BrightView (NYSE:BV) Lowered to Strong Sell Rating by Zacks Research

BrightView (NYSE:BV) was downgraded by stock analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a report released on Tuesday,Zacks.com reports.

Other research analysts have also issued reports about the stock. BTIG Research restated a “buy” rating and issued a $16.00 price objective on shares of BrightView in a report on Monday, May 11th. JPMorgan Chase & Co. raised shares of BrightView from an “underweight” rating to a “neutral” rating and lifted their target price for the company from $13.00 to $14.00 in a research note on Thursday, May 7th. Oppenheimer started 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, Weiss Ratings reissued a “sell (d+)” rating on shares of BrightView in a research note on Monday, May 4th. One research 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 given a Sell rating to the company. Based on data from MarketBeat, BrightView has a consensus rating of “Hold” and an average price target of $14.52.

BrightView Price Performance

BV opened at $14.41 on Tuesday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.23 and a current ratio of 1.23. BrightView has a 52-week low of $11.06 and a 52-week high of $16.52. The stock has a market capitalization of $1.34 billion, a PE ratio of -205.93 and a beta of 1.17. The stock’s 50 day moving average price is $13.20 and its 200-day moving average price is $12.88.

BrightView (NYSE:BV) last announced its earnings results on Tuesday, May 5th. The company reported $0.09 EPS for the quarter, beating analysts’ consensus estimates 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 the consensus estimate of $638.80 million. During the same quarter in the prior year, the company earned $0.14 earnings per share. The firm’s revenue for the quarter was up 6.1% on a year-over-year basis. On average, equities research analysts predict that BrightView will post 0.56 EPS for the current year.

Institutional Trading of BrightView

Hedge funds have recently modified their holdings of the business. Royal Bank of Canada grew its position in shares of BrightView by 4.7% in the 1st quarter. Royal Bank of Canada now owns 699,959 shares of the company’s stock worth $8,988,000 after buying an additional 31,291 shares during the period. AQR Capital Management LLC lifted its position in BrightView by 75.9% during the 1st quarter. AQR Capital Management LLC now owns 209,995 shares of the company’s stock valued at $2,696,000 after acquiring an additional 90,627 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in BrightView by 7.1% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 35,443 shares of the company’s stock valued at $455,000 after acquiring an additional 2,349 shares during the period. Millennium Management LLC boosted its stake in BrightView by 54.2% during the first quarter. Millennium Management LLC now owns 1,456,682 shares of the company’s stock worth $18,704,000 after acquiring an additional 512,098 shares in the last quarter. Finally, Goldman Sachs Group Inc. boosted its stake in BrightView by 11.3% during the first quarter. Goldman Sachs Group Inc. now owns 1,658,306 shares of the company’s stock worth $21,293,000 after acquiring an additional 167,966 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.