Boyd Group Services (NYSE:BGSI – Get Free Report) had its price target lowered by Mizuho from $120.00 to $115.00 in a research note issued to investors on Thursday, Benzinga reports. The firm currently has an “outperform” rating on the stock. Mizuho‘s price objective points to a potential upside of 49.09% from the stock’s current price.
A number of other analysts also recently weighed in on BGSI. Weiss Ratings raised shares of Boyd Group Services from a “sell (d)” rating to a “sell (d+)” rating in a report on Thursday, October 29th. 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. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Boyd Group Services presently has a consensus rating of “Moderate Buy” and an average target price of $136.00.
Read Our Latest Report on BGSI
Boyd Group Services Trading Down 12.8%
BGSI opened at $77.14 on Thursday. The stock has a market capitalization of $2.14 billion, a price-to-earnings ratio of 167.69 and a beta of 0.68. The company has a quick ratio of 0.46, a current ratio of 0.60 and a debt-to-equity ratio of 0.58. Boyd Group Services has a twelve month low of $75.42 and a twelve month high of $183.10. The company has a 50-day simple moving average of $82.69 and a 200 day simple moving average of $112.09.
Boyd Group Services (NYSE:BGSI – Get Free Report) last released its earnings results on Wednesday, November 11th. The company reported $0.68 EPS for the quarter, missing the consensus estimate of $0.92 by ($0.24). Boyd Group Services had a net margin of 0.25% and a return on equity of 5.21%. Analysts predict that Boyd Group Services will post 3.38 EPS for the current fiscal year.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Bank of America Corp DE bought a new position in shares of Boyd Group Services in the second quarter worth about $7,999,000. Louisbourg Investments Inc. boosted its stake in shares of Boyd Group Services by 48.7% in the 3rd quarter. Louisbourg Investments Inc. now owns 101,197 shares of the company’s stock valued at $7,967,000 after purchasing an additional 33,129 shares in the last quarter. Pillsbury Lake Capital LLC bought a new stake in shares of Boyd Group Services during the 2nd quarter valued at approximately $10,492,841. Cibc World Market Inc. bought a new stake in shares of Boyd Group Services during the 2nd quarter valued at approximately $5,222,000. Finally, Man Group plc bought a new stake in shares of Boyd Group Services during the 2nd quarter valued at approximately $1,202,000. Institutional investors own 0.17% of the company’s stock.
About Boyd Group Services
Boyd Group Services Inc. operates collision repair and automotive glass businesses in the United States and Canada. Its services include vehicle collision repairs, paint and refinishing, auto glass repair and replacement, and related services. The company serves customers through brands including Gerber Collision & Glass in the United States and Boyd Autobody & Glass in Canada. Its repair centers work with vehicle owners, insurers and fleet operators. Boyd Group traces its roots to an auto body repair business established in Winnipeg, Manitoba, in 1990.
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