BrightView (NYSE:BV) Stock Gets Downgrade from Wall Street Zen

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

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

BrightView Price Performance

NYSE:BV opened at $10.70 on Friday. The firm has a market cap of $996.77 million, a PE ratio of -42.78, a price-to-earnings-growth ratio of 1.37 and a beta of 1.20. BrightView has a 12 month low of $9.81 and a 12 month high of $15.00. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.71. The company’s 50-day moving average price is $11.03 and its two-hundred day moving average price is $12.24.

BrightView (NYSE:BV) last issued 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 firm 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 period in the prior year, the company posted $0.30 earnings per share. On average, equities analysts anticipate that BrightView will post 0.40 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director William Cornog acquired 50,000 shares of the stock in a transaction on Thursday, August 6th. The stock was purchased at an average price of $11.25 per share, for a total transaction of $562,500.00. Following the transaction, the director owned 70,000 shares of the company’s stock, valued at $787,500. The trade was a 250.00% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 2.80% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On BrightView

A number of institutional investors have recently modified their holdings of the stock. BlackRock Inc. acquired a new stake in shares of BrightView in the 2nd quarter valued at $80,091,000. Dimensional Fund Advisors LP raised 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 last quarter. Van Berkom & Associates Inc. lifted its stake in shares of BrightView by 3.7% during the first quarter. Van Berkom & Associates Inc. now owns 5,038,617 shares of the company’s stock valued at $59,405,000 after acquiring an additional 179,757 shares during the period. Bessemer Group Inc. lifted its stake in shares of BrightView by 5.6% during the first quarter. Bessemer Group Inc. now owns 1,879,712 shares of the company’s stock valued at $22,162,000 after acquiring an additional 99,103 shares during the period. Finally, Punch & Associates Investment Management Inc. acquired a new position in shares of BrightView during the second quarter valued at $16,778,000. 92.41% of the stock is owned by institutional investors.

BrightView Company Profile

BrightView Holdings, Inc is a provider of commercial landscaping services in the United States. Through its operating businesses, the company designs, develops, maintains and enhances outdoor environments for commercial properties, residential communities, sports facilities, municipalities, educational institutions and other organizations.

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