Boyd Group Services (NYSE:BGSI) Rating Increased to Buy at Wall Street Zen

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

BGSI has been the topic of several other research reports. Weiss Ratings began coverage on Boyd Group Services in a research note 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 report on Wednesday, January 14th. One research analyst has rated the stock with a Strong Buy rating and one has given a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy”.

Boyd Group Services Stock Down 1.1%

Boyd Group Services stock opened at $174.79 on Friday. The company has a quick ratio of 0.44, a current ratio of 0.59 and a debt-to-equity ratio of 0.61. The company has a market cap of $4.86 billion, a PE ratio of 236.20 and a beta of 0.71. Boyd Group Services has a fifty-two week low of $136.81 and a fifty-two week high of $183.10.

Hedge Funds Weigh In On Boyd Group Services

A number of large investors have recently bought and sold shares of BGSI. FIL Ltd acquired a new stake in Boyd Group Services in the fourth quarter valued at approximately $411,269,000. Mackenzie Financial Corp purchased a new position in shares of Boyd Group Services during the 4th quarter valued at approximately $327,955,000. Bank of Montreal Can acquired a new stake in Boyd Group Services in the 4th quarter valued at $209,537,000. Royal Bank of Canada purchased a new stake in Boyd Group Services in the 4th quarter worth $204,276,000. Finally, Vanguard Group Inc. acquired a new position in Boyd Group Services during the fourth quarter worth $187,263,000. 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.