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

Boyd Group Services Inc. (NYSE:BGSI) has been assigned an average recommendation of “Moderate Buy” from the five brokerages that are covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, one has given a hold recommendation, two have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $138.50.

A number of research firms recently issued reports on BGSI. 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. Mizuho initiated coverage on Boyd Group Services in a report on Friday, September 18th. They set an “outperform” rating and a $120.00 price target on the stock. Finally, Zacks Research raised Boyd Group Services from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 28th.

Institutional Trading of Boyd Group Services

Several institutional investors and hedge funds have recently made changes to their positions in the business. BCV Asset Management Inc. acquired a new position in shares of Boyd Group Services during the third quarter worth about $39,970,000. Principal Financial Group Inc. boosted 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 valued at $52,654,000 after buying an additional 22,448 shares in the last quarter. Caisse de depot et placement du Quebec bought a new stake in Boyd Group Services in the second quarter worth about $38,300,000. Jupiter Topco LLC purchased a new position in shares of Boyd Group Services during the second quarter valued at about $15,591,000. Finally, The Manufacturers Life Insurance Company bought a new stake in Boyd Group Services in the 2nd quarter valued at $14,334,000. 0.17% of the stock is currently owned by institutional investors.

Boyd Group Services Stock Performance

Shares of BGSI stock opened at $88.63 on Friday. The company has a current ratio of 0.60, a quick ratio of 0.46 and a debt-to-equity ratio of 0.58. The business’s fifty day simple moving average is $82.70 and its 200-day simple moving average is $113.25. Boyd Group Services has a 12-month low of $75.42 and a 12-month high of $183.10. The company has a market cap of $2.47 billion, a PE ratio of 192.68 and a beta of 0.68.

Boyd Group Services (NYSE:BGSI) last issued 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 during 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%. Analysts expect that Boyd Group Services will post 3.43 earnings per share for the current fiscal year.

Boyd Group Services Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 28th. Stockholders of record on Wednesday, September 30th were paid a C$0.16 dividend. This represents a $0.62 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend was Wednesday, September 30th. Boyd Group Services’s dividend payout ratio is currently 95.65%.

About Boyd Group Services

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.