Boyd Group Services (NYSE:BGSI) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Boyd Group Services (NYSE:BGSI) from a hold rating to a buy rating in a research report report published on Sunday morning.

Other equities analysts also recently issued research reports about the stock. Scotiabank raised shares of Boyd Group Services to a “strong-buy” rating in a research note on Wednesday, January 14th. Stephens reaffirmed an “overweight” rating and set a $200.00 target price on shares of Boyd Group Services in a research note on Thursday, March 19th. Finally, Weiss Ratings started coverage on shares of Boyd Group Services in a report on Thursday, January 15th. They set a “sell (d+)” rating for the company. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Boyd Group Services has an average rating of “Moderate Buy” and a consensus target price of $200.00.

Boyd Group Services Trading Down 1.8%

Shares of NYSE BGSI opened at $139.79 on Friday. The firm has a market capitalization of $3.89 billion, a P/E ratio of 170.48 and a beta of 0.68. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.44 and a current ratio of 0.59. Boyd Group Services has a 12 month low of $134.22 and a 12 month high of $183.10. The business’s 50-day simple moving average is $164.95.

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

Boyd Group Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 28th. Investors of record on Tuesday, March 31st will be paid a $0.156 dividend. This represents a $0.62 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date of this dividend is Tuesday, March 31st. Boyd Group Services’s payout ratio is currently 54.88%.

Institutional Trading of Boyd Group Services

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Invesco Ltd. acquired a new position in shares of Boyd Group Services in the 4th quarter valued at about $318,000. Alberta Investment Management Corp acquired a new stake in Boyd Group Services during the fourth quarter worth approximately $5,678,000. State of Tennessee Department of Treasury bought a new stake in Boyd Group Services in the fourth quarter worth approximately $4,687,000. Mackenzie Financial Corp bought a new stake in Boyd Group Services in the fourth quarter worth approximately $327,955,000. Finally, Pillsbury Lake Capital LLC acquired a new position in Boyd Group Services in the fourth quarter valued at approximately $12,736,000. 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.