Boyd Group Services (NYSE:BGSI) Stock Rating Upgraded by Wall Street Zen

Boyd Group Services (NYSE:BGSI) was upgraded by stock analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued on Sunday.

Other analysts also recently issued reports about the stock. Scotiabank upgraded shares of Boyd Group Services to a “strong-buy” rating in a report on Wednesday, January 14th. Stephens restated an “overweight” rating and issued a $200.00 price target on shares of Boyd Group Services in a research report on Thursday, March 19th. Finally, Weiss Ratings began coverage on shares of Boyd Group Services in a research report on Thursday, January 15th. They issued a “sell (d+)” rating on the stock. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy 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 target price of $200.00.

Boyd Group Services Price Performance

Shares of NYSE BGSI opened at $142.46 on Friday. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.59 and a quick ratio of 0.44. The firm has a market capitalization of $3.96 billion, a price-to-earnings ratio of 173.74 and a beta of 0.67. Boyd Group Services has a 1-year low of $134.22 and a 1-year high of $183.10. The stock has a fifty day moving average of $165.49.

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

Hedge Funds Weigh In On Boyd Group Services

Institutional investors and hedge funds have recently bought and sold shares of the business. Invesco Ltd. purchased a new position in Boyd Group Services during the fourth quarter valued at approximately $318,000. Alberta Investment Management Corp purchased a new stake in shares of Boyd Group Services during the fourth quarter worth $5,678,000. State of Tennessee Department of Treasury acquired a new stake in Boyd Group Services during the fourth quarter valued at $4,687,000. Mackenzie Financial Corp purchased a new position in Boyd Group Services in the fourth quarter valued at about $327,955,000. Finally, Pillsbury Lake Capital LLC acquired a new position in Boyd Group Services in the 4th quarter worth about $12,736,000. Hedge funds and other 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.