Boyd Group Services (NYSE:BGSI) Upgraded by Zacks Research to Hold Rating

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

Other research analysts have also issued research reports about the stock. Stephens lowered their price objective on shares of 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. Wall Street Zen lowered Boyd Group Services from a “buy” rating to a “hold” rating in a research note on Saturday, May 2nd. 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 issued a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Boyd Group Services presently has an average rating of “Moderate Buy” and a consensus price target of $157.00.

Boyd Group Services Stock Down 2.5%

BGSI stock opened at $110.06 on Tuesday. The business has a 50-day moving average of $100.11. The firm has a market capitalization of $3.06 billion, a P/E ratio of 166.76 and a beta of 0.76. The company has a quick ratio of 0.46, a current ratio of 0.60 and a debt-to-equity ratio of 0.58. Boyd Group Services has a fifty-two week low of $88.97 and a fifty-two week high of $183.10.

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

Boyd Group Services Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 29th. Investors of record on Tuesday, June 30th were issued a dividend of $0.156 per share. This represents a $0.62 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date was Tuesday, June 30th. Boyd Group Services’s dividend payout ratio (DPR) is presently 66.67%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of BGSI. Assetmark Inc. boosted its stake in shares of Boyd Group Services by 23.5% during the 1st quarter. Assetmark Inc. now owns 457 shares of the company’s stock worth $58,000 after acquiring an additional 87 shares in the last quarter. Public Sector Pension Investment Board purchased a new stake in shares of Boyd Group Services during the fourth quarter valued at $262,000. Amundi acquired a new position in shares of Boyd Group Services in the 1st quarter valued at $277,000. Susquehanna Portfolio Strategies LLC acquired a new position in shares of Boyd Group Services in the 4th quarter valued at $287,000. Finally, Invesco Ltd. purchased a new position in Boyd Group Services in the 4th quarter worth about $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.