BrightView (NYSE:BV) Upgraded at Wall Street Zen

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

A number of other research analysts also recently issued reports on the company. Robert W. Baird set a $14.00 price objective on BrightView in a research note on Wednesday, August 5th. Zacks Research cut BrightView from a “hold” rating to a “strong sell” rating in a research note on Tuesday, July 14th. Weiss Ratings reiterated a “sell (d+)” rating on shares of BrightView in a report on Friday, July 31st. Morgan Stanley dropped their price target on BrightView from $14.00 to $12.50 and set an “equal weight” rating on the stock in a research note on Thursday, August 6th. Finally, Oppenheimer assumed coverage on BrightView in a report on Wednesday, June 17th. They set an “outperform” rating and a $17.00 price target on the stock. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, two have given a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, BrightView has a consensus rating of “Hold” and an average price target of $14.10.

BrightView Price Performance

BrightView stock opened at $11.27 on Friday. The stock’s 50 day moving average is $12.42 and its 200 day moving average is $12.54. 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 firm has a market cap of $1.05 billion, a P/E ratio of -45.07, a P/E/G ratio of 1.86 and a beta of 1.17. BrightView has a one year low of $10.42 and a one year high of $15.00.

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

Insider Activity at BrightView

In other BrightView news, Director William Cornog purchased 50,000 shares of BrightView stock in a transaction that occurred on Thursday, August 6th. The stock was acquired at an average price of $11.25 per share, with a total value of $562,500.00. Following the transaction, the director owned 70,000 shares in the company, valued at $787,500. This trade represents a 250.00% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.80% of the stock is currently owned by corporate insiders.

Institutional Trading of BrightView

Several institutional investors and hedge funds have recently modified their holdings of BV. ProShare Advisors LLC lifted its stake in BrightView by 6.9% during the 4th quarter. ProShare Advisors LLC now owns 13,138 shares of the company’s stock valued at $166,000 after acquiring an additional 848 shares in the last quarter. Redmond Asset Management LLC grew its stake in shares of BrightView by 0.7% in the 4th quarter. Redmond Asset Management LLC now owns 173,716 shares of the company’s stock worth $2,201,000 after acquiring an additional 1,238 shares in the last quarter. Public Employees Retirement System of Ohio purchased a new stake in shares of BrightView in the second quarter valued at about $41,000. Inspire Investing LLC raised its holdings in shares of BrightView by 17.8% in the first quarter. Inspire Investing LLC now owns 43,556 shares of the company’s stock valued at $514,000 after purchasing an additional 6,583 shares during the last quarter. Finally, Anchor Capital Advisors LLC lifted its position in shares of BrightView by 9.9% during the fourth quarter. Anchor Capital Advisors LLC now owns 76,665 shares of the company’s stock valued at $971,000 after purchasing an additional 6,888 shares in the last quarter. 92.41% of the stock is owned by hedge funds and other institutional investors.

BrightView Company Profile

BrightView Holdings, Inc provides commercial landscaping services in the United States. The company serves businesses, municipalities, educational institutions, healthcare facilities, homeowners’ associations, sports and entertainment venues, and other organizations that require landscape management and related outdoor services.

Its services include landscape maintenance, landscape design and development, irrigation installation and management, tree care, water management, and snow and ice removal.