Boyd Group Services (NYSE:BGSI) Cut to Hold at Canadian Imperial Bank of Commerce

Boyd Group Services (NYSE:BGSI) was downgraded by research analysts at Canadian Imperial Bank of Commerce from a “strong-buy” rating to a “hold” rating in a research report issued on Thursday, Zacks reports.

Several other research analysts also recently commented on the company. Weiss Ratings raised Boyd Group Services from a “sell (d)” rating to a “sell (d+)” rating in a research note on Thursday, October 29th. Mizuho dropped their target price on shares of Boyd Group Services from $120.00 to $115.00 and set an “outperform” rating for the company in a report on Thursday. Finally, Zacks Research upgraded shares of Boyd Group Services from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 28th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $136.00.

Boyd Group Services Price Performance

Boyd Group Services stock opened at $74.62 on Thursday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.46 and a current ratio of 0.60. Boyd Group Services has a 52 week low of $74.13 and a 52 week high of $183.10. The stock has a market capitalization of $2.07 billion, a P/E ratio of 26.07 and a beta of 0.68. The stock has a fifty day moving average of $82.48 and a 200-day moving average of $111.63.

Boyd Group Services (NYSE:BGSI) last announced its quarterly earnings data on Wednesday, November 11th. The company reported $0.68 earnings per share for the quarter, missing the consensus estimate of $0.92 by ($0.24). 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 positive return on equity of 4.66% and a negative net margin of 0.05%. On average, sell-side analysts expect that Boyd Group Services will post 3.38 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its holdings in shares of Boyd Group Services by 14.5% during the 3rd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 39,270 shares of the company’s stock valued at $3,082,000 after acquiring an additional 4,977 shares in the last quarter. BCV Asset Management Inc. acquired a new position in Boyd Group Services in the 3rd quarter worth about $39,970,000. CenterBook Partners LP raised its position in Boyd Group Services by 360.7% in the third quarter. CenterBook Partners LP now owns 29,635 shares of the company’s stock valued at $2,324,000 after purchasing an additional 23,203 shares during the last quarter. State of Wyoming bought a new position in Boyd Group Services in the third quarter valued at about $65,000. Finally, MORGUARD LINCLUDEN GLOBAL INVESTMENTS Ltd raised its position in Boyd Group Services by 1.3% in the third quarter. MORGUARD LINCLUDEN GLOBAL INVESTMENTS Ltd now owns 41,838 shares of the company’s stock valued at $3,281,000 after purchasing an additional 528 shares during the last quarter. 0.17% of the stock is currently owned by institutional investors.

Boyd Group Services News Summary

These are some of the BGSI news items that stood out recently:

• Positive Sentiment: Third-quarter revenue rose 28.2% to $1.013 billion and adjusted EBITDA increased 34.3% to $132.1 million, expanding the adjusted EBITDA margin to 13.0%. New locations contributed $206 million in revenue, while same-store sales grew 2.2%. Boyd Group Services Inc. Reports Third Quarter 2026 Results
• Positive Sentiment: Management reported $50 million in Project 360 savings and acquisition synergies year-to-date, targeting $105 million in savings by the end of 2026 and pursuing another $35 million over 2027–2029. Boyd targets Project 360 savings
• Negative Sentiment: Adjusted EPS was $0.68, below the $0.92 consensus, while revenue of $1.013 billion also narrowly missed estimates of about $1.02 billion. The earnings shortfall appears to be the main catalyst for the post-results selloff. Boyd Group misses Q3 earnings and revenue estimates

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.