Boyd Group Services (NYSE:BGSI) Upgraded at Scotiabank

Scotiabank upgraded shares of Boyd Group Services (NYSE:BGSI) to a strong-buy rating in a research note issued to investors on Wednesday morning,Zacks.com reports.

Boyd Group Services Stock Up 1.1%

Shares of NYSE:BGSI opened at $164.53 on Wednesday. The company has a market cap of $4.58 billion, a P/E ratio of 107.72 and a beta of 0.71. Boyd Group Services has a 12-month low of $136.81 and a 12-month high of $177.20. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.44 and a current ratio of 0.59.

Hedge Funds Weigh In On Boyd Group Services

An institutional investor recently bought a new position in Boyd Group Services stock. Louisbourg Investments Inc. bought a new stake in shares of Boyd Group Services Inc. (NYSE:BGSI) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 46,456 shares of the company’s stock, valued at approximately $7,272,000. Boyd Group Services makes up about 1.3% of Louisbourg Investments Inc.’s holdings, making the stock its 25th biggest holding. Louisbourg Investments Inc. owned about 0.17% of Boyd Group Services at the end of the most recent reporting period. 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.