BrightView (NYSE:BV) Reaches New 1-Year Low – What’s Next?

BrightView Holdings, Inc. (NYSE:BV) shares reached a new 52-week low during mid-day trading on Wednesday . The company traded as low as $10.39 and last traded at $10.3750, with a volume of 57286 shares. The stock had previously closed at $10.67.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Oppenheimer started coverage on shares of BrightView in a research report on Wednesday, June 17th. They issued an “outperform” rating and a $17.00 target price on the stock. Zacks Research downgraded shares of BrightView from a “hold” rating to a “strong sell” rating in a research note on Tuesday, July 14th. Wall Street Zen raised BrightView from a “sell” rating to a “hold” rating in a research report on Saturday, September 12th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of BrightView in a research report on Friday, July 31st. Finally, Morgan Stanley dropped their target price on BrightView from $14.00 to $12.50 and set an “equal weight” rating on the stock in a report on Thursday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, two have assigned a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, BrightView has a consensus rating of “Hold” and an average target price of $14.10.

BrightView Trading Down 4.0%

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 firm has a market cap of $955.02 million, a PE ratio of -41.10, a price-to-earnings-growth ratio of 1.76 and a beta of 1.17. The stock has a 50-day simple moving average of $12.00 and a two-hundred day simple moving average of $12.41.

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

Insider Buying and Selling

In other news, Director William Cornog bought 50,000 shares of the stock in a transaction on Thursday, August 6th. The shares were bought at an average price of $11.25 per share, with a total value of $562,500.00. Following the completion of the acquisition, the director owned 70,000 shares in the company, valued at $787,500. The trade was a 250.00% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 2.80% of the company’s stock.

Institutional Investors Weigh In On BrightView

Several hedge funds and other institutional investors have recently made changes to their positions in BV. Public Employees Retirement System of Ohio purchased a new position in shares of BrightView in the second quarter worth approximately $41,000. Janney Montgomery Scott LLC bought a new stake in BrightView during the first quarter valued at approximately $145,000. Mcmorgan & Co. LLC purchased a new stake in BrightView during the second quarter valued at approximately $176,000. Sequoia Financial Advisors LLC purchased a new stake in BrightView during the second quarter valued at approximately $182,000. Finally, ProShare Advisors LLC raised its position in BrightView by 6.9% in the fourth quarter. ProShare Advisors LLC now owns 13,138 shares of the company’s stock worth $166,000 after acquiring an additional 848 shares during the period. Hedge funds and other institutional investors own 92.41% of the company’s stock.

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.