BrightView (NYSE:BV) Stock Rating Upgraded by Wall Street Zen

BrightView (NYSE:BV) was upgraded by analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research report issued on Saturday, Wall Street Zen reports.

Several other brokerages also recently commented on BV. Robert W. Baird set a $14.00 target price on shares of BrightView in a report on Wednesday, August 5th. Morgan Stanley lowered their price target on shares of BrightView from $12.50 to $11.50 and set an “equal weight” rating on the stock in a report on Tuesday, October 13th. Weiss Ratings reissued a “sell (d+)” rating on shares of BrightView in a report on Friday, July 31st. Finally, Zacks Research upgraded shares of BrightView from a “strong sell” rating to a “hold” rating in a research report on Monday, October 5th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, three have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, BrightView has a consensus rating of “Hold” and an average target price of $13.93.

BrightView Trading Up 0.0%

Shares of BrightView stock opened at $10.60 on Friday. 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 business has a fifty day simple moving average of $10.80 and a two-hundred day simple moving average of $12.17. BrightView has a 1 year low of $9.81 and a 1 year high of $15.00. The company has a market capitalization of $987.45 million, a price-to-earnings ratio of -42.38, a P/E/G ratio of 1.36 and a beta of 1.20.

BrightView (NYSE:BV) last released its quarterly earnings data on Tuesday, August 4th. The company reported $0.17 EPS for the quarter, missing the consensus estimate of $0.29 by ($0.12). The company had revenue of $717.60 million during the quarter, compared to analyst estimates of $726.13 million. BrightView had a net margin of 0.74% and a return on equity of 5.03%. BrightView’s revenue for the quarter was up 1.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.30 earnings per share. Research analysts forecast that BrightView will post 0.40 EPS for the current year.

Insider Transactions at BrightView

In other news, Director William Cornog acquired 50,000 shares of the firm’s stock in a transaction 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 acquisition, the director directly owned 70,000 shares in the company, valued at $787,500. This represents a 250.00% increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. 2.80% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in BV. BlackRock Inc. bought a new stake in shares of BrightView in the second quarter valued at about $80,091,000. Dimensional Fund Advisors LP grew its stake in shares of BrightView by 3.8% in the first quarter. Dimensional Fund Advisors LP now owns 5,268,756 shares of the company’s stock valued at $62,118,000 after acquiring an additional 192,376 shares in the last quarter. Van Berkom & Associates Inc. grew its stake in shares of BrightView by 3.7% in the first quarter. Van Berkom & Associates Inc. now owns 5,038,617 shares of the company’s stock valued at $59,405,000 after acquiring an additional 179,757 shares in the last quarter. Bessemer Group Inc. grew its stake in shares of BrightView by 5.6% in the first quarter. Bessemer Group Inc. now owns 1,879,712 shares of the company’s stock valued at $22,162,000 after acquiring an additional 99,103 shares in the last quarter. Finally, Punch & Associates Investment Management Inc. bought a new position in BrightView during the second quarter worth about $16,778,000. Institutional investors own 92.41% of the company’s stock.

About BrightView

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.