BrightView (NYSE:BV) Stock Rating Lowered by Zacks Research

BrightView (NYSE:BV) was downgraded by equities research analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research report issued to clients and investors on Tuesday,Zacks.com reports.

Several other research firms also recently commented on BV. JPMorgan Chase & Co. raised BrightView from an “underweight” rating to a “neutral” rating and increased their price objective for the company from $13.00 to $14.00 in a report on Thursday, May 7th. Weiss Ratings restated a “sell (d+)” rating on shares of BrightView in a report on Monday, May 4th. Oppenheimer assumed coverage on shares of BrightView in a research report on Wednesday, June 17th. They set an “outperform” rating and a $17.00 price target on the stock. Finally, BTIG Research reiterated a “buy” rating and issued a $16.00 price target on shares of BrightView in a research note on Monday, May 11th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, two have issued a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, BrightView currently has an average rating of “Hold” and a consensus target price of $14.52.

BrightView Trading Up 0.5%

NYSE BV opened at $14.41 on Tuesday. The firm has a market cap of $1.34 billion, a P/E ratio of -205.93 and a beta of 1.17. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.23 and a quick ratio of 1.23. The stock’s 50-day moving average is $13.20 and its 200-day moving average is $12.88. BrightView has a one year low of $11.06 and a one year high of $16.52.

BrightView (NYSE:BV) last posted its quarterly earnings data on Tuesday, May 5th. The company reported $0.09 earnings per share for the quarter, topping the consensus estimate of $0.08 by $0.01. BrightView had a return on equity of 7.25% and a net margin of 1.70%.The company had revenue of $702.90 million during the quarter, compared to analysts’ expectations of $638.80 million. During the same period in the prior year, the firm earned $0.14 earnings per share. BrightView’s revenue for the quarter was up 6.1% compared to the same quarter last year. Sell-side analysts anticipate that BrightView will post 0.56 earnings per share for the current fiscal year.

Institutional Trading of BrightView

A number of institutional investors and hedge funds have recently made changes to their positions in BV. Private Management Group Inc. acquired a new position in BrightView during the fourth quarter valued at approximately $7,468,000. Two Sigma Investments LP increased its stake in shares of BrightView by 1,964.7% in the 3rd quarter. Two Sigma Investments LP now owns 568,466 shares of the company’s stock valued at $7,617,000 after purchasing an additional 540,933 shares during the last quarter. Millennium Management LLC increased its stake in shares of BrightView by 54.2% in the 1st quarter. Millennium Management LLC now owns 1,456,682 shares of the company’s stock valued at $18,704,000 after purchasing an additional 512,098 shares during the last quarter. Pillsbury Lake Capital LLC acquired a new position in shares of BrightView during the 4th quarter worth $6,208,000. Finally, Northwestern Mutual Wealth Management Co. raised its holdings in shares of BrightView by 106.8% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 872,968 shares of the company’s stock worth $11,061,000 after buying an additional 450,831 shares in the last quarter. Institutional investors own 92.41% of the company’s stock.

BrightView Company Profile

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.