Boyd Group Services Inc. (NYSE:BGSI) Given Consensus Rating of “Moderate Buy” by Analysts

Boyd Group Services Inc. (NYSE:BGSI) has received an average rating of “Moderate Buy” from the five research firms that are covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, one has given a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $138.50.

BGSI has been the subject of several analyst reports. Mizuho started coverage on shares of Boyd Group Services in a research report on Friday. They set an “outperform” rating and a $120.00 price target for the company. Weiss Ratings reiterated a “sell (d)” rating on shares of Boyd Group Services in a research note on Wednesday, June 24th. Finally, Zacks Research raised Boyd Group Services from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 28th.

Hedge Funds Weigh In On Boyd Group Services

A number of hedge funds have recently bought and sold shares of BGSI. Assetmark Inc. grew its stake 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 during the period. Nykredit A S bought a new position in shares of Boyd Group Services during the 2nd quarter valued at $95,000. Deutsche Bank AG purchased a new position in shares of Boyd Group Services in the 2nd quarter worth $188,000. Amundi bought a new stake in shares of Boyd Group Services in the first quarter worth $277,000. Finally, Pictet Asset Management Holding SA increased its position 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 acquiring an additional 571 shares during the last quarter. Hedge funds and other institutional investors own 0.17% of the company’s stock.

Boyd Group Services Stock Performance

Shares of BGSI stock opened at $81.14 on Friday. Boyd Group Services has a one year low of $80.74 and a one year high of $183.10. The company’s 50-day moving average is $95.30 and its 200 day moving average is $110.16. The company has a market capitalization of $2.26 billion, a price-to-earnings ratio of 176.38 and a beta of 0.70. 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 (NYSE:BGSI) 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). The firm had revenue of $1.01 billion during 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%. 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 will be paid on Wednesday, October 28th. Investors of record on Wednesday, September 30th will be given a dividend of $0.156 per share. The ex-dividend date of this dividend is Wednesday, September 30th. This represents a $0.62 annualized dividend and a dividend yield of 0.8%. Boyd Group Services’s dividend payout ratio (DPR) is 93.48%.

Boyd Group Services Company Profile

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.