Boyd Group Services Inc. (NYSE:BGSI) Stock Has Average Price Target of $138.50

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

BGSI has been the subject of a number of recent research reports. 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 objective for the company. 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. Finally, Weiss Ratings cut shares of Boyd Group Services from a “sell (d+)” rating to a “sell (d)” rating in a report on Friday, October 9th.

Boyd Group Services Stock Up 5.1%

Boyd Group Services stock opened at $81.80 on Tuesday. The stock has a fifty day moving average of $85.61 and a 200 day moving average of $99.73. Boyd Group Services has a one year low of $75.42 and a one year high of $183.10. 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 $2.28 billion, a PE ratio of 26.85 and a beta of 0.72.

Boyd Group Services (NYSE:BGSI) last posted its quarterly earnings data on Wednesday, August 12th. The company reported $0.80 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.94 by ($0.14). Boyd Group Services had a return on equity of 5.21% and a net margin of 0.25%. The business had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $1.02 billion. As a group, sell-side analysts predict that Boyd Group Services will post 3.43 EPS for the current year.

Boyd Group Services Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 28th. Stockholders of record on Wednesday, September 30th will be given a dividend of C$0.16 per share. This represents a $0.62 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend is Wednesday, September 30th. Boyd Group Services’s payout ratio is presently 95.65%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. Assetmark Inc. grew its position in Boyd Group Services by 23.5% during the 1st quarter. Assetmark Inc. now owns 457 shares of the company’s stock worth $58,000 after acquiring an additional 87 shares during the last quarter. Nykredit A S bought a new position in Boyd Group Services during the 2nd quarter worth $95,000. Deutsche Bank AG bought a new stake in shares of Boyd Group Services during the 2nd quarter valued at about $188,000. Amundi acquired a new position in shares of Boyd Group Services during the first quarter valued at about $277,000. Finally, Pictet Asset Management Holding SA boosted its holdings in shares of Boyd Group Services by 11.8% in the 1st quarter. Pictet Asset Management Holding SA now owns 5,425 shares of the company’s stock worth $690,000 after buying an additional 571 shares during the last quarter. Hedge funds and other institutional investors own 0.17% of the company’s stock.

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.