Boyd Group Services (NYSE:BGSI – Get Free Report) was downgraded by analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research note issued on Monday,Zacks.com reports.
Other equities research analysts have also recently issued research reports about the company. Wall Street Zen cut Boyd Group Services from a “buy” rating to a “hold” rating in a report on Saturday, May 2nd. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Boyd Group Services in a report on Wednesday, June 24th. Finally, Stephens decreased their target price on Boyd Group Services from $200.00 to $157.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 14th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $157.00.
Check Out Our Latest Stock Report on BGSI
Boyd Group Services Trading Up 0.2%
Boyd Group Services (NYSE:BGSI – Get Free Report) last issued its earnings results on Wednesday, May 13th. The company reported $0.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.56 by $0.02. Boyd Group Services had a net margin of 0.39% and a return on equity of 4.90%. Analysts predict that Boyd Group Services will post 3.85 EPS for the current year.
Institutional Investors Weigh In On Boyd Group Services
Hedge funds have recently modified their holdings of the stock. Assetmark Inc. acquired a new position in shares of 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 in the fourth quarter valued at $262,000. Susquehanna Portfolio Strategies LLC bought a new position in Boyd Group Services in the 4th quarter worth approximately $287,000. Invesco Ltd. bought a new position in shares of Boyd Group Services in the 4th quarter valued at about $318,000. Finally, Amundi acquired a new stake in Boyd Group Services in the 1st quarter valued at about $277,000. 0.17% of the stock is owned by hedge funds and other 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.
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