Brokerages Set BrightView Holdings, Inc. (NYSE:BV) PT at $17.11

Shares of BrightView Holdings, Inc. (NYSE:BV) have earned an average rating of “Moderate Buy” from the ten brokerages that are presently covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell rating, one has issued a hold rating, six have given a buy rating and one has issued a strong buy rating on the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $17.11.

Several research firms have recently commented on BV. Loop Capital upped their price target on shares of BrightView from $18.00 to $20.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. BTIG Research started coverage on BrightView in a research report on Monday, December 2nd. They set a “buy” rating and a $22.00 price objective for the company. The Goldman Sachs Group increased their price objective on BrightView from $11.30 to $12.90 and gave the stock a “sell” rating in a report on Friday, November 15th. Robert W. Baird lifted their target price on BrightView from $18.00 to $20.00 and gave the company an “outperform” rating in a research note on Thursday, November 14th. Finally, William Blair raised BrightView from a “market perform” rating to an “outperform” rating in a research note on Friday, November 15th.

Insider Buying and Selling

In other BrightView news, EVP Jonathan Mark Gottsegen sold 29,658 shares of the stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $16.06, for a total value of $476,307.48. Following the completion of the sale, the executive vice president now owns 100,354 shares in the company, valued at $1,611,685.24. This represents a 22.81 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.40% of the stock is currently owned by insiders.

Hedge Funds Weigh In On BrightView

Hedge funds have recently modified their holdings of the stock. Bank of New York Mellon Corp lifted its position in shares of BrightView by 16.0% in the second quarter. Bank of New York Mellon Corp now owns 218,111 shares of the company’s stock worth $2,901,000 after buying an additional 30,042 shares during the last quarter. Allspring Global Investments Holdings LLC acquired a new stake in BrightView in the 2nd quarter worth $9,857,000. Natixis Advisors LLC bought a new position in shares of BrightView during the 2nd quarter worth about $662,000. Rhumbline Advisers raised its position in shares of BrightView by 5.4% during the second quarter. Rhumbline Advisers now owns 74,280 shares of the company’s stock valued at $988,000 after buying an additional 3,835 shares during the last quarter. Finally, Roubaix Capital LLC lifted its stake in shares of BrightView by 13.9% in the second quarter. Roubaix Capital LLC now owns 336,770 shares of the company’s stock valued at $4,479,000 after buying an additional 41,127 shares during the period. 92.41% of the stock is owned by institutional investors and hedge funds.

BrightView Trading Down 0.4 %

Shares of NYSE BV opened at $15.99 on Friday. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.63. The stock’s 50 day moving average price is $16.78 and its two-hundred day moving average price is $15.43. BrightView has a 52-week low of $7.75 and a 52-week high of $18.89. The stock has a market capitalization of $1.52 billion, a P/E ratio of 145.38 and a beta of 1.30.

BrightView (NYSE:BV) last released its quarterly earnings data on Wednesday, November 13th. The company reported $0.30 EPS for the quarter, topping analysts’ consensus estimates of $0.28 by $0.02. BrightView had a net margin of 2.40% and a return on equity of 7.65%. The firm had revenue of $728.70 million during the quarter, compared to the consensus estimate of $723.01 million. During the same quarter in the previous year, the company posted $0.14 earnings per share. The firm’s revenue was down 2.0% on a year-over-year basis. On average, analysts anticipate that BrightView will post 0.75 earnings per share for the current fiscal year.

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.