BrightView (NYSE:BV) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of BrightView (NYSE:BV) from a sell rating to a hold rating in a research report report published on Saturday morning,Wall Street Zen reports.

A number of other research firms also recently weighed in on BV. Zacks Research upgraded shares of BrightView from a “strong sell” rating to a “hold” rating in a research note on Monday, October 5th. Robert W. Baird set a $14.00 price objective on shares of BrightView in a research report on Wednesday, August 5th. Morgan Stanley dropped their price objective on shares of BrightView from $12.50 to $11.50 and set an “equal weight” rating for the company in a research note on Tuesday, October 13th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of BrightView in a research note on Friday, July 31st. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, BrightView presently has an average rating of “Hold” and a consensus target price of $13.93.

BrightView Price Performance

BrightView stock opened at $10.70 on Friday. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.28 and a current ratio of 1.28. BrightView has a 52 week low of $9.81 and a 52 week high of $15.00. The stock has a market capitalization of $996.96 million, a P/E ratio of -42.79, a price-to-earnings-growth ratio of 1.36 and a beta of 1.20. The stock has a fifty day moving average of $10.79 and a 200-day moving average of $12.37.

BrightView (NYSE:BV) last announced its quarterly earnings data on Tuesday, August 4th. The company reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.29 by ($0.12). The business had revenue of $717.60 million for the quarter, compared to the consensus estimate of $726.13 million. BrightView had a return on equity of 5.03% and a net margin of 0.74%. BrightView’s quarterly revenue was up 1.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.30 earnings per share. On average, sell-side analysts expect that BrightView will post 0.40 earnings per share for the current fiscal year.

Insider Transactions at BrightView

In other news, Director William Cornog bought 50,000 shares of the stock in a transaction on Thursday, August 6th. The stock was acquired at an average price of $11.25 per share, with a total value of $562,500.00. Following the acquisition, the director directly owned 70,000 shares in the company, valued at approximately $787,500. This trade represents a 250.00% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.80% of the stock is currently owned by insiders.

Institutional Trading of BrightView

A number of hedge funds have recently made changes to their positions in BV. BlackRock Inc. bought a new stake in BrightView in the second quarter valued at approximately $80,091,000. Dimensional Fund Advisors LP raised its holdings in BrightView by 3.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 5,268,756 shares of the company’s stock worth $62,118,000 after purchasing an additional 192,376 shares during the last quarter. Van Berkom & Associates Inc. lifted its position in shares of BrightView by 3.7% in the 1st quarter. Van Berkom & Associates Inc. now owns 5,038,617 shares of the company’s stock worth $59,405,000 after purchasing an additional 179,757 shares during the period. Bessemer Group Inc. lifted its position in shares of BrightView by 5.6% in the 1st quarter. Bessemer Group Inc. now owns 1,879,712 shares of the company’s stock worth $22,162,000 after purchasing an additional 99,103 shares during the period. Finally, Punch & Associates Investment Management Inc. acquired a new position in shares of BrightView in the 2nd quarter worth approximately $16,778,000. 92.41% of the stock is owned by institutional investors and hedge funds.

BrightView Company Profile

BrightView Holdings, Inc (NYSE: BV) is a provider of commercial landscaping services in the United States. Through its maintenance operations, the company helps businesses, government facilities, sports venues, education campuses, healthcare properties and other organizations manage and maintain outdoor spaces.

BrightView’s services include landscape design and development, ongoing landscape maintenance, tree care, irrigation management, water conservation and snow and ice removal. Its landscape development work can include the installation of plants, turf, hardscapes, irrigation systems and other outdoor features, while its maintenance services are intended to support the appearance, health and functionality of managed properties.

The company was formed in 2014 through the combination of Brickman and ValleyCrest, two established landscaping businesses, and became a publicly traded company in 2018.