Boyd Group Services (NYSE:BGSI) Rating Lowered to Hold at Wall Street Zen

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

Other analysts have also recently issued research reports about the stock. 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 investment analyst has rated the stock with a Strong Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

Boyd Group Services Stock Performance

Shares of NYSE BGSI opened at $153.67 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. Boyd Group Services has a one year low of $136.81 and a one year high of $183.10. The stock has a market cap of $4.28 billion, a price-to-earnings ratio of 207.66 and a beta of 0.67. The stock’s fifty day moving average is $168.19.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in BGSI. Invesco Ltd. purchased a new position in Boyd Group Services in the 4th quarter valued at about $318,000. Alberta Investment Management Corp acquired a new stake in shares of Boyd Group Services during the 4th quarter worth about $5,678,000. State of Tennessee Department of Treasury purchased a new stake in shares of Boyd Group Services during the fourth quarter worth about $4,687,000. Mackenzie Financial Corp purchased a new stake in shares of Boyd Group Services during the fourth quarter worth about $327,955,000. Finally, Pillsbury Lake Capital LLC acquired a new position in shares of Boyd Group Services in the fourth quarter valued at approximately $12,736,000. 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.