Boyd Group Services (NYSE:BGSI) Receives “Overweight” Rating from Stephens

Boyd Group Services (NYSE:BGSI)‘s stock had its “overweight” rating reiterated by equities research analysts at Stephens in a report issued on Thursday,Benzinga reports. They currently have a $200.00 target price on the stock. Stephens’ target price suggests a potential upside of 42.13% from the stock’s current price.

Several other research analysts also recently weighed in on the company. Scotiabank upgraded Boyd Group Services to a “strong-buy” rating in a report on Wednesday, January 14th. Weiss Ratings began coverage on Boyd Group Services in a research report on Thursday, January 15th. They issued a “sell (d+)” rating for the company. Finally, Wall Street Zen lowered Boyd Group Services from a “buy” rating to a “hold” rating in a research note on Saturday, March 14th. One 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 company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $200.00.

Boyd Group Services Stock Performance

Shares of BGSI opened at $140.71 on Thursday. Boyd Group Services has a 1 year low of $134.22 and a 1 year high of $183.10. The firm’s 50 day moving average price is $167.20. The stock has a market capitalization of $3.92 billion, a P/E ratio of 190.15 and a beta of 0.68. The company has a quick ratio of 0.44, a current ratio of 0.59 and a debt-to-equity ratio of 0.61.

Institutional Trading of Boyd Group Services

Institutional investors and hedge funds have recently bought and sold shares of the business. Louisbourg Investments Inc. acquired a new position in Boyd Group Services during the fourth quarter valued at approximately $7,272,000. Cidel Asset Management Inc. purchased a new position in shares of Boyd Group Services in the 4th quarter valued at $9,046,000. Addenda Capital Inc. purchased a new position in shares of Boyd Group Services in the 4th quarter valued at $10,843,000. Massachusetts Financial Services Co. MA acquired a new position in shares of Boyd Group Services during the 4th quarter valued at $29,216,000. Finally, Assetmark Inc. acquired a new position in shares of Boyd Group Services during the 4th quarter valued at $59,000. 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.