Robert W. Baird Has Lowered Expectations for BrightView (NYSE:BV) Stock Price

BrightView (NYSE:BV) had its price target cut by research analysts at Robert W. Baird from $14.00 to $12.00 in a research note issued on Wednesday, Benzinga reports. The firm presently has an “outperform” rating on the stock. Robert W. Baird‘s price target would indicate a potential upside of 5.47% from the company’s current price.

Several other analysts have also recently commented on BV. Morgan Stanley reduced their target price on shares of BrightView from $12.50 to $11.50 and set an “equal weight” rating for the company in a research note on Tuesday, October 13th. Zacks Research upgraded shares of BrightView from a “strong sell” rating to a “hold” rating in a research note on Monday, October 5th. Wall Street Zen cut shares of BrightView from a “hold” rating to a “sell” rating in a report on Saturday. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of BrightView in a research report on Thursday, October 29th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, BrightView presently has an average rating of “Hold” and a consensus price target of $13.60.

BrightView Trading Down 4.0%

NYSE:BV opened at $11.38 on Wednesday. BrightView has a 12-month low of $9.81 and a 12-month high of $15.00. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.71. The stock’s 50 day simple moving average is $10.87 and its 200-day simple moving average is $12.28. The firm has a market cap of $1.06 billion, a P/E ratio of -45.51, a PEG ratio of 1.53 and a beta of 1.16.

BrightView (NYSE:BV) last issued its quarterly earnings results on Tuesday, November 10th. The company reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.26 by ($0.08). BrightView had a return on equity of 5.03% and a net margin of 0.74%. The company had revenue of $677.30 million for the quarter, compared to analyst estimates of $723.76 million. During the same period in the prior year, the business earned $0.27 earnings per share. BrightView’s revenue for the quarter was down 3.6% compared to the same quarter last year. Equities analysts anticipate that BrightView will post 0.40 EPS for the current year.

Hedge Funds Weigh In On BrightView

A number of institutional investors and hedge funds have recently made changes to their positions in BV. BlackRock Inc. acquired a new stake in shares of BrightView in the second quarter valued at about $80,091,000. Punch & Associates Investment Management Inc. acquired a new position in BrightView during the second quarter worth about $16,778,000. Private Management Group Inc. grew its position in BrightView by 120.9% during the third quarter. Private Management Group Inc. now owns 1,394,689 shares of the company’s stock worth $13,947,000 after buying an additional 763,382 shares during the period. Gagnon Securities LLC purchased a new position in BrightView in the third quarter valued at about $7,484,000. Finally, Pillsbury Lake Capital LLC purchased a new position in BrightView in the second quarter valued at about $7,126,901. 92.41% of the stock is owned by institutional investors and hedge funds.

About BrightView

BrightView Holdings, Inc. provides commercial landscaping services in the United States. Its services include landscape maintenance, design and development, enhancements, and tree care for properties such as corporate campuses, residential communities, and public spaces. The company also provides snow and ice management and related services to help clients maintain their properties throughout the year. BrightView was formed in 2014 through the combination of landscaping businesses Brickman and ValleyCrest.