Boyd Group Services Inc. (NYSE:BGSI) Stock Has Consensus Price Target of $138.50 According to Brokerages

Key Points

• Analyst sentiment is moderately bullish: Five firms have a consensus “Moderate Buy” rating on Boyd Group Services, with an average 12-month price target of $138.50 versus shares recently trading at $78.00.
• Recent financial results fell short of expectations: The company reported quarterly EPS of $0.80, below the $0.94 consensus estimate, while revenue of $1.01 billion also missed forecasts slightly.
• Boyd Group declared a quarterly dividend: Shareholders of record on September 30 are set to receive C$0.16 per share on October 28, representing an annualized yield of about 0.8%.

Boyd Group Services Inc. (NYSE:BGSI - Get Free Report) has earned an average rating of "Moderate Buy" from the five research firms that are covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation, two have given a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $138.50.

A number of research analysts have weighed in on BGSI shares. Mizuho assumed coverage on Boyd Group Services in a research note on Friday, September 18th. They set an "outperform" rating and a $120.00 price target on the stock. Weiss Ratings downgraded Boyd Group Services from a "sell (d+)" rating to a "sell (d)" rating in a research report on Friday. Finally, Zacks Research raised Boyd Group Services from a "strong sell" rating to a "hold" rating in a research report on Tuesday, July 28th.

Boyd Group Services Stock Down 0.1%

Shares of NYSE BGSI opened at $78.00 on Tuesday. The company has a quick ratio of 0.46, a current ratio of 0.60 and a debt-to-equity ratio of 0.58. Boyd Group Services has a 52 week low of $75.42 and a 52 week high of $183.10. The firm has a 50-day moving average price of $87.11 and a 200 day moving average price of $100.83. The stock has a market capitalization of $2.17 billion, a price-to-earnings ratio of 169.56 and a beta of 0.72.

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 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 analyst estimates of $1.02 billion. Equities research analysts anticipate that Boyd Group Services will post 3.43 EPS for the current fiscal year.

Boyd Group Services Announces Dividend

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

Institutional Trading of Boyd Group Services

Several large investors have recently added to or reduced their stakes in BGSI. Principal Financial Group Inc. grew its stake in Boyd Group Services by 5.7% in the first quarter. Principal Financial Group Inc. now owns 413,018 shares of the company's stock worth $52,654,000 after purchasing 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 valued at approximately $38,300,000. Montrusco Bolton Investments Inc. acquired a new stake in Boyd Group Services during the first quarter valued at approximately $35,658,000. Healthcare of Ontario Pension Plan Trust Fund bought a new position in Boyd Group Services during the 4th quarter worth approximately $31,860,000. Finally, Jupiter Topco LLC bought a new position in Boyd Group Services during the 2nd quarter worth approximately $15,591,000. 0.17% of the stock is currently owned by institutional investors and hedge funds.

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.

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