Boyd Group Services (OTCMKTS:BYDGF) Stock Price Up 17.7% - Here's Why

Key Points

• Boyd Group Services' stock price surged 17.7% to $162.98 during mid-day trading, despite a significant decline in trading volume.
• Analysts have given the stock a consensus rating of "Buy", with several upgrades from major brokerages, including Royal Bank of Canada and Goldman Sachs.
• The company's recent earnings report revealed an EPS of $0.50, missing expectations, and a net margin of only 0.44%, raising concerns about its profitability.

Boyd Group Services Inc. (OTCMKTS:BYDGF - Get Free Report) rose 17.7% during mid-day trading on Wednesday . The stock traded as high as $162.98 and last traded at $162.98. Approximately 165 shares were traded during trading, a decline of 95% from the average daily volume of 3,493 shares. The stock had previously closed at $138.51.

Analysts Set New Price Targets

A number of brokerages have recently commented on BYDGF. Royal Bank Of Canada reissued an "outperform" rating on shares of Boyd Group Services in a report on Thursday, May 15th. The Goldman Sachs Group raised Boyd Group Services from a "strong sell" rating to a "hold" rating in a research note on Tuesday, June 3rd. Finally, Stephens assumed coverage on Boyd Group Services in a report on Tuesday, June 10th. They issued an "overweight" rating for the company. One equities research analyst has rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Buy".

Boyd Group Services Price Performance

The business's fifty day moving average is $149.24 and its 200 day moving average is $152.40. The firm has a market capitalization of $3.50 billion, a P/E ratio of 262.87 and a beta of 0.71. The company has a current ratio of 0.59, a quick ratio of 0.44 and a debt-to-equity ratio of 0.61.

Boyd Group Services (OTCMKTS:BYDGF - Get Free Report) last posted 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 0.44% and a return on equity of 2.83%. The firm had revenue of $780.41 million for the quarter, compared to analysts' expectations of $792.39 million.

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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