Stephens Reaffirms Overweight Rating for Boyd Group Services (NYSE:BGSI)

Boyd Group Services (NYSE:BGSI)‘s stock had its “overweight” rating reaffirmed by equities researchers at Stephens in a report released on Thursday,Benzinga reports. They currently have a $200.00 target price on the stock. Stephens’ target price indicates a potential upside of 42.53% from the company’s previous close.

Other equities analysts have also recently issued reports about the company. Scotiabank upgraded Boyd Group Services to a “strong-buy” rating in a research note on Wednesday, January 14th. Wall Street Zen lowered shares of Boyd Group Services from a “buy” rating to a “hold” rating in a research note on Saturday, March 14th. Finally, Weiss Ratings assumed coverage on shares of Boyd Group Services in a report on Thursday, January 15th. They issued a “sell (d+)” rating for the company. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $200.00.

Boyd Group Services Stock Up 2.1%

Shares of Boyd Group Services stock opened at $140.32 on Thursday. The stock has a market capitalization of $3.91 billion, a P/E ratio of 171.13 and a beta of 0.68. Boyd Group Services has a 52 week low of $134.22 and a 52 week high of $183.10. The business has a 50 day moving average of $165.99. The company has a current ratio of 0.59, a quick ratio of 0.44 and a debt-to-equity ratio of 0.61.

Boyd Group Services (NYSE:BGSI) last posted its earnings results on Wednesday, March 18th. The company reported $0.90 earnings per share for the quarter, beating analysts’ consensus estimates of $0.63 by $0.27. The company had revenue of $793.85 million for the quarter, compared to analyst estimates of $821.73 million. Boyd Group Services had a return on equity of 5.89% and a net margin of 0.59%.

Hedge Funds Weigh In On Boyd Group Services

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