the revised target implies about 49% upside from the current share price.
• Shares opened at $77.14 after a reported 12.8% decline, near the stock’s 52-week low of $75.42. The company also missed quarterly earnings expectations, reporting EPS of $0.68 versus analysts’ $0.92 estimate.
• Analyst views are mixed, though the consensus rating is “Moderate Buy,” with an average price target of $136.

Boyd Group Services (NYSE:BGSI - Get Free Report) had its price objective cut by analysts at Mizuho from $120.00 to $115.00 in a report issued on Thursday, Benzinga reports. The firm currently has an "outperform" rating on the stock. Mizuho's target price would indicate a potential upside of 49.09% from the company's current price.

BGSI has been the topic of a number of other research reports. Weiss Ratings upgraded Boyd Group Services from a "sell (d)" rating to a "sell (d+)" rating in a research note on Thursday, October 29th. Zacks Research upgraded Boyd Group Services from a "strong sell" rating to a "hold" rating in a research note on Tuesday, July 28th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $136.00.

Boyd Group Services Stock Down 12.8%

Shares of BGSI opened at $77.14 on Thursday. The firm has a market cap of $2.14 billion, a P/E ratio of 167.69 and a beta of 0.68. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.46 and a current ratio of 0.60. Boyd Group Services has a 52 week low of $75.42 and a 52 week high of $183.10. The firm's 50-day simple moving average is $82.69 and its 200 day simple moving average is $112.09.

Boyd Group Services (NYSE:BGSI - Get Free Report) last issued its quarterly earnings data on Wednesday, November 11th. The company reported $0.68 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.92 by ($0.24). Boyd Group Services had a return on equity of 5.21% and a net margin of 0.25%. On average, analysts forecast that Boyd Group Services will post 3.38 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the business. BCV Asset Management Inc. bought a new position in shares of Boyd Group Services during the third quarter worth approximately $39,970,000. Principal Financial Group Inc. grew its position 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 acquired a new stake in Boyd Group Services during the second quarter worth approximately $38,300,000. Jupiter Topco LLC acquired a new stake in Boyd Group Services during the second quarter worth approximately $15,591,000. Finally, The Manufacturers Life Insurance Company bought a new position in Boyd Group Services during the 2nd quarter worth $14,334,000. Institutional investors and hedge funds own 0.17% of the company's stock.

Boyd Group Services Company Profile

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.

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