BrightView (NYSE: BV) was downgraded by the Goldman Sachs group from a “buy” rating to a “neutral” rating in a research note issued to investors on Monday, Fly reports.
BV has been the subject of a number of other research reports. Zacks investment research downgraded BrightView from a “keep” rating to a “sell” rating in a report released on Monday, October 4. JPMorgan Chase & Co. downgraded BrightView from a “neutral” rating to an “underweight” rating in a research note on Monday, October 25. Two analysts gave the stock a sell rating and two gave the company a conservation rating. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $ 17.50.
BV opened at $ 14.47 on Monday. The company’s 50-day mobile average price is $ 15.19. The company has a leverage ratio of 0.84, a current ratio of 1.43, and a quick ratio of 1.43. BrightView has a one-year minimum of $ 13.21 and a one-year maximum of $ 19.17. The company has a market cap of $ 1.52 billion, a PE ratio of 32.89 and a beta of 1.43.
BrightView (NYSE: BV) last released its quarterly results on Wednesday, November 17. The company reported earnings per share (EPS) of $ 0.38 for the quarter, missing the Thomson Reuters consensus estimate of $ 0.41 ($ 0.03). The company posted revenue of $ 673.40 million in the quarter, compared to analysts’ estimates of $ 654.58 million. BrightView had a net margin of 1.81% and a return on equity of 8.50%. The company’s revenue grew 10.7% year-over-year. In the same quarter of last year, the company achieved EPS of $ 0.33. As a group, equity research analysts predict BrightView will post earnings per share of 1.06 for the current fiscal year.
In related news, insider Thomas C. Donnelly acquired 6,000 shares of the company in a transaction that took place on Monday, December 6. The stock was purchased at an average cost of $ 14.37 per share, for a total transaction of $ 86,220.00. The transaction has been disclosed in a legal file with the SEC, which is available through this hyperlink. 3.80% of the capital is held by insiders.
A number of institutional investors and hedge funds have recently changed their holdings in the company. Bank of New York Mellon Corp increased its stake in BrightView by 6.6% in the 3rd quarter. Bank of New York Mellon Corp now owns 151,837 shares of the company valued at $ 2,241,000 after acquiring an additional 9,371 shares in the last quarter. Phocas Financial Corp. increased its stake in BrightView shares by 0.7% during the 3rd quarter. Phocas Financial Corp. now owns 351,828 shares of the company valued at $ 5,193,000 after purchasing 2,399 additional shares in the last quarter. BNP Paribas Arbitrage SA increased its stake in BrightView shares by 109.2% during the 3rd quarter. BNP Paribas Arbitrage SA now owns 12,069 shares of the company valued at $ 178,000 after purchasing an additional 6,301 shares during the last quarter. UBS Group AG increased its stake in BrightView shares by 210.5% in the third quarter. UBS Group AG now owns 3,117 shares of the company valued at $ 46,000 after purchasing an additional 2,113 shares in the last quarter. Finally, Mcmorgan & Co. LLC increased its stake in BrightView shares by 11.6% during the 3rd quarter. Mcmorgan & Co. LLC now owns 74,054 shares of the company valued at $ 1,093,000 after purchasing an additional 7,680 shares in the last quarter. Institutional investors hold 96.25% of the shares of the company.
BrightView Holdings, Inc is an investment company providing commercial landscaping services. It operates through the Maintenance Services and Development Services segments. The Maintenance Services segment offers a full range of recurring commercial landscaping services ranging from mowing, gardening, mulching and snow removal to more advanced horticultural services, such as water management, maintenance of irrigation, maintenance of trees, maintenance of golf courses and maintenance of specialized lawns.
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