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

Zacks Research lowered shares of BrightView (NYSE:BVFree Report) from a hold rating to a strong sell rating in a research note released on Tuesday,Zacks.com reports.

Other equities analysts have also issued research reports about the stock. BTIG Research restated a “buy” rating and set a $16.00 price objective on shares of BrightView in a research report on Monday, May 11th. Oppenheimer started coverage on shares of BrightView in a report on Wednesday, June 17th. They issued an “outperform” rating and a $17.00 target price on the stock. Weiss Ratings reissued a “sell (d+)” rating on shares of BrightView in a research note on Monday, May 4th. Finally, JPMorgan Chase & Co. upgraded shares of BrightView from an “underweight” rating to a “neutral” rating and raised their target price for the stock from $13.00 to $14.00 in a report on Thursday, May 7th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, two have issued a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $14.52.

Check Out Our Latest Stock Report on BrightView

BrightView Stock Up 0.5%

BV opened at $14.41 on Tuesday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.23 and a current ratio of 1.23. The company has a market capitalization of $1.34 billion, a PE ratio of -205.93 and a beta of 1.17. The stock’s fifty day moving average is $13.20 and its 200-day moving average is $12.88. BrightView has a one year low of $11.06 and a one year high of $16.52.

BrightView (NYSE:BVGet Free Report) last announced its earnings results on Tuesday, May 5th. The company reported $0.09 earnings per share for the quarter, beating the consensus estimate of $0.08 by $0.01. BrightView had a return on equity of 7.25% and a net margin of 1.70%.The business had revenue of $702.90 million during the quarter, compared to analysts’ expectations of $638.80 million. During the same quarter last year, the business posted $0.14 earnings per share. The company’s quarterly revenue was up 6.1% on a year-over-year basis. On average, equities analysts predict that BrightView will post 0.56 EPS for the current fiscal year.

Institutional Investors Weigh In On BrightView

A number of large investors have recently made changes to their positions in the company. Van Berkom & Associates Inc. lifted its holdings in shares of BrightView by 6.6% in the fourth quarter. Van Berkom & Associates Inc. now owns 4,858,860 shares of the company’s stock valued at $61,562,000 after purchasing an additional 300,982 shares in the last quarter. Connors Investor Services Inc. lifted its stake in BrightView by 37.0% in the 4th quarter. Connors Investor Services Inc. now owns 188,552 shares of the company’s stock worth $2,389,000 after acquiring an additional 50,881 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in BrightView by 106.8% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 872,968 shares of the company’s stock worth $11,061,000 after acquiring an additional 450,831 shares during the period. AWH Capital L.P. grew its stake in BrightView by 275.9% during the 4th quarter. AWH Capital L.P. now owns 272,500 shares of the company’s stock valued at $3,453,000 after acquiring an additional 200,000 shares in the last quarter. Finally, Royce & Associates LP purchased a new position in BrightView during the 4th quarter valued at about $5,293,000. Institutional investors and hedge funds own 92.41% of the company’s stock.

BrightView Company Profile

(Get Free Report)

BrightView Inc (NYSE:BV) is a leading commercial landscaping services company in the United States, offering a comprehensive suite of outdoor asset management solutions. The company’s core business activities include landscape maintenance, development and enhancement services tailored to a wide array of clients such as corporate campuses, healthcare facilities, multi-family residential properties, retail centers and municipalities.

BrightView’s service portfolio covers routine grounds maintenance, landscape construction and design-build, irrigation system installation and management, tree care, seasonal color programs and snow and ice management.

Recommended Stories

Analyst Recommendations for BrightView (NYSE:BV)

Receive News & Ratings for BrightView Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BrightView and related companies with MarketBeat.com's FREE daily email newsletter.