BrightView (NYSE:BV) Upgraded to “Hold” at Wall Street Zen

by · The Cerbat Gem

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

Other analysts have also recently issued research reports about the stock. Morgan Stanley dropped their price objective on shares of BrightView from $14.00 to $12.50 and set an “equal weight” rating for the company in a research note on Thursday, August 6th. Weiss Ratings reissued a “sell (d+)” rating on shares of BrightView in a research note on Friday, July 31st. Zacks Research cut BrightView from a “hold” rating to a “strong sell” rating in a report on Tuesday, July 14th. Oppenheimer began coverage on BrightView in a research report on Wednesday, June 17th. They issued an “outperform” rating and a $17.00 price target for the company. Finally, Robert W. Baird set a $14.00 price target on BrightView in a research report on Wednesday, August 5th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, two have issued a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, BrightView currently has a consensus rating of “Hold” and a consensus target price of $14.10.

Read Our Latest Research Report on BV

BrightView Trading Up 1.3%

Shares of BV opened at $11.14 on Friday. BrightView has a 52-week low of $10.42 and a 52-week high of $15.00. The stock has a market cap of $1.04 billion, a PE ratio of -44.58, a price-to-earnings-growth ratio of 1.86 and a beta of 1.17. The firm’s fifty day moving average is $12.49 and its two-hundred day moving average is $12.56. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.71.

BrightView (NYSE:BV – Get Free Report) last issued its earnings results on Tuesday, August 4th. The company reported $0.17 EPS for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.12). The business had revenue of $717.60 million during the quarter, compared to analyst estimates of $726.13 million. BrightView had a net margin of 0.74% and a return on equity of 5.03%. BrightView’s quarterly revenue was up 1.3% on a year-over-year basis. During the same quarter last year, the company earned $0.30 earnings per share. Research analysts forecast that BrightView will post 0.4 earnings per share for the current fiscal year.

Insider Buying and Selling

In other BrightView news, Director William Cornog acquired 50,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 6th. The shares were purchased at an average cost of $11.25 per share, for a total transaction of $562,500.00. Following the completion of the acquisition, the director owned 70,000 shares of the company’s stock, valued at approximately $787,500. The trade was a 250.00% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 2.80% of the company’s stock.

Institutional Investors Weigh In On BrightView

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Rice Hall James & Associates LLC purchased a new position in BrightView in the 2nd quarter valued at approximately $3,126,000. Bessemer Group Inc. grew its stake in shares of BrightView by 5.6% in the first quarter. Bessemer Group Inc. now owns 1,879,712 shares of the company’s stock worth $22,162,000 after acquiring an additional 99,103 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of BrightView by 3.8% during the first quarter. Dimensional Fund Advisors LP now owns 5,268,756 shares of the company’s stock worth $62,118,000 after acquiring an additional 192,376 shares during the period. Algert Global LLC increased its position in shares of BrightView by 1,141.5% during the second quarter. Algert Global LLC now owns 476,749 shares of the company’s stock worth $6,756,000 after acquiring an additional 438,349 shares during the period. Finally, BlackRock Inc. acquired a new stake in shares of BrightView in the second quarter valued at $80,091,000. Hedge funds and other institutional investors own 92.41% of the company’s stock.

About BrightView

(Get Free Report)

BrightView Holdings, Inc provides commercial landscaping services in the United States. The company serves businesses, municipalities, educational institutions, healthcare facilities, homeowners’ associations, sports and entertainment venues, and other organizations that require landscape management and related outdoor services.

Its services include landscape maintenance, landscape design and development, irrigation installation and management, tree care, water management, and snow and ice removal.

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