BrightView (NYSE:BV) Upgraded to Hold at Wall Street Zen

Wall Street Zen upgraded shares of BrightView (NYSE:BV) from a sell rating to a hold rating in a research report released on Saturday morning,Wall Street Zen reports.

Several other analysts also recently issued reports on the company. Robert W. Baird set a $14.00 price objective on BrightView in a report on Wednesday, August 5th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of BrightView in a research note on Friday, July 31st. Zacks Research upgraded shares of BrightView from a “strong sell” rating to a “hold” rating in a report on Monday, October 5th. Finally, Morgan Stanley dropped their target price on shares of BrightView from $12.50 to $11.50 and set an “equal weight” rating on the stock in a research report on Tuesday, October 13th. One investment 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, the company currently has a consensus rating of “Hold” and an average target price of $13.93.

BrightView Stock Performance

Shares of NYSE BV opened at $10.60 on Friday. The stock’s fifty day simple moving average is $10.80 and its 200 day simple moving average is $12.16. The stock has a market capitalization of $987.45 million, a price-to-earnings ratio of -42.38, a PEG ratio of 1.36 and a beta of 1.20. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.71. BrightView has a 52-week low of $9.81 and a 52-week high of $15.00.

BrightView (NYSE:BV) last announced 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 for the quarter, compared to analyst estimates of $726.13 million. During the same period last year, the firm earned $0.30 earnings per share. The firm’s revenue for the quarter was up 1.3% on a year-over-year basis. As a group, sell-side analysts forecast that BrightView will post 0.40 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other BrightView news, Director William Cornog purchased 50,000 shares of the company’s stock in a transaction that occurred on Thursday, August 6th. The shares were purchased at an average cost of $11.25 per share, with a total value of $562,500.00. Following the completion of the transaction, the director owned 70,000 shares of the company’s stock, valued at approximately $787,500. This represents a 250.00% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. 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. Inspire Investing LLC increased its stake in BrightView by 31.8% in the 3rd quarter. Inspire Investing LLC now owns 63,317 shares of the company’s stock valued at $633,000 after buying an additional 15,262 shares during the period. Sequoia Financial Advisors LLC purchased a new stake in BrightView in the 2nd quarter worth approximately $182,000. Engineers Gate Manager LP lifted its position in BrightView by 118.9% in the 2nd quarter. Engineers Gate Manager LP now owns 34,800 shares of the company’s stock worth $493,000 after buying an additional 18,900 shares in the last quarter. Empowered Funds LLC acquired a new stake in shares of BrightView during the 2nd quarter valued at $6,189,000. Finally, AWH Capital L.P. acquired a new stake in shares of BrightView during the 2nd quarter valued at $6,022,250. Hedge funds and other institutional investors own 92.41% of the company’s stock.

BrightView Company Profile

BrightView Holdings, Inc (NYSE: BV) is a provider of commercial landscaping services in the United States. Through its maintenance operations, the company helps businesses, government facilities, sports venues, education campuses, healthcare properties and other organizations manage and maintain outdoor spaces.

BrightView’s services include landscape design and development, ongoing landscape maintenance, tree care, irrigation management, water conservation and snow and ice removal. Its landscape development work can include the installation of plants, turf, hardscapes, irrigation systems and other outdoor features, while its maintenance services are intended to support the appearance, health and functionality of managed properties.

The company was formed in 2014 through the combination of Brickman and ValleyCrest, two established landscaping businesses, and became a publicly traded company in 2018.