Boyd Group Services (NYSE:BGSI) Research Coverage Started at Mizuho

Mizuho initiated coverage on shares of Boyd Group Services (NYSE:BGSI) in a report published on Friday morning, Marketbeat Ratings reports. The brokerage issued an outperform rating and a $120.00 target price on the stock.

A number of other research firms have also weighed in on BGSI. Zacks Research raised Boyd Group Services from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 28th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Boyd Group Services in a report on Wednesday, June 24th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $138.50.

Boyd Group Services Stock Up 0.2%

Boyd Group Services stock opened at $81.58 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 company’s 50-day moving average is $94.98 and its 200-day moving average is $109.51. The firm has a market capitalization of $2.27 billion, a PE ratio of 177.35 and a beta of 0.70. Boyd Group Services has a fifty-two week low of $80.74 and a fifty-two week high of $183.10.

Boyd Group Services (NYSE:BGSI) last posted its quarterly earnings results on Wednesday, August 12th. The company reported $0.80 EPS 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 the consensus estimate 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 anticipate that Boyd Group Services will post 3.43 earnings per share for the current year.

Boyd Group Services Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 28th. Shareholders of record on Wednesday, September 30th will be given a dividend of $0.156 per share. The ex-dividend date is Wednesday, September 30th. This represents a $0.62 annualized dividend and a yield of 0.8%. Boyd Group Services’s dividend payout ratio (DPR) is 95.65%.

Hedge Funds Weigh In On Boyd Group Services

Several institutional investors and hedge funds have recently made changes to their positions in the company. Cibc World Market Inc. acquired a new position in shares of Boyd Group Services in the second quarter valued at about $5,222,000. NewGen Asset Management Ltd raised its stake in Boyd Group Services by 155.7% in the 1st quarter. NewGen Asset Management Ltd now owns 69,800 shares of the company’s stock worth $8,895,000 after purchasing an additional 42,500 shares in the last quarter. Pillsbury Lake Capital LLC acquired a new stake in Boyd Group Services in the 2nd quarter worth about $10,492,841. Anson Funds Management LP acquired a new stake in Boyd Group Services in the 1st quarter worth about $2,552,000. Finally, Man Group plc bought a new stake in Boyd Group Services in the 2nd quarter valued at about $1,202,000. Institutional investors and hedge funds own 0.17% of the company’s stock.

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.