Boyd Group Services (NYSE:BGSI) Downgraded to “Strong Sell” Rating by Zacks Research

Zacks Research downgraded shares of Boyd Group Services (NYSE:BGSI) from a hold rating to a strong sell rating in a research report report published on Monday morning,Zacks.com reports.

Other analysts have also issued reports about the company. Weiss Ratings reissued a “sell (d)” rating on shares of Boyd Group Services in a research note on Wednesday, June 24th. Wall Street Zen downgraded Boyd Group Services from a “buy” rating to a “hold” rating in a research note on Saturday, May 2nd. Finally, Stephens dropped their price objective on shares of Boyd Group Services from $200.00 to $157.00 and set an “overweight” rating for the company in a report on Tuesday, April 14th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $157.00.

Boyd Group Services Stock Performance

Shares of NYSE:BGSI opened at $94.74 on Monday. Boyd Group Services has a 52-week low of $88.97 and a 52-week high of $183.10. The firm has a market capitalization of $2.64 billion, a P/E ratio of 143.55 and a beta of 0.71. The company has a quick ratio of 0.46, a current ratio of 0.60 and a debt-to-equity ratio of 0.58. The business’s fifty day moving average is $105.90.

Boyd Group Services (NYSE:BGSI) last released its quarterly earnings data on Wednesday, May 13th. The company reported $0.58 earnings per share for the quarter, beating the consensus estimate of $0.56 by $0.02. Boyd Group Services had a return on equity of 4.90% and a net margin of 0.39%. On average, equities analysts forecast that Boyd Group Services will post 3.85 EPS for the current fiscal year.

Boyd Group Services Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 29th. Shareholders of record on Tuesday, June 30th will be issued a dividend of $0.156 per share. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $0.62 annualized dividend and a yield of 0.7%. Boyd Group Services’s payout ratio is presently 68.18%.

Institutional Investors Weigh In On Boyd Group Services

A number of institutional investors have recently made changes to their positions in BGSI. Anson Funds Management LP acquired a new stake in shares of Boyd Group Services in the first quarter valued at about $2,552,000. Janus Henderson Group PLC lifted its stake in shares of Boyd Group Services by 18.2% in the first quarter. Janus Henderson Group PLC now owns 133,564 shares of the company’s stock worth $17,015,000 after acquiring an additional 20,596 shares during the period. Amundi acquired a new position in shares of Boyd Group Services in the first quarter worth approximately $277,000. Cumberland Partners Ltd boosted its holdings in Boyd Group Services by 135.9% in the first quarter. Cumberland Partners Ltd now owns 30,900 shares of the company’s stock valued at $3,932,000 after acquiring an additional 17,800 shares during the last quarter. Finally, Public Employees Retirement System of Ohio boosted its holdings in Boyd Group Services by 2.1% in the first quarter. Public Employees Retirement System of Ohio now owns 7,666 shares of the company’s stock valued at $975,000 after acquiring an additional 158 shares during the last quarter. Institutional investors own 0.17% of the company’s stock.

About Boyd Group Services

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.