Zacks Investment Research Downgrades BrightView (NYSE:BV) to Hold

BrightView (NYSE:BV) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report issued on Tuesday, Zacks.com reports.

According to Zacks, “BrightView Holdings, Inc. is a provider of commercial landscaping services primarily in the United States. It provides services from landscape maintenance and enhancements to tree care and landscape development for corporate and commercial properties, HOAs, public parks, hotels and resorts, hospitals and other healthcare facilities, educational institutions, restaurants and retail and golf courses. BrightView Holdings, Inc. is based in PA, United States. “

Separately, Robert W. Baird reiterated a “neutral” rating and issued a $19.00 target price (up from $16.00) on shares of BrightView in a report on Wednesday, April 21st.

Shares of BV stock traded up $0.02 during mid-day trading on Tuesday, reaching $18.29. 405,562 shares of the stock traded hands, compared to its average volume of 274,211. The stock’s fifty day simple moving average is $17.68 and its two-hundred day simple moving average is $15.67. BrightView has a 1-year low of $10.37 and a 1-year high of $19.10. The company has a market cap of $1.92 billion, a price-to-earnings ratio of -45.72 and a beta of 1.42. The company has a quick ratio of 1.39, a current ratio of 1.41 and a debt-to-equity ratio of 0.89.

BrightView (NYSE:BV) last posted its quarterly earnings data on Wednesday, February 3rd. The company reported $0.12 EPS for the quarter, topping the Zacks’ consensus estimate of $0.08 by $0.04. The company had revenue of $554.40 million for the quarter, compared to analyst estimates of $539.13 million. BrightView had a positive return on equity of 5.99% and a negative net margin of 1.77%. The firm’s quarterly revenue was down 2.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.10 earnings per share. On average, equities research analysts anticipate that BrightView will post 0.87 EPS for the current fiscal year.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. First Horizon Corp grew its holdings in BrightView by 53.0% during the fourth quarter. First Horizon Corp now owns 2,075 shares of the company’s stock worth $31,000 after buying an additional 719 shares in the last quarter. Signet Investment Advisory Group Inc. bought a new stake in BrightView during the fourth quarter worth $45,000. Captrust Financial Advisors grew its holdings in BrightView by 39.5% during the fourth quarter. Captrust Financial Advisors now owns 8,453 shares of the company’s stock worth $128,000 after buying an additional 2,395 shares in the last quarter. SG Americas Securities LLC bought a new stake in BrightView during the fourth quarter worth $139,000. Finally, Metropolitan Life Insurance Co NY grew its holdings in BrightView by 36.2% during the first quarter. Metropolitan Life Insurance Co NY now owns 10,542 shares of the company’s stock worth $151,000 after buying an additional 2,803 shares in the last quarter. Hedge funds and other institutional investors own 93.29% of the company’s stock.

BrightView Company Profile

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.

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