BrightView (NYSE:BV) Upgraded at Zacks Research

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

A number of other equities analysts have also recently weighed in on BV. Robert W. Baird set a $14.00 price target on BrightView in a research note on Wednesday, August 5th. Oppenheimer initiated coverage on shares of BrightView in a research note on Wednesday, June 17th. They set an “outperform” rating and a $17.00 price objective for the company. Morgan Stanley decreased their target price on shares of BrightView from $14.00 to $12.50 and set an “equal weight” rating for the company in a report on Thursday, August 6th. Wall Street Zen raised shares of BrightView from a “sell” rating to a “hold” rating in a research report on Saturday, September 12th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of BrightView in a report on Friday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $14.10.

BrightView Price Performance

Shares of NYSE:BV opened at $10.40 on Monday. The company has a market capitalization of $969.00 million, a PE ratio of -41.59, a price-to-earnings-growth ratio of 1.35 and a beta of 1.20. 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 stock has a fifty day moving average of $11.13 and a 200-day moving average of $12.26. BrightView has a one year low of $9.81 and a one year high of $15.00.

BrightView (NYSE:BV) last issued its earnings results on Tuesday, August 4th. The company reported $0.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.12). BrightView had a return on equity of 5.03% and a net margin of 0.74%.The company had revenue of $717.60 million during the quarter, compared to analyst estimates of $726.13 million. During the same quarter in the previous year, the firm earned $0.30 earnings per share. The business’s revenue was up 1.3% compared to the same quarter last year. As a group, equities analysts anticipate that BrightView will post 0.4 EPS for the current fiscal year.

Insider Transactions at BrightView

In other BrightView news, Director William Cornog acquired 50,000 shares of BrightView stock in a transaction that occurred on Thursday, August 6th. The stock was purchased at an average cost of $11.25 per share, with a total value of $562,500.00. Following the purchase, the director owned 70,000 shares in the company, valued at approximately $787,500. The trade was a 250.00% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 2.80% of the company’s stock.

Hedge Funds Weigh In On BrightView

Several institutional investors and hedge funds have recently bought and sold shares of the business. Sequoia Financial Advisors LLC purchased a new stake in shares of BrightView in the second quarter worth approximately $182,000. Engineers Gate Manager LP grew its position in BrightView by 118.9% during the second quarter. Engineers Gate Manager LP now owns 34,800 shares of the company’s stock valued at $493,000 after purchasing an additional 18,900 shares in the last quarter. Empowered Funds LLC purchased a new position in BrightView during the second quarter valued at approximately $6,189,000. AWH Capital L.P. acquired a new position in BrightView in the 2nd quarter valued at approximately $6,022,250. Finally, Public Employees Retirement System of Ohio acquired a new position in BrightView in the 2nd quarter valued at approximately $41,000. Hedge funds and other 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.