Boyd Group Services (NYSE:BGSI) Rating Increased to Hold at Zacks Research

Boyd Group Services (NYSE:BGSI) was upgraded by equities research analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a report released on Tuesday,Zacks.com reports.

Several other equities analysts have also issued reports on BGSI. Wall Street Zen lowered Boyd Group Services from a “buy” rating to a “hold” rating in a research note on Saturday, May 2nd. Stephens reduced their price objective on Boyd Group Services from $200.00 to $157.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 14th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Boyd Group Services in a research report on Wednesday, June 24th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Boyd Group Services presently has a consensus rating of “Moderate Buy” and an average price target of $157.00.

Boyd Group Services Price Performance

Shares of NYSE:BGSI opened at $110.06 on Tuesday. Boyd Group Services has a 1 year low of $88.97 and a 1 year high of $183.10. The company has a market capitalization of $3.06 billion, a PE ratio of 166.76 and a beta of 0.76. 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 has a 50 day moving average price of $100.11.

Boyd Group Services (NYSE:BGSI) last released its earnings results on Wednesday, May 13th. The company reported $0.58 earnings per share for the quarter, topping 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%. As a group, analysts anticipate that Boyd Group Services will post 3.85 EPS for the current fiscal year.

Institutional Trading of Boyd Group Services

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Assetmark Inc. increased its holdings in shares of Boyd Group Services by 23.5% during the first quarter. Assetmark Inc. now owns 457 shares of the company’s stock worth $58,000 after buying an additional 87 shares in the last quarter. Public Sector Pension Investment Board acquired a new stake in shares of Boyd Group Services during the 4th quarter valued at $262,000. Amundi bought a new stake in Boyd Group Services during the 1st quarter worth $277,000. Susquehanna Portfolio Strategies LLC bought a new stake in Boyd Group Services during the 4th quarter worth $287,000. Finally, Invesco Ltd. bought a new stake in Boyd Group Services during the 4th quarter worth $318,000. 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.