Boyd Group Services (NYSE:BGSI) Downgraded by Wall Street Zen to “Hold”

Wall Street Zen downgraded shares of Boyd Group Services (NYSE:BGSI) from a buy rating to a hold rating in a report released on Saturday.

Other equities research analysts also recently issued research reports about the company. Weiss Ratings began coverage on Boyd Group Services in a research report on Thursday, January 15th. They issued a “sell (d+)” rating on the stock. Stephens reduced their target price on Boyd Group Services from $200.00 to $157.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 14th. Finally, Scotiabank upgraded Boyd Group Services to a “strong-buy” rating in a research report on Wednesday, January 14th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $157.00.

Boyd Group Services Stock Performance

Shares of Boyd Group Services stock opened at $122.32 on Friday. Boyd Group Services has a one year low of $115.40 and a one year high of $183.10. The stock has a market capitalization of $3.40 billion, a P/E ratio of 149.17 and a beta of 0.79. The company has a debt-to-equity ratio of 0.54, a quick ratio of 3.00 and a current ratio of 3.14. The stock’s 50 day moving average is $140.55.

Boyd Group Services (NYSE:BGSI) last announced its quarterly earnings data on Wednesday, March 18th. The company reported $0.90 EPS for the quarter, topping analysts’ consensus estimates of $0.63 by $0.27. Boyd Group Services had a return on equity of 4.63% and a net margin of 0.59%.The firm had revenue of $793.85 million for the quarter, compared to the consensus estimate of $821.73 million. On average, analysts predict that Boyd Group Services will post 4.42 EPS for the current fiscal year.

Boyd Group Services Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 28th. Investors of record on Tuesday, March 31st were given a $0.156 dividend. The ex-dividend date of this dividend was Tuesday, March 31st. This represents a $0.62 dividend on an annualized basis and a dividend yield of 0.5%. Boyd Group Services’s dividend payout ratio is 54.88%.

Institutional Trading of Boyd Group Services

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Cidel Asset Management Inc. purchased a new stake in Boyd Group Services during the 4th quarter valued at approximately $9,046,000. Addenda Capital Inc. purchased a new position in Boyd Group Services in the 4th quarter valued at about $10,843,000. Louisbourg Investments Inc. purchased a new position in Boyd Group Services in the 4th quarter valued at about $7,272,000. TD Waterhouse Canada Inc. purchased a new position in Boyd Group Services in the 4th quarter valued at about $2,845,000. Finally, Lincluden Management Ltd. purchased a new position in Boyd Group Services in the 4th quarter valued at about $5,080,000. 0.17% of the stock is owned by hedge funds and other institutional investors.

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.