Boyd Group Services (OTCMKTS:BYDGF) Shares Up 1.6% - What's Next?

Key Points

• The stock price of Boyd Group Services increased by 1.6% to $172.99, with trading volume reaching 6,698 shares, surpassing the average of 6,486 shares.
• The company received several ratings updates, including an "overweight" rating from Stephens and a shift from "strong sell" to "hold" by Goldman Sachs, leading to an overall average rating of "Buy."
• In its latest quarterly earnings, Boyd Group Services reported $0.50 earnings per share, which was below the consensus estimate of $0.55, along with revenue of $780.41 million against expected $792.39 million.

Boyd Group Services Inc. (OTCMKTS:BYDGF - Get Free Report)'s stock price rose 1.6% during trading on Thursday . The company traded as high as $172.99 and last traded at $172.99. Approximately 6,698 shares were traded during mid-day trading, an increase of 3% from the average daily volume of 6,486 shares. The stock had previously closed at $170.25.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Stephens assumed coverage on shares of Boyd Group Services in a report on Tuesday, June 10th. They set an "overweight" rating for the company. Royal Bank Of Canada reaffirmed an "outperform" rating on shares of Boyd Group Services in a research note on Thursday, August 14th. Finally, The Goldman Sachs Group upgraded Boyd Group Services from a "strong sell" rating to a "hold" rating in a research report on Tuesday, June 3rd. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Buy".

Boyd Group Services Stock Performance

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 cap of $3.71 billion, a PE ratio of 467.53 and a beta of 0.73. The business's 50-day moving average is $154.14 and its 200 day moving average is $151.97.

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

Boyd Group Services Company Profile

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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