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

Key Points

• BrightView's stock has been downgraded to a strong sell rating by Zacks Research, reflecting a negative outlook from analysts.
• In its latest earnings report, BrightView missed analysts' expectations by $0.02, reporting earnings per share of $0.30 against a forecast of $0.32.
• The company experienced a 4.1% decline in revenue compared to the previous year, with total revenue reported at $708.30 million for the quarter.

BrightView (NYSE:BV - Get Free Report) was downgraded by stock analysts at Zacks Research from a "hold" rating to a "strong sell" rating in a research report issued to clients and investors on Monday,Zacks.com reports.

Other research analysts have also issued reports about the company. Loop Capital cut their price target on BrightView from $21.00 to $20.00 and set a "buy" rating for the company in a report on Thursday, July 3rd. Weiss Ratings reiterated a "hold (c-)" rating on shares of BrightView in a report on Saturday, September 27th. Robert W. Baird cut their price target on BrightView from $20.00 to $19.00 and set an "outperform" rating for the company in a report on Wednesday, July 2nd. Finally, Wall Street Zen lowered BrightView from a "buy" rating to a "hold" rating in a report on Saturday, August 9th. Four investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $17.98.

BrightView Price Performance

NYSE:BV opened at $13.18 on Monday. The business's 50-day moving average price is $14.33 and its 200 day moving average price is $14.75. The firm has a market cap of $1.25 billion, a P/E ratio of 439.20 and a beta of 1.26. BrightView has a 52-week low of $11.81 and a 52-week high of $18.89. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 0.62.

BrightView (NYSE:BV - Get Free Report) last issued its quarterly earnings results on Wednesday, August 6th. The company reported $0.30 earnings per share for the quarter, missing analysts' consensus estimates of $0.32 by ($0.02). BrightView had a return on equity of 8.76% and a net margin of 2.00%.The company had revenue of $708.30 million during the quarter, compared to analysts' expectations of $763.43 million. During the same period in the prior year, the business posted $0.32 EPS. The company's revenue for the quarter was down 4.1% compared to the same quarter last year. As a group, sell-side analysts predict that BrightView will post 0.73 earnings per share for the current fiscal year.

Insider Activity

In other news, EVP Amanda Marie Orders sold 70,000 shares of the company's stock in a transaction on Monday, August 25th. The stock was sold at an average price of $14.78, for a total transaction of $1,034,600.00. Following the transaction, the executive vice president owned 38,446 shares of the company's stock, valued at $568,231.88. This represents a 64.55% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 2.20% of the stock is owned by company insiders.

Hedge Funds Weigh In On BrightView

Large investors have recently made changes to their positions in the company. IFP Advisors Inc lifted its stake in shares of BrightView by 54.2% during the second quarter. IFP Advisors Inc now owns 2,385 shares of the company's stock valued at $40,000 after acquiring an additional 838 shares during the period. CWM LLC lifted its stake in BrightView by 58.7% in the first quarter. CWM LLC now owns 3,418 shares of the company's stock valued at $44,000 after buying an additional 1,264 shares during the period. BNP Paribas Financial Markets lifted its stake in BrightView by 66.8% in the second quarter. BNP Paribas Financial Markets now owns 5,591 shares of the company's stock valued at $93,000 after buying an additional 2,240 shares during the period. Tower Research Capital LLC TRC lifted its stake in BrightView by 225.8% in the second quarter. Tower Research Capital LLC TRC now owns 5,640 shares of the company's stock valued at $94,000 after buying an additional 3,909 shares during the period. Finally, GAMMA Investing LLC lifted its stake in BrightView by 933.1% in the first quarter. GAMMA Investing LLC now owns 8,089 shares of the company's stock valued at $104,000 after buying an additional 7,306 shares during the period. Institutional investors and hedge funds own 92.41% of the company's stock.

BrightView Company Profile

BrightView Holdings, Inc, through its subsidiaries, provides commercial landscaping services in the United States. It operates through two segments, Maintenance Services and Development Services. The Maintenance Services segment delivers a suite of recurring commercial landscaping services, including mowing, gardening, mulching and snow removal, water management, irrigation maintenance, tree care, golf course maintenance, and specialty turf maintenance.

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