Boyd Group Services (NYSE:BGSI) Raised to “Hold” at Zacks Research

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

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

Boyd Group Services Trading Down 2.5%

Shares of NYSE BGSI opened at $110.06 on Tuesday. The firm has a market capitalization of $3.06 billion, a price-to-earnings ratio of 166.76 and a beta of 0.76. The firm’s 50-day moving average is $100.11. 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 1-year low of $88.97 and a 1-year high of $183.10.

Boyd Group Services (NYSE:BGSI) last issued 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 return on equity of 4.90% and a net margin of 0.39%. Equities research analysts forecast that Boyd Group Services will post 3.85 EPS for the current year.

Institutional Investors Weigh In On Boyd Group Services

Institutional investors and hedge funds have recently made changes to their positions in the business. Louisbourg Investments Inc. bought a new position in Boyd Group Services in the 4th quarter valued at about $7,272,000. Cidel Asset Management Inc. purchased a new stake in shares of Boyd Group Services in the fourth quarter worth approximately $9,046,000. Addenda Capital Inc. purchased a new stake in shares of Boyd Group Services in the fourth quarter worth approximately $10,843,000. Massachusetts Financial Services Co. MA bought a new position in shares of Boyd Group Services in the fourth quarter valued at approximately $29,216,000. Finally, Assetmark Inc. bought a new position in shares of Boyd Group Services in the fourth quarter valued at approximately $59,000. Institutional investors and hedge funds 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.