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

Key Points

• BrightView shares hit a new 52-week low of $10.39, below the previous close of $10.67, and remain below their 50-day and 200-day moving averages.
• Analyst sentiment is mixed, with the stock carrying an average “Hold” rating and a consensus price target of $14.10; targets range from $12.50 to $17.00.
• BrightView’s latest quarterly results missed expectations, reporting $0.17 in EPS versus $0.29 forecast and $717.6 million in revenue versus $726.13 million expected, although revenue increased 1.3% year over year.

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

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on BV shares. Oppenheimer assumed coverage on shares of BrightView in a report on Wednesday, June 17th. They set an "outperform" rating and a $17.00 target price on the stock. Morgan Stanley reduced their price target on shares of BrightView from $14.00 to $12.50 and set an "equal weight" rating for the company in a research report on Thursday, August 6th. Weiss Ratings reiterated a "sell (d+)" rating on shares of BrightView in a research report on Friday, July 31st. Wall Street Zen raised BrightView from a "sell" rating to a "hold" rating in a research note on Saturday, September 12th. Finally, Robert W. Baird set a $14.00 target price on BrightView in a research report on Wednesday, August 5th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, two have issued a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, BrightView currently has an average rating of "Hold" and an average price target of $14.10.

BrightView Price Performance

The stock has a market capitalization of $955.02 million, a PE ratio of -41.10, a P/E/G ratio of 1.76 and a beta of 1.17. 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 firm's 50 day simple moving average is $12.00 and its 200 day simple moving average is $12.41.

BrightView (NYSE:BV - Get Free Report) last issued its earnings results on Tuesday, August 4th. The company reported $0.17 EPS for the quarter, missing analysts' consensus estimates of $0.29 by ($0.12). BrightView had a return on equity of 5.03% and a net margin of 0.74%.The business had revenue of $717.60 million during the quarter, compared to analysts' expectations of $726.13 million. During the same quarter in the previous year, the business earned $0.30 EPS. BrightView's revenue for the quarter was up 1.3% compared to the same quarter last year. As a group, equities analysts forecast that BrightView Holdings, Inc. will post 0.4 EPS for the current fiscal year.

Insider Buying and Selling at BrightView

In related news, Director William Cornog bought 50,000 shares of the company's stock in a transaction that occurred on Thursday, August 6th. The stock was bought at an average cost of $11.25 per share, for a total transaction of $562,500.00. Following the acquisition, the director directly owned 70,000 shares of the company's stock, valued at $787,500. The trade was a 250.00% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 2.80% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in BV. Public Employees Retirement System of Ohio bought a new stake in shares of BrightView during the 2nd quarter valued at about $41,000. Janney Montgomery Scott LLC bought a new stake in BrightView during the 1st quarter valued at approximately $145,000. Mcmorgan & Co. LLC purchased a new position in shares of BrightView during the 2nd quarter worth approximately $176,000. Sequoia Financial Advisors LLC bought a new position in shares of BrightView in the 2nd quarter worth approximately $182,000. Finally, ProShare Advisors LLC lifted its stake in shares of BrightView by 6.9% in the 4th quarter. ProShare Advisors LLC now owns 13,138 shares of the company's stock valued at $166,000 after purchasing an additional 848 shares during the period. 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.

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