Boyd Group Services (NYSE:BGSI) Cut to “Strong Sell” at Zacks Research

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

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

Boyd Group Services Stock Up 0.2%

Shares of NYSE:BGSI opened at $94.74 on Monday. 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 company has a fifty day moving average of $105.90. The stock has a market cap of $2.64 billion, a PE ratio of 143.55 and a beta of 0.71. Boyd Group Services has a 52-week low of $88.97 and a 52-week high of $183.10.

Boyd Group Services (NYSE:BGSI) last issued its earnings results on Wednesday, May 13th. The company reported $0.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.56 by $0.02. Boyd Group Services had a return on equity of 4.90% and a net margin of 0.39%. On average, equities analysts anticipate that Boyd Group Services will post 3.85 earnings per share for the current year.

Institutional Investors Weigh In On Boyd Group Services

Institutional investors have recently modified their holdings of the company. Assetmark Inc. raised its holdings in shares of Boyd Group Services by 23.5% in the 1st quarter. Assetmark Inc. now owns 457 shares of the company’s stock valued at $58,000 after buying an additional 87 shares during the period. Public Sector Pension Investment Board purchased a new position in Boyd Group Services during the 4th quarter valued at about $262,000. Amundi acquired a new position in Boyd Group Services in the 1st quarter valued at about $277,000. Susquehanna Portfolio Strategies LLC acquired a new position in Boyd Group Services in the 4th quarter valued at about $287,000. Finally, Invesco Ltd. purchased a new stake in Boyd Group Services during the fourth quarter worth about $318,000. 0.17% of the stock is owned by institutional investors and hedge funds.

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.