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

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

Other research analysts have also issued research reports about the company. Zacks Research lowered BrightView from a “hold” rating to a “strong sell” rating in a research report on Tuesday, July 14th. Oppenheimer initiated coverage on BrightView in a research report on Wednesday, June 17th. They issued an “outperform” rating and a $17.00 target price on the stock. Weiss Ratings reissued a “sell (d+)” rating on shares of BrightView in a research note on Friday, July 31st. Morgan Stanley cut 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. Finally, BTIG Research reaffirmed a “buy” rating and issued a $16.00 price objective on shares of BrightView in a research note on Monday, May 11th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, two have assigned a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $14.10.

BrightView Stock Up 4.3%

BV stock opened at $11.41 on Friday. The business’s 50-day moving average price is $13.44 and its 200-day moving average price is $12.94. The stock has a market cap of $1.06 billion, a P/E ratio of -45.64 and a beta of 1.18. The company has a quick ratio of 1.23, a current ratio of 1.28 and a debt-to-equity ratio of 0.71. BrightView has a twelve month low of $10.42 and a twelve month high of $15.82.

BrightView (NYSE:BV) last issued its earnings results 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 during 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%.The company’s quarterly revenue was up 1.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.30 EPS. On average, equities research analysts forecast that BrightView will post 0.56 EPS for the current year.

Insider Buying and Selling at BrightView

In other BrightView news, Director William L. Cornog purchased 50,000 shares of BrightView stock in a transaction dated Thursday, August 6th. The stock was acquired at an average price of $11.25 per share, for a total transaction of $562,500.00. Following the acquisition, the director owned 70,000 shares in the company, valued at $787,500. This trade represents a 250.00% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.80% of the stock is owned by insiders.

Institutional Investors Weigh In On BrightView

Several institutional investors have recently bought and sold shares of BV. ProShare Advisors LLC boosted its stake in BrightView by 6.9% in the 4th quarter. ProShare Advisors LLC now owns 13,138 shares of the company’s stock worth $166,000 after purchasing an additional 848 shares in the last quarter. Creative Planning increased its stake in BrightView by 3.9% during the 2nd quarter. Creative Planning now owns 22,841 shares of the company’s stock valued at $380,000 after purchasing an additional 858 shares in the last quarter. Redmond Asset Management LLC raised its holdings in shares of BrightView by 0.7% in the fourth quarter. Redmond Asset Management LLC now owns 173,716 shares of the company’s stock worth $2,201,000 after buying an additional 1,238 shares during the last quarter. Swiss National Bank raised its holdings in shares of BrightView by 1.3% in the fourth quarter. Swiss National Bank now owns 140,400 shares of the company’s stock worth $1,779,000 after buying an additional 1,800 shares during the last quarter. Finally, The Manufacturers Life Insurance Company raised its holdings in shares of BrightView by 6.3% in the second quarter. The Manufacturers Life Insurance Company now owns 32,709 shares of the company’s stock worth $545,000 after buying an additional 1,937 shares during the last quarter. 92.41% of the stock is currently owned by institutional investors and hedge funds.

About BrightView

BrightView Inc (NYSE:BV) is a leading commercial landscaping services company in the United States, offering a comprehensive suite of outdoor asset management solutions. The company’s core business activities include landscape maintenance, development and enhancement services tailored to a wide array of clients such as corporate campuses, healthcare facilities, multi-family residential properties, retail centers and municipalities.

BrightView’s service portfolio covers routine grounds maintenance, landscape construction and design-build, irrigation system installation and management, tree care, seasonal color programs and snow and ice management.