Boyd Group Services’ (BGSI) Overweight Rating Reaffirmed at Stephens

Stephens reaffirmed their overweight rating on shares of Boyd Group Services (NYSE:BGSI) in a research report report published on Thursday,Benzinga reports. The firm currently has a $200.00 price objective on the stock.

A number of other research firms also recently issued reports on BGSI. Weiss Ratings initiated coverage on Boyd Group Services in a research report on Thursday, January 15th. They issued a “sell (d+)” rating on the stock. Scotiabank upgraded Boyd Group Services to a “strong-buy” rating in a research note on Wednesday, January 14th. Finally, Wall Street Zen lowered Boyd Group Services from a “buy” rating to a “hold” rating in a research report on Saturday, March 14th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $200.00.

Boyd Group Services Trading Down 1.3%

Shares of BGSI stock opened at $138.44 on Thursday. The company has a quick ratio of 0.44, a current ratio of 0.59 and a debt-to-equity ratio of 0.61. Boyd Group Services has a 1 year low of $134.22 and a 1 year high of $183.10. The company has a fifty day simple moving average of $166.56. The firm has a market cap of $3.85 billion, a price-to-earnings ratio of 168.84 and a beta of 0.68.

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

Boyd Group Services Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 28th. Stockholders of record on Tuesday, March 31st will be paid a dividend of $0.156 per share. The ex-dividend date is 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 (DPR) is 60.81%.

Institutional Trading of Boyd Group Services

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