Boyd Group Services Inc. (NYSE:BGSI) Stock Now Rated "Moderate Buy" by Sell-Side Analysts

Key Points

• Analysts rate Boyd Group Services “Moderate Buy”, with five analysts split among one sell, one hold, two buy and one strong buy; the average 12-month price target is $138.50.
• The company’s latest quarter fell short of estimates: earnings were $0.80 per share versus $0.94 expected, while revenue was $1.01 billion versus $1.02 billion forecast.
• Boyd paid a quarterly dividend of C$0.16, equivalent to an annualized C$0.62 and a 0.7% yield.

Shares of Boyd Group Services Inc. (NYSE:BGSI - Get Free Report) have been assigned an average rating of "Moderate Buy" from the five brokerages that are presently covering the stock, Marketbeat reports. One research 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 twelve-month price objective among brokers that have covered the stock in the last year is $138.50.

A number of research firms have recently commented on BGSI. Mizuho initiated coverage on Boyd Group Services in a research note on Friday, September 18th. They issued an "outperform" rating and a $120.00 target price on the stock. Weiss Ratings raised shares of Boyd Group Services from a "sell (d)" rating to a "sell (d+)" rating in a research note on Thursday, October 29th. Finally, Zacks Research raised shares of Boyd Group Services from a "strong sell" rating to a "hold" rating in a research note on Tuesday, July 28th.

Boyd Group Services Stock Performance

BGSI opened at $88.63 on Friday. The firm has a market capitalization of $2.47 billion, a PE ratio of 192.68 and a beta of 0.68. The company has a current ratio of 0.60, a quick ratio of 0.46 and a debt-to-equity ratio of 0.58. Boyd Group Services has a twelve month low of $75.42 and a twelve month high of $183.10. The firm's 50-day moving average price is $82.70 and its 200 day moving average price is $113.25.

Boyd Group Services (NYSE:BGSI - Get Free Report) last issued its quarterly earnings data 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 business had revenue of $1.01 billion for the quarter, compared to analyst estimates of $1.02 billion. Boyd Group Services had a net margin of 0.25% and a return on equity of 5.21%. As a group, sell-side analysts expect 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 was paid on Wednesday, October 28th. Investors of record on Wednesday, September 30th were given a C$0.16 dividend. This represents a $0.62 annualized dividend and a yield of 0.7%. The ex-dividend date was Wednesday, September 30th. Boyd Group Services's dividend payout ratio is presently 95.65%.

Hedge Funds Weigh In On Boyd Group Services

Several institutional investors and hedge funds have recently bought and sold shares of the business. BCV Asset Management Inc. bought a new position in shares of Boyd Group Services in the 3rd quarter valued at about $39,970,000. Caisse de depot et placement du Quebec purchased a new position in shares of Boyd Group Services in the second quarter valued at approximately $38,300,000. Jupiter Topco LLC purchased a new position in Boyd Group Services in the second quarter valued at $15,591,000. The Manufacturers Life Insurance Company acquired a new position in Boyd Group Services in the second quarter valued at $14,334,000. Finally, Pillsbury Lake Capital LLC bought a new position in Boyd Group Services in the 2nd quarter worth about $10,492,841. Hedge funds and other institutional investors own 0.17% of the company's stock.

Boyd Group Services Company Profile

Boyd Group Services Inc is a Canadian operator of non-franchised collision repair centers and related automotive service facilities. Through its operations in Canada and the United States, the company provides vehicle collision repair, auto glass repair and replacement, and related services for passenger vehicles, commercial vehicles, insurance customers and individual motorists.

In the United States, the company operates primarily under the Gerber Collision & Glass name. In Canada, its operations include locations operating under the Boyd Autobody & Glass and Assured Automotive brands, among others.

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