Wall Street Zen Downgrades Boyd Group Services (NYSE:BGSI) to Hold

Boyd Group Services (NYSE:BGSI) was downgraded by stock analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a report issued on Saturday.

Several other analysts have also issued reports on BGSI. Weiss Ratings initiated coverage on shares of Boyd Group Services in a research report on Thursday, January 15th. They set a “sell (d+)” rating on the stock. Scotiabank upgraded shares of Boyd Group Services to a “strong-buy” rating in a research report on Wednesday, January 14th. One investment analyst has rated the stock with a Strong Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy”.

Boyd Group Services Stock Down 0.2%

Shares of Boyd Group Services stock opened at $153.67 on Friday. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.59 and a quick ratio of 0.44. Boyd Group Services has a 12-month low of $136.81 and a 12-month high of $183.10. The firm has a market capitalization of $4.28 billion, a P/E ratio of 207.66 and a beta of 0.68. The business’s 50-day moving average price is $168.19.

Institutional Investors Weigh In On Boyd Group Services

Institutional investors have recently added to or reduced their stakes in the business. Assetmark Inc. acquired a new position in Boyd Group Services in the 4th quarter valued at approximately $59,000. Public Sector Pension Investment Board acquired a new position in shares of Boyd Group Services during the fourth quarter worth $262,000. Susquehanna Portfolio Strategies LLC acquired a new position in shares of Boyd Group Services during the fourth quarter worth $287,000. Invesco Ltd. bought a new stake in shares of Boyd Group Services in the fourth quarter worth $318,000. Finally, Deutsche Bank AG bought a new stake in shares of Boyd Group Services in the fourth quarter worth $373,000. 0.17% of the stock is owned by institutional investors.

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.