Boyd Group Services Inc. (NYSE:BGSI) Stock Rated “Moderate Buy” by Sell-Side Brokerages

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

A number of analysts have weighed in on the company. Zacks Research raised Boyd Group Services from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 28th. Weiss Ratings raised Boyd Group Services from a “sell (d)” rating to a “sell (d+)” rating in a report on Thursday, September 17th. Finally, Mizuho began coverage on Boyd Group Services in a research note on Friday, September 18th. They issued an “outperform” rating and a $120.00 price objective on the stock.

Institutional Trading of Boyd Group Services

A number of institutional investors and hedge funds have recently modified their holdings of BGSI. CIBC Asset Management Inc acquired a new position in Boyd Group Services in the 4th quarter valued at $126,509,000. Dixon Mitchell Investment Counsel Inc. acquired a new stake in shares of Boyd Group Services in the fourth quarter valued at about $98,976,000. Capital World Investors bought a new position in shares of Boyd Group Services in the fourth quarter worth about $70,325,000. Norges Bank bought a new position in shares of Boyd Group Services in the fourth quarter worth about $56,502,000. Finally, Principal Financial Group Inc. lifted its position in shares of Boyd Group Services by 5.7% during the 1st 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 during the last quarter. 0.17% of the stock is currently owned by institutional investors and hedge funds.

Boyd Group Services Stock Down 0.5%

Shares of Boyd Group Services stock opened at $79.25 on Friday. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.60 and a quick ratio of 0.46. The firm has a market cap of $2.21 billion, a price-to-earnings ratio of 172.29 and a beta of 0.70. Boyd Group Services has a 52-week low of $77.85 and a 52-week high of $183.10. The stock has a 50-day simple moving average of $93.48 and a 200-day simple moving average of $107.00.

Boyd Group Services (NYSE:BGSI) last announced its quarterly earnings results on Wednesday, August 12th. The company reported $0.80 EPS for the quarter, missing the consensus estimate 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 return on equity of 5.21% and a net margin of 0.25%. On average, equities research analysts expect that Boyd Group Services will post 3.43 earnings per share for the current fiscal year.

Boyd Group Services Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 28th. Shareholders of record on Wednesday, September 30th will be issued a dividend of C$0.16 per share. This represents a $0.62 annualized dividend and a yield of 0.8%. The ex-dividend date is Wednesday, September 30th. Boyd Group Services’s dividend payout ratio (DPR) is 95.65%.

About Boyd Group Services

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.