Boyd Group Services (OTCMKTS:BYDGF) Shares Gap Up - Should You Buy?

Key Points

• Shares of Boyd Group Services gapped up from $152.61 to $160.43 at market opening, with a current trading volume of 5,188 shares.
• Several analysts have rated Boyd Group Services, with a consensus rating of "Buy," including an "overweight" rating from Stephens and an "outperform" rating from Royal Bank of Canada.
• For its last quarter, Boyd Group Services reported earnings of $0.50 per share, missing estimates, with revenue totaling $780.41 million against expectations of $792.39 million.

Shares of Boyd Group Services Inc. (OTCMKTS:BYDGF - Get Free Report) gapped up before the market opened on Monday . The stock had previously closed at $152.61, but opened at $160.43. Boyd Group Services shares last traded at $160.43, with a volume of 5,188 shares traded.

Analysts Set New Price Targets

A number of analysts have recently commented on BYDGF shares. Stephens started coverage on shares of Boyd Group Services in a research note on Tuesday, June 10th. They set an "overweight" rating for the company. Royal Bank Of Canada restated an "outperform" rating on shares of Boyd Group Services in a research report on Thursday. Finally, The Goldman Sachs Group upgraded shares of Boyd Group Services from a "strong sell" rating to a "hold" rating in a research report on Tuesday, June 3rd. One research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Boyd Group Services presently has a consensus rating of "Buy".

Boyd Group Services Stock Performance

The stock's 50-day simple moving average is $149.93 and its 200 day simple moving average is $152.10. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.44 and a current ratio of 0.59. The company has a market capitalization of $3.43 billion, a PE ratio of 432.14 and a beta of 0.71.

Boyd Group Services (OTCMKTS:BYDGF - Get Free Report) last announced its quarterly earnings data on Wednesday, August 13th. The company reported $0.50 EPS for the quarter, missing analysts' consensus estimates of $0.55 by ($0.05). Boyd Group Services had a net margin of 0.27% and a return on equity of 2.70%. The firm had revenue of $780.41 million during the quarter, compared to analysts' expectations of $792.39 million.

About Boyd Group Services

Boyd Group Services Inc, together with its subsidiaries, operates non-franchised collision repair centers in North America. The company operates its locations under the Boyd Autobody & Glass and Assured Automotive names in Canada; and Gerber Collision & Glass name in the United States. It also operates as a retail auto glass operator under the Gerber Collision & Glass, Glass America, Auto Glass Service, Auto Glass Authority, and Autoglassonly.com names in the United States.

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