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 published on Saturday morning,Wall Street Zen reports.

A number of other brokerages have also recently weighed in on BV. Morgan Stanley dropped their price target on shares of BrightView from $12.50 to $11.50 and set an “equal weight” rating for the company in a research report on Tuesday, October 13th. Zacks Research raised shares of BrightView from a “strong sell” rating to a “hold” rating in a research report on Monday, October 5th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of BrightView in a research report on Thursday, October 29th. Finally, Robert W. Baird set a $14.00 price target on BrightView in a research report on Wednesday, August 5th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $13.93.

BrightView Trading Up 1.3%

NYSE BV opened at $11.82 on Friday. The firm’s 50-day moving average is $10.86 and its two-hundred day moving average is $12.29. BrightView has a 12 month low of $9.81 and a 12 month 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 $1.10 billion, a P/E ratio of -47.28, a PEG ratio of 1.54 and a beta of 1.16.

Hedge Funds Weigh In On BrightView

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Public Employees Retirement System of Ohio purchased a new stake in shares of BrightView during the second quarter worth approximately $41,000. Ethic Inc. purchased a new position in BrightView in the third quarter worth approximately $113,000. CenterBook Partners LP purchased a new position in BrightView in the third quarter worth approximately $126,000. Bfsg LLC grew its holdings in BrightView by 234.3% during the 3rd quarter. Bfsg LLC now owns 13,320 shares of the company’s stock worth $133,000 after acquiring an additional 9,335 shares in the last quarter. Finally, Janney Montgomery Scott LLC acquired a new position in BrightView during the 1st quarter worth approximately $145,000. 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.