Boyd Group Services (NYSE:BGSI) Stock Rating Lowered by Zacks Research

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

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

Boyd Group Services Trading Up 0.2%

Shares of BGSI stock opened at $94.74 on Monday. The company has a 50-day moving average of $105.90. The company has a current ratio of 0.60, a quick ratio of 0.46 and a debt-to-equity ratio of 0.58. The firm has a market capitalization of $2.64 billion, a PE ratio of 143.55 and a beta of 0.71. 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 released its earnings results on Wednesday, May 13th. The company reported $0.58 earnings per share for the quarter, beating analysts’ consensus estimates of $0.56 by $0.02. Boyd Group Services had a net margin of 0.39% and a return on equity of 4.90%. Sell-side analysts forecast that Boyd Group Services will post 3.85 earnings per share for the current year.

Institutional Trading of Boyd Group Services

Several large investors have recently modified their holdings of the stock. Principal Financial Group Inc. acquired a new stake in shares of Boyd Group Services in the 4th quarter valued at about $62,264,000. Cidel Asset Management Inc. acquired a new position in Boyd Group Services during the 4th quarter worth approximately $9,046,000. Van Berkom & Associates Inc. acquired a new position in Boyd Group Services during the 4th quarter worth approximately $5,010,000. Intact Investment Management Inc. bought a new position in Boyd Group Services in the fourth quarter worth approximately $25,769,000. Finally, TD Waterhouse Canada Inc. acquired a new stake in Boyd Group Services in the fourth quarter valued at approximately $2,845,000. Institutional investors and hedge funds 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.