BrightView (NYSE:BV) Shares Gap Down – Should You Sell?

BrightView Holdings, Inc. (NYSE:BV)’s share price gapped down before the market opened on Thursday . The stock had previously closed at $18.25, but opened at $16.74. BrightView shares last traded at $17.18, with a volume of 121,145 shares.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on BV. Jefferies Financial Group upgraded shares of BrightView from a “hold” rating to a “buy” rating and boosted their price target for the stock from $13.00 to $17.00 in a research note on Wednesday, August 21st. The Goldman Sachs Group boosted their price objective on shares of BrightView from $10.00 to $11.30 and gave the stock a “sell” rating in a report on Friday, August 2nd. Loop Capital raised shares of BrightView to a “strong-buy” rating in a report on Tuesday, July 30th. JPMorgan Chase & Co. boosted their price objective on shares of BrightView from $11.00 to $14.00 and gave the stock an “underweight” rating in a report on Friday, August 2nd. Finally, Morgan Stanley assumed coverage on shares of BrightView in a report on Thursday, August 22nd. They set an “equal weight” rating and a $16.00 price objective on the stock. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating, three have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $15.90.

BrightView Stock Down 12.5 %

The company has a market cap of $1.51 billion, a PE ratio of 138.59 and a beta of 1.28. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.64. The firm’s fifty day simple moving average is $16.20 and its 200-day simple moving average is $14.63.

Institutional Trading of BrightView

Several institutional investors and hedge funds have recently modified their holdings of BV. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of BrightView by 134.6% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 17,127 shares of the company’s stock valued at $270,000 after buying an additional 9,825 shares during the period. MetLife Investment Management LLC lifted its stake in shares of BrightView by 25.6% during the third quarter. MetLife Investment Management LLC now owns 33,228 shares of the company’s stock valued at $523,000 after buying an additional 6,768 shares during the period. BNP Paribas Financial Markets lifted its stake in shares of BrightView by 4.6% during the third quarter. BNP Paribas Financial Markets now owns 24,184 shares of the company’s stock valued at $381,000 after buying an additional 1,056 shares during the period. FMR LLC lifted its stake in shares of BrightView by 293.4% during the third quarter. FMR LLC now owns 6,884 shares of the company’s stock valued at $108,000 after buying an additional 5,134 shares during the period. Finally, Quantbot Technologies LP purchased a new position in shares of BrightView during the third quarter valued at approximately $555,000. Hedge funds and other institutional investors own 92.41% 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.