BrightView (NYSE:BV) Stock Dropped to “Sell” by Wall Street Zen

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

Several other equities analysts also recently issued reports on the stock. Morgan Stanley reduced their price target 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. Weiss Ratings reiterated a “sell (d+)” rating on shares of BrightView in a research report on Friday, July 31st. Oppenheimer assumed coverage on shares of BrightView in a research note on Wednesday, June 17th. They set an “outperform” rating and a $17.00 target price for the company. Robert W. Baird set a $14.00 price target on shares of BrightView in a research note on Wednesday, August 5th. Finally, Zacks Research raised BrightView from a “strong sell” rating to a “hold” rating in a report on Monday, October 5th. One equities 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 given a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $14.10.

BrightView Stock Up 2.2%

NYSE:BV opened at $10.70 on Friday. The firm has a market capitalization 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. The stock has a 50 day moving average of $11.03 and a 200-day moving average of $12.24. BrightView has a 52 week low of $9.81 and a 52 week high of $15.00. 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 (NYSE:BV) last announced its quarterly earnings results on Tuesday, August 4th. The company reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.29 by ($0.12). BrightView had a return on equity of 5.03% and a net margin of 0.74%. The company had revenue of $717.60 million during the quarter, compared to the consensus estimate of $726.13 million. During the same period last year, the business posted $0.30 EPS. The company’s revenue for the quarter was up 1.3% on a year-over-year basis. Analysts predict that BrightView will post 0.40 EPS for the current year.

Insider Buying and Selling at BrightView

In related news, Director William Cornog acquired 50,000 shares of BrightView stock in a transaction that occurred 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 completion of the acquisition, the director directly owned 70,000 shares of the company’s stock, valued at $787,500. This trade represents a 250.00% increase in their position. The acquisition 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 corporate insiders.

Hedge Funds Weigh In On BrightView

Institutional investors and hedge funds have recently bought and sold shares of the stock. BlackRock Inc. bought a new stake in shares of BrightView during the 2nd quarter worth about $80,091,000. Dimensional Fund Advisors LP raised its holdings in shares of BrightView by 3.8% in 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 in the last quarter. Van Berkom & Associates Inc. increased its holdings in shares of BrightView by 3.7% in the first quarter. Van Berkom & Associates Inc. now owns 5,038,617 shares of the company’s stock valued at $59,405,000 after buying an additional 179,757 shares in the last quarter. Bessemer Group Inc. raised its position 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 worth $22,162,000 after purchasing an additional 99,103 shares during the period. Finally, Punch & Associates Investment Management Inc. acquired a new stake in BrightView during the 2nd quarter worth about $16,778,000. 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.