Wall Street Zen Upgrades Boyd Group Services (NYSE:BGSI) to Buy

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

BGSI has been the subject of several other research reports. Weiss Ratings began coverage on shares of Boyd Group Services in a research note on Thursday, January 15th. They issued a “sell (d+)” rating for the company. Scotiabank upgraded shares of 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 stock. According to data from MarketBeat.com, Boyd Group Services currently has an average rating of “Moderate Buy”.

Boyd Group Services Price Performance

Boyd Group Services stock opened at $174.79 on Friday. The firm has a market capitalization of $4.86 billion, a price-to-earnings ratio of 236.20 and a beta of 0.67. Boyd Group Services has a one year low of $136.81 and a one year high of $183.10. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.59 and a quick ratio of 0.44.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. FIL Ltd purchased a new stake in Boyd Group Services in the 4th quarter valued at approximately $411,269,000. Mackenzie Financial Corp purchased a new position in Boyd Group Services during the fourth quarter worth $327,955,000. Bank of Montreal Can acquired a new position in shares of Boyd Group Services in the fourth quarter worth $209,537,000. Royal Bank of Canada purchased a new stake in shares of Boyd Group Services in the fourth quarter valued at $204,276,000. Finally, Vanguard Group Inc. purchased a new stake in shares of Boyd Group Services in the fourth quarter valued at $187,263,000. 0.17% of the stock is owned by hedge funds and other institutional investors.

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.