BrightView (NYSE:BV) Rating Increased to Strong-Buy at BTIG Research

BrightView (NYSE:BV) was upgraded by analysts at BTIG Research to a “strong-buy” rating in a research note issued to investors on Monday,Zacks.com reports.

Several other research analysts also recently issued reports on the stock. Zacks Research upgraded shares of BrightView from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 4th. Weiss Ratings reiterated a “hold (c-)” rating on shares of BrightView in a research report on Wednesday, October 8th. Morgan Stanley reduced their price objective on BrightView from $16.00 to $12.00 and set an “equal weight” rating on the stock in a report on Thursday, November 20th. The Goldman Sachs Group lowered their target price on BrightView from $13.50 to $10.50 and set a “sell” rating for the company in a research note on Thursday, November 20th. Finally, Robert W. Baird lowered their price objective on BrightView from $19.00 to $15.00 and set an “outperform” rating for the company in a research report on Thursday, November 20th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $14.50.

BrightView Stock Up 0.1%

Shares of BV opened at $12.80 on Monday. The company has a market capitalization of $1.21 billion, a P/E ratio of 319.88 and a beta of 1.30. BrightView has a one year low of $11.06 and a one year high of $18.08. The business’s 50 day simple moving average is $12.72 and its 200-day simple moving average is $14.40. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.29 and a quick ratio of 1.30.

BrightView (NYSE:BV) last released its quarterly earnings results on Wednesday, November 19th. The company reported $0.27 earnings per share for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.05). The business had revenue of $702.80 million for the quarter, compared to analyst estimates of $718.03 million. BrightView had a net margin of 2.10% and a return on equity of 8.43%. The company’s revenue for the quarter was down 3.6% on a year-over-year basis. During the same period in the prior year, the business earned $0.30 earnings per share. As a group, sell-side analysts predict that BrightView will post 0.73 EPS for the current fiscal year.

Insider Transactions at BrightView

In other news, Director William L. Cornog bought 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 2nd. The shares were acquired at an average price of $12.84 per share, with a total value of $128,400.00. Following the transaction, the director owned 30,000 shares in the company, valued at $385,200. This represents a 50.00% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Jonathan Mark Gottsegen sold 35,000 shares of the company’s stock in a transaction that occurred on Monday, December 1st. The stock was sold at an average price of $12.62, for a total value of $441,700.00. Following the transaction, the executive vice president directly owned 142,958 shares of the company’s stock, valued at approximately $1,804,129.96. This trade represents a 19.67% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 2.20% of the company’s stock.

Institutional Investors Weigh In On BrightView

Institutional investors have recently modified their holdings of the business. IFP Advisors Inc increased its position in BrightView by 54.2% during the second quarter. IFP Advisors Inc now owns 2,385 shares of the company’s stock worth $40,000 after acquiring an additional 838 shares during the period. Creative Planning boosted its holdings in BrightView by 3.9% in the 2nd quarter. Creative Planning now owns 22,841 shares of the company’s stock valued at $380,000 after purchasing an additional 858 shares during the period. Redmond Asset Management LLC grew its position in shares of BrightView by 0.5% during the 3rd quarter. Redmond Asset Management LLC now owns 172,478 shares of the company’s stock worth $2,311,000 after purchasing an additional 871 shares in the last quarter. Anchor Capital Advisors LLC increased its holdings in shares of BrightView by 2.0% during the third quarter. Anchor Capital Advisors LLC now owns 69,777 shares of the company’s stock worth $935,000 after purchasing an additional 1,355 shares during the period. Finally, Fuller & Thaler Asset Management Inc. increased its holdings in shares of BrightView by 3.5% during the first quarter. Fuller & Thaler Asset Management Inc. now owns 50,545 shares of the company’s stock worth $649,000 after purchasing an additional 1,700 shares during the period. Institutional investors own 92.41% of the company’s stock.

About BrightView

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.