BrightView (NYSE:BV) Stock Rating Upgraded by Zacks Research

BrightView (NYSE:BV) was upgraded by stock analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a report issued on Monday, Zacks reports.

A number of other equities analysts also recently commented on the stock. Oppenheimer began coverage on shares of BrightView in a research note on Wednesday, June 17th. They issued an “outperform” rating and a $17.00 price objective for the company. Wall Street Zen raised BrightView from a “sell” rating to a “hold” rating in a research report on Saturday, September 12th. Weiss Ratings restated a “sell (d+)” rating on shares of BrightView in a research note on Friday, July 31st. Robert W. Baird set a $14.00 price objective on BrightView in a research report on Wednesday, August 5th. Finally, Morgan Stanley reduced their target price on shares of BrightView from $14.00 to $12.50 and set an “equal weight” rating for the company in a report on Thursday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, three have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $14.10.

BrightView Trading Up 2.7%

Shares of NYSE BV opened at $10.47 on Monday. 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 business has a fifty day simple moving average of $11.19 and a two-hundred day simple moving average of $12.27. The firm has a market cap of $976.27 million, a PE ratio of -41.90, a price-to-earnings-growth ratio of 1.31 and a beta of 1.20. BrightView has a twelve month low of $9.81 and a twelve month high of $15.00.

BrightView (NYSE:BV) last announced its quarterly 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 firm had revenue of $717.60 million for the quarter, compared to analysts’ expectations of $726.13 million. BrightView had a net margin of 0.74% and a return on equity of 5.03%. The business’s quarterly revenue was up 1.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.30 EPS. Analysts expect that BrightView will post 0.4 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director William Cornog acquired 50,000 shares of BrightView stock in a transaction on Thursday, August 6th. The stock was bought at an average cost of $11.25 per share, for a total transaction of $562,500.00. Following the completion of the transaction, 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 acquisition was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 2.80% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio purchased a new position in BrightView in the 2nd quarter valued at approximately $41,000. Inspire Investing LLC grew its stake in BrightView by 17.8% during the 1st quarter. Inspire Investing LLC now owns 43,556 shares of the company’s stock worth $514,000 after purchasing an additional 6,583 shares in the last quarter. Janney Montgomery Scott LLC purchased a new stake in BrightView during the 1st quarter worth about $145,000. Mcmorgan & Co. LLC acquired a new stake in BrightView in the 2nd quarter valued at about $176,000. Finally, Sequoia Financial Advisors LLC purchased a new position in shares of BrightView in the 2nd quarter valued at about $182,000. Hedge funds and other institutional investors own 92.41% of the company’s stock.

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.