BrightView (NYSE:BV) Upgraded to Hold at Zacks Research

Zacks Research upgraded shares of BrightView (NYSE:BV) from a strong sell rating to a hold rating in a research note released on Monday,Zacks reports.

A number of other analysts have also commented on BV. Morgan Stanley lowered their price objective on BrightView from $14.00 to $12.50 and set an “equal weight” rating for the company in a research report on Thursday, August 6th. Robert W. Baird set a $14.00 target price on shares of BrightView in a research note on Wednesday, August 5th. Weiss Ratings reiterated a “sell (d+)” rating on shares of BrightView in a research report on Friday, July 31st. Wall Street Zen upgraded shares of BrightView from a “sell” rating to a “hold” rating in a report on Saturday, September 12th. Finally, Oppenheimer assumed coverage on shares of BrightView in a research note on Wednesday, June 17th. They issued an “outperform” rating and a $17.00 price objective on the stock. One 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’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $14.10.

BrightView Stock Performance

BV stock opened at $10.47 on Monday. The company has a 50 day moving average price of $11.19 and a 200 day moving average price of $12.27. BrightView has a fifty-two week low of $9.81 and a fifty-two week high of $15.00. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.28 and a quick ratio of 1.28. The stock has a market capitalization 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 (NYSE:BV) last announced its quarterly earnings data on Tuesday, August 4th. The company reported $0.17 EPS for the quarter, missing analysts’ consensus estimates 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 net margin of 0.74% and a return on equity of 5.03%. The firm’s quarterly revenue was up 1.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.30 earnings per share. Analysts forecast that BrightView will post 0.4 EPS for the current year.

Insider Activity

In related news, Director William Cornog purchased 50,000 shares of the stock in a transaction dated Thursday, August 6th. The stock was bought at an average cost of $11.25 per share, with a total value of $562,500.00. Following the purchase, the director directly owned 70,000 shares in the company, valued at $787,500. The trade was a 250.00% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this link. Insiders own 2.80% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of BV. Empowered Funds LLC bought a new stake in shares of BrightView in the second quarter worth about $6,189,000. Bank of New York Mellon Corp acquired a new stake in shares of BrightView during the second quarter worth $3,952,000. BlackRock Inc. acquired a new stake in shares of BrightView in the 2nd quarter valued at about $80,091,000. Rice Hall James & Associates LLC acquired a new stake in BrightView in the 2nd quarter valued at approximately $3,126,000. Finally, Algert Global LLC raised its holdings in shares of BrightView by 1,141.5% in the second quarter. Algert Global LLC now owns 476,749 shares of the company’s stock valued at $6,756,000 after purchasing an additional 438,349 shares during the last quarter. Institutional investors and hedge funds 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.