BrightView (NYSE:BV) Stock Moved Up to "Hold" by Wall Street Zen

Key Points

• Wall Street Zen upgraded BrightView from “Sell” to “Hold,” bringing the broader analyst consensus to “Hold” with a consensus price target of $13.93.
• BrightView shares opened at $10.60, near the lower end of their 52-week range, while the stock’s 50-day and 200-day moving averages stood at $10.80 and $12.16, respectively.
• The company missed quarterly expectations, reporting $0.17 in EPS versus $0.29 expected and revenue of $717.6 million versus $726.13 million expected; however, revenue increased 1.3% year over year.

BrightView (NYSE:BV - Get Free Report) was upgraded by stock analysts at Wall Street Zen from a "sell" rating to a "hold" rating in a research note issued on Saturday, Wall Street Zen reports.

A number of other equities research analysts have also recently issued reports on the stock. Robert W. Baird set a $14.00 target price on shares of BrightView in a research report on Wednesday, August 5th. Morgan Stanley cut their target price on 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 upgraded BrightView from a "strong sell" rating to a "hold" rating in a research report on Monday, October 5th. Finally, Weiss Ratings reiterated a "sell (d+)" rating on shares of BrightView in a research report on Friday, July 31st. 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 given a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $13.93.

BrightView Stock Down 1.4%

NYSE:BV opened at $10.60 on Friday. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.71. The stock has a market cap of $987.45 million, a price-to-earnings ratio of -42.38, a PEG ratio of 1.38 and a beta of 1.20. BrightView has a 1 year low of $9.81 and a 1 year high of $15.00. The stock has a 50-day moving average price of $10.80 and a two-hundred day moving average price of $12.16.

BrightView (NYSE:BV - Get Free Report) last released its quarterly earnings results on Tuesday, August 4th. The company reported $0.17 earnings per share for the quarter, missing analysts' consensus estimates of $0.29 by ($0.12). The firm had revenue of $717.60 million for the quarter, compared to analyst estimates of $726.13 million. BrightView had a return on equity of 5.03% and a net margin of 0.74%. The company's revenue was up 1.3% compared to the same quarter last year. During the same period last year, the company earned $0.30 EPS. As a group, equities analysts expect that BrightView will post 0.40 earnings per share for the current year.

Insider Buying and Selling

In related news, Director William Cornog acquired 50,000 shares of the business's stock in a transaction that occurred on Thursday, August 6th. The shares were bought at an average cost of $11.25 per share, with a total value of $562,500.00. Following the completion of the purchase, the director directly 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 purchase was disclosed in a document filed with the SEC, which is available at this link. Insiders own 2.80% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. Public Employees Retirement System of Ohio acquired a new stake in shares of BrightView in the 2nd quarter valued at about $41,000. Janney Montgomery Scott LLC purchased a new stake in BrightView in the 1st quarter worth about $145,000. Mcmorgan & Co. LLC purchased a new stake in BrightView during the 2nd quarter worth about $176,000. Sequoia Financial Advisors LLC bought a new position in shares of BrightView in the second quarter valued at approximately $182,000. Finally, Amundi purchased a new position in BrightView during the first quarter worth about $234,000. 92.41% of the stock is owned by institutional investors.

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.

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