BrightView (NYSE:BV) Rating Lowered to “Sell” at Wall Street Zen

BrightView (NYSE:BV) was downgraded by Wall Street Zen from a “hold” rating to a “sell” rating in a report issued on Saturday, Wall Street Zen reports.

BV has been the subject of a number of other reports. Morgan Stanley decreased their price objective on BrightView from $12.50 to $11.50 and set an “equal weight” rating for the company in a research note on Tuesday, October 13th. Robert W. Baird set a $14.00 target price on BrightView in a research note on Wednesday, August 5th. Zacks Research upgraded shares of BrightView from a “strong sell” rating to a “hold” rating in a report on Monday, October 5th. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of BrightView in a report on Thursday, October 29th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $13.93.

BrightView Stock Performance

Shares of BV stock opened at $11.66 on Friday. The firm has a market cap of $1.09 billion, a price-to-earnings ratio of -46.66, a PEG ratio of 1.50 and a beta of 1.16. BrightView has a 52-week low of $9.81 and a 52-week 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 is $10.85 and its 200 day moving average is $12.30.

Hedge Funds Weigh In On BrightView

A number of large investors have recently made changes to their positions in BV. Gagnon Advisors LLC purchased a new position in shares of BrightView in the 3rd quarter valued at approximately $3,865,000. Gagnon Securities LLC acquired a new stake in BrightView in the 3rd quarter worth approximately $7,484,000. Penn Capital Management Company LLC boosted its stake in BrightView by 29.1% in the 3rd quarter. Penn Capital Management Company LLC now owns 261,586 shares of the company’s stock worth $2,616,000 after purchasing an additional 58,892 shares in the last quarter. Van Berkom & Associates Inc. boosted its stake in BrightView by 3.4% in the 3rd quarter. Van Berkom & Associates Inc. now owns 5,185,923 shares of the company’s stock worth $51,859,000 after purchasing an additional 168,606 shares in the last quarter. Finally, Private Management Group Inc. grew its position in BrightView by 120.9% during the 3rd quarter. Private Management Group Inc. now owns 1,394,689 shares of the company’s stock worth $13,947,000 after purchasing an additional 763,382 shares during the last quarter. 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.