Boyd Group Services Inc. (NYSE:BGSI) Receives Average Recommendation of "Moderate Buy" from Brokerages

Key Points

• Analysts hold a “Moderate Buy” consensus on Boyd Group Services, with two buy ratings, one strong buy, one hold and one sell. The average 12-month price target is $138.50.
• The stock opened at $81.14, near its 52-week low of $80.74 and well below its 52-week high of $183.10. The company recently missed quarterly expectations, reporting $0.80 in adjusted earnings per share versus a $0.94 consensus and revenue of $1.01 billion versus $1.02 billion expected.
• Boyd Group declared a quarterly dividend of $0.156, equivalent to $0.62 annually and a 0.8% yield. Institutional investors own only 0.17% of the company’s shares.

Shares of Boyd Group Services Inc. (NYSE:BGSI - Get Free Report) have earned a consensus rating of "Moderate Buy" from the five brokerages that are presently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation, two have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $138.50.

Several equities research analysts recently weighed in on the company. Weiss Ratings reaffirmed a "sell (d)" rating on shares of Boyd Group Services in a research note on Wednesday, June 24th. Zacks Research raised Boyd Group Services from a "strong sell" rating to a "hold" rating in a research report on Tuesday, July 28th. Finally, Mizuho began coverage on shares of Boyd Group Services in a report on Friday. They set an "outperform" rating and a $120.00 target price on the stock.

Institutional Investors Weigh In On Boyd Group Services

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

Boyd Group Services Stock Performance

Boyd Group Services stock opened at $81.14 on Friday. The stock's 50 day simple moving average is $95.30 and its two-hundred day simple moving average is $110.16. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.46 and a current ratio of 0.60. The stock has a market cap of $2.26 billion, a price-to-earnings ratio of 176.38 and a beta of 0.70. Boyd Group Services has a fifty-two week low of $80.74 and a fifty-two week high of $183.10.

Boyd Group Services (NYSE:BGSI - Get Free Report) last posted its earnings results 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 firm 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, analysts expect that Boyd Group Services will post 3.43 earnings per share for the current fiscal year.

Boyd Group Services Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 28th. Investors of record on Wednesday, September 30th will be paid a $0.156 dividend. This represents a $0.62 annualized dividend and a dividend yield of 0.8%. The ex-dividend date is Wednesday, September 30th. Boyd Group Services's dividend payout ratio (DPR) is presently 93.48%.

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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