Boyd Group Services (NYSE:BGSI) Price Target Lowered to $157.00 at Stephens

Boyd Group Services (NYSE:BGSI) had its price objective reduced by Stephens from $200.00 to $157.00 in a research note published on Tuesday, Marketbeat reports. They currently have an overweight rating on the stock.

BGSI has been the topic of several other research reports. Wall Street Zen upgraded shares of Boyd Group Services from a “hold” rating to a “buy” rating in a report on Sunday, March 22nd. Weiss Ratings initiated coverage on shares of Boyd Group Services in a report on Thursday, January 15th. They issued a “sell (d+)” rating on the stock. Finally, Scotiabank upgraded shares of Boyd Group Services to a “strong-buy” rating in a report on Wednesday, January 14th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $157.00.

Boyd Group Services Stock Performance

BGSI stock opened at $125.02 on Tuesday. Boyd Group Services has a 1 year low of $115.40 and a 1 year high of $183.10. The firm has a fifty day simple moving average of $153.03. The firm has a market cap of $3.48 billion, a price-to-earnings ratio of 152.47 and a beta of 0.96.

Boyd Group Services (NYSE:BGSI) last announced its earnings results on Wednesday, March 18th. The company reported $0.90 EPS for the quarter, topping the consensus estimate of $0.63 by $0.27. The firm had revenue of $793.85 million for the quarter, compared to the consensus estimate of $821.73 million. Boyd Group Services had a net margin of 0.59% and a return on equity of 5.89%.

Boyd Group Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 28th. Stockholders of record on Tuesday, March 31st will be issued a dividend of $0.156 per share. The ex-dividend date is Tuesday, March 31st. This represents a $0.62 annualized dividend and a dividend yield of 0.5%. Boyd Group Services’s payout ratio is presently 54.88%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Assetmark Inc. bought a new position in shares of Boyd Group Services during the 4th quarter worth about $59,000. Public Sector Pension Investment Board bought a new stake in Boyd Group Services in the fourth quarter valued at about $262,000. Susquehanna Portfolio Strategies LLC bought a new stake in Boyd Group Services in the fourth quarter valued at about $287,000. Invesco Ltd. bought a new stake in Boyd Group Services in the fourth quarter valued at about $318,000. Finally, Deutsche Bank AG bought a new stake in Boyd Group Services in the fourth quarter valued at about $373,000. Institutional investors own 0.17% of the company’s stock.

Boyd Group Services Company Profile

Boyd Group Services Inc is a North American operator of collision repair centers that provides vehicle repair, paint and refinishing, and auto glass replacement services. Its locations perform mechanical and cosmetic collision repairs, parts sourcing, and related warranty work, serving retail customers as well as business clients such as insurers and fleet operators. The company’s operations typically include estimating, repair planning, paint and body work, and post-repair quality assurance and customer service.

Headquartered in Winnipeg, Manitoba, Canada, Boyd Group Services operates across both Canada and the United States through a network of company-owned collision repair facilities under various local and regional brand names.