BrightView (NYSE:BV) Rating Lowered to “Sell” at Wall Street Zen

BrightView (NYSE:BV) was downgraded by investment analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research note issued on Saturday.

A number of other research firms also recently issued reports on BV. BTIG Research reissued a “buy” rating and issued a $16.00 price target on shares of BrightView in a research note on Monday, May 11th. Morgan Stanley cut their price objective on BrightView from $14.00 to $12.50 and set an “equal weight” rating on the stock in a research report on Thursday. Zacks Research downgraded BrightView from a “hold” rating to a “strong sell” rating in a report on Tuesday, July 14th. Oppenheimer assumed coverage on BrightView in a research report on Wednesday, June 17th. They issued an “outperform” rating and a $17.00 target price for the company. Finally, Robert W. Baird set a $14.00 target price on BrightView in a research note on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, two have given a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat, BrightView presently has a consensus rating of “Hold” and a consensus target price of $14.10.

BrightView Stock Down 0.3%

Shares of BrightView stock opened at $11.41 on Friday. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.71. BrightView has a 12-month low of $10.42 and a 12-month high of $15.82. The company has a market cap of $1.06 billion, a P/E ratio of -45.64, a PEG ratio of 1.36 and a beta of 1.18. The company’s fifty day simple moving average is $13.44 and its two-hundred day simple moving average is $12.94.

BrightView (NYSE:BV) last posted its earnings results on Tuesday, August 4th. The company reported $0.17 EPS for the quarter, missing the consensus estimate of $0.29 by ($0.12). The company had revenue of $717.60 million during the quarter, compared to analysts’ expectations of $726.13 million. BrightView had a return on equity of 5.03% and a net margin of 0.74%.The company’s revenue for the quarter was up 1.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.30 earnings per share. Research analysts anticipate that BrightView will post 0.56 EPS for the current year.

Insider Activity

In other BrightView news, Director William L. Cornog purchased 50,000 shares of the stock in a transaction that occurred on Thursday, August 6th. The stock was bought at an average cost of $11.25 per share, with a total value of $562,500.00. Following the transaction, the director directly owned 70,000 shares in the company, valued at approximately $787,500. The trade was a 250.00% increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 2.80% of the stock is currently owned by insiders.

Hedge Funds Weigh In On BrightView

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

BrightView Company Profile

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.