BrightView (NYSE:BV) Shares Gap Down – Time to Sell?

BrightView Holdings, Inc. (NYSE:BV)’s stock price gapped down before the market opened on Wednesday . The stock had previously closed at $13.04, but opened at $12.44. BrightView shares last traded at $12.60, with a volume of 6,172 shares traded.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. JPMorgan Chase & Co. upgraded BrightView from an “underweight” rating to a “neutral” rating and lifted their target price for the stock from $13.00 to $14.00 in a research report on Thursday, May 7th. BTIG Research reiterated a “buy” rating and set a $16.00 target price on shares of BrightView in a research report on Monday. Morgan Stanley lifted their target price on BrightView from $13.00 to $14.00 and gave the stock an “equal weight” rating in a research report on Monday, March 2nd. Weiss Ratings reiterated a “sell (d+)” rating on shares of BrightView in a research report on Monday, May 4th. Finally, The Goldman Sachs Group reiterated a “sell” rating and set a $11.10 target price on shares of BrightView in a research report on Monday, February 9th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, three have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $15.02.

BrightView Stock Up 1.9%

The business’s 50 day moving average is $12.15 and its 200 day moving average is $12.65. The company has a market capitalization of $1.19 billion, a price-to-earnings ratio of -182.76 and a beta of 1.20. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.23 and a current ratio of 1.23.

BrightView (NYSE:BV) last released its earnings results on Tuesday, May 5th. The company reported $0.09 EPS for the quarter, topping analysts’ consensus estimates of $0.08 by $0.01. The company had revenue of $702.90 million during the quarter, compared to analysts’ expectations of $638.80 million. BrightView had a net margin of 1.70% and a return on equity of 7.25%. BrightView’s revenue for the quarter was up 6.1% on a year-over-year basis. During the same period last year, the business earned $0.14 EPS. Sell-side analysts anticipate that BrightView Holdings, Inc. will post 0.57 earnings per share for the current year.

Institutional Trading of BrightView

A number of institutional investors have recently bought and sold shares of BV. Royal Bank of Canada boosted its stake in BrightView by 4.7% in the 1st quarter. Royal Bank of Canada now owns 699,959 shares of the company’s stock worth $8,988,000 after purchasing an additional 31,291 shares in the last quarter. AQR Capital Management LLC boosted its position in BrightView by 75.9% in the first quarter. AQR Capital Management LLC now owns 209,995 shares of the company’s stock valued at $2,696,000 after buying an additional 90,627 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in BrightView by 7.1% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 35,443 shares of the company’s stock valued at $455,000 after buying an additional 2,349 shares during the last quarter. Millennium Management LLC boosted its position in BrightView by 54.2% in the first quarter. Millennium Management LLC now owns 1,456,682 shares of the company’s stock valued at $18,704,000 after buying an additional 512,098 shares during the last quarter. Finally, Goldman Sachs Group Inc. boosted its position in BrightView by 11.3% in the first quarter. Goldman Sachs Group Inc. now owns 1,658,306 shares of the company’s stock valued at $21,293,000 after buying an additional 167,966 shares during the last quarter. 92.41% of the stock is currently owned by institutional investors and hedge funds.

About BrightView

BrightView Inc (NYSE:BV) is a leading commercial landscaping services company in the United States, offering a comprehensive suite of outdoor asset management solutions. The company’s core business activities include landscape maintenance, development and enhancement services tailored to a wide array of clients such as corporate campuses, healthcare facilities, multi-family residential properties, retail centers and municipalities.

BrightView’s service portfolio covers routine grounds maintenance, landscape construction and design-build, irrigation system installation and management, tree care, seasonal color programs and snow and ice management.