BrightView (NYSE:BV) Cut to Sell at Wall Street Zen

Wall Street Zen cut shares of BrightView (NYSE:BV) from a hold rating to a sell rating in a research note issued to investors on Saturday,Wall Street Zen reports.

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 Friday, July 31st. Oppenheimer started coverage on BrightView in a research note on Wednesday, June 17th. They set an “outperform” rating and a $17.00 target price for the company. Morgan Stanley reduced their target price on BrightView from $14.00 to $12.50 and set an “equal weight” rating on the stock in a report on Thursday, August 6th. Zacks Research raised BrightView from a “strong sell” rating to a “hold” rating in a report on Monday, October 5th. Finally, Robert W. Baird set a $14.00 price target on BrightView in a research note on Wednesday, August 5th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $14.10.

BrightView Stock Up 1.0%

Shares of NYSE BV opened at $10.78 on Friday. The stock has a market capitalization of $1.00 billion, a P/E ratio of -43.12, a PEG ratio of 1.37 and a beta of 1.20. The stock’s fifty day moving average is $10.97 and its 200 day moving average is $12.24. BrightView has a 52 week low of $9.81 and a 52 week high of $15.00. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.28 and a current ratio of 1.28.

BrightView (NYSE:BV) last posted its quarterly earnings data 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 for 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 revenue for the quarter was up 1.3% compared to the same quarter last year. During the same period in the prior year, the company earned $0.30 EPS. Sell-side analysts forecast that BrightView will post 0.40 earnings per share for the current fiscal year.

Insider Buying and Selling at BrightView

In related news, Director William Cornog purchased 50,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 6th. The shares were bought at an average cost of $11.25 per share, with a total value of $562,500.00. Following the acquisition, the director owned 70,000 shares of the company’s stock, valued at $787,500. This trade represents a 250.00% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 2.80% of the company’s stock.

Hedge Funds Weigh In On BrightView

Several institutional investors and hedge funds have recently added to or reduced their stakes in BV. Public Employees Retirement System of Ohio acquired a new position in shares of BrightView in the second quarter valued at approximately $41,000. Inspire Investing LLC boosted its position in BrightView by 17.8% during the 1st quarter. Inspire Investing LLC now owns 43,556 shares of the company’s stock worth $514,000 after buying an additional 6,583 shares during the period. Janney Montgomery Scott LLC acquired a new stake in BrightView during the 1st quarter worth approximately $145,000. Mcmorgan & Co. LLC acquired a new stake in BrightView during the 2nd quarter worth approximately $176,000. Finally, Sequoia Financial Advisors LLC acquired a new stake in BrightView during the 2nd quarter worth approximately $182,000. 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.