Boyd Group Services (OTCMKTS:BYDGF) Trading Up 4.8% - Here's What Happened

Key Points

• Boyd Group Services' stock price increased by 4.8%, reaching a last trading price of $159.89, with trading volume significantly above average.
• Several analysts have a consensus rating of "Buy" for Boyd Group Services, with reports indicating an upgrade from Goldman Sachs to a "hold" rating.
• In its latest quarterly earnings report, Boyd Group missed EPS estimates, reporting $0.50 compared to the expected $0.55, and generated revenue of $780.41 million, falling short of analyst projections.

Boyd Group Services Inc. (OTCMKTS:BYDGF - Get Free Report) shot up 4.8% on Wednesday . The company traded as high as $160.43 and last traded at $159.89. 9,802 shares traded hands during mid-day trading, an increase of 119% from the average session volume of 4,484 shares. The stock had previously closed at $152.61.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on BYDGF. Royal Bank Of Canada reiterated an "outperform" rating on shares of Boyd Group Services in a report on Thursday, August 14th. Stephens began coverage on Boyd Group Services in a research note on Tuesday, June 10th. They issued an "overweight" rating on the stock. 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 analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of "Buy".

Boyd Group Services Stock Performance

The company has a market cap of $3.45 billion, a P/E ratio of 434.65 and a beta of 0.71. The company has a 50 day moving average price of $151.34 and a 200-day moving average price of $151.94. 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 (OTCMKTS:BYDGF - Get Free Report) last released 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). Boyd Group Services had a return on equity of 2.70% and a net margin of 0.27%.The business had revenue of $780.41 million during the quarter, compared to the consensus estimate 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.