Wall Street Zen cut shares of BrightView (NYSE:BV – Free Report) from a hold rating to a sell rating in a research note published on Saturday morning,Wall Street Zen reports.
Other analysts also recently issued reports about the company. Zacks Research upgraded BrightView from a “strong sell” rating to a “hold” rating in a research report on Monday, October 5th. Morgan Stanley cut their price objective on shares of BrightView from $12.50 to $11.50 and set an “equal weight” rating on the stock in a research report on Tuesday, October 13th. Weiss Ratings reissued a “sell (d+)” rating on shares of BrightView in a research note on Thursday, October 29th. Finally, Robert W. Baird set a $14.00 target price on shares of BrightView in a research note on Wednesday, August 5th. One 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 stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $13.93.
BrightView Price Performance
NYSE:BV opened at $11.66 on Friday. The firm has a market capitalization of $1.09 billion, a price-to-earnings ratio of -46.66, a PEG ratio of 1.50 and a beta of 1.16. 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 50 day simple moving average of $10.85 and a 200-day simple moving average of $12.30. BrightView has a 1 year low of $9.81 and a 1 year high of $15.00.
Institutional Investors Weigh In On BrightView
Several hedge funds and other institutional investors have recently modified their holdings of BV. Empowered Funds LLC purchased a new stake in shares of BrightView during the second quarter valued at $6,189,000. Bank of America Corp DE bought a new position in shares of BrightView in the second quarter worth about $2,264,000. Bank of New York Mellon Corp bought a new position in shares of BrightView in the second quarter worth about $3,952,000. BlackRock Inc. purchased a new position in BrightView in the 2nd quarter worth about $80,091,000. Finally, Rice Hall James & Associates LLC purchased a new position in BrightView in the 2nd quarter worth about $3,126,000. 92.41% of the stock is currently owned by hedge funds and other institutional investors.
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.
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