BrightView (NYSE:BV) Stock Gets Price Target Trim from Robert W. Baird

BrightView (NYSE:BV) had its price objective reduced by equities researchers at Robert W. Baird from $14.00 to $12.00 in a report released on Wednesday, Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Robert W. Baird‘s target price would indicate a potential upside of 5.47% from the stock’s current price.

BV has been the topic of a number of other reports. Weiss Ratings reissued a “sell (d+)” rating on shares of BrightView in a research note on Thursday, October 29th. Wall Street Zen cut shares of BrightView from a “hold” rating to a “sell” rating in a research report on Saturday. Zacks Research raised shares of BrightView from a “strong sell” rating to a “hold” rating in a report on Monday, October 5th. Finally, Morgan Stanley lowered their price target on shares of BrightView from $12.50 to $11.50 and set an “equal weight” rating on the stock in a research report on Tuesday, October 13th. 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 issued a Sell rating to the company. According to MarketBeat.com, BrightView presently has an average rating of “Hold” and a consensus price target of $13.60.

BrightView Stock Down 4.0%

BV opened at $11.38 on Wednesday. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.28 and a current ratio of 1.28. The company has a market cap of $1.06 billion, a price-to-earnings ratio of -45.51, a PEG ratio of 1.53 and a beta of 1.16. BrightView has a one year low of $9.81 and a one year high of $15.00. The business’s fifty day moving average is $10.87 and its two-hundred day moving average is $12.28.

BrightView (NYSE:BV) last announced its quarterly earnings results on Tuesday, November 10th. The company reported $0.18 earnings per share for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.08). The firm had revenue of $677.30 million during the quarter, compared to analysts’ expectations of $723.76 million. BrightView had a net margin of 0.74% and a return on equity of 5.03%. The company’s quarterly revenue was down 3.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.27 EPS. Analysts anticipate that BrightView will post 0.40 EPS for the current fiscal year.

Institutional Trading of BrightView

Large investors have recently made changes to their positions in the stock. Public Employees Retirement System of Ohio purchased a new stake in BrightView during the 2nd quarter worth about $41,000. Bfsg LLC boosted its stake in shares of BrightView by 234.3% during the 3rd quarter. Bfsg LLC now owns 13,320 shares of the company’s stock worth $133,000 after purchasing an additional 9,335 shares during the last quarter. Ethic Inc. acquired a new stake in shares of BrightView during the 3rd quarter worth about $113,000. Janney Montgomery Scott LLC acquired a new stake in shares of BrightView during the 1st quarter worth about $145,000. Finally, Mcmorgan & Co. LLC purchased a new stake in shares of BrightView during the second quarter worth about $176,000. Institutional investors and hedge funds own 92.41% of the company’s stock.

About BrightView

BrightView Holdings, Inc. provides commercial landscaping services in the United States. Its services include landscape maintenance, design and development, enhancements, and tree care for properties such as corporate campuses, residential communities, and public spaces. The company also provides snow and ice management and related services to help clients maintain their properties throughout the year. BrightView was formed in 2014 through the combination of landscaping businesses Brickman and ValleyCrest.