BrightView Holdings, Inc. (NYSE:BV) Receives Average Rating of “Moderate Buy” from Analysts

Shares of BrightView Holdings, Inc. (NYSE:BV) have earned an average recommendation of “Moderate Buy” from the ten brokerages that are presently covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell rating, one has given a hold rating, six have given a buy rating and one has issued a strong buy rating on the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $17.11.

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

BrightView Stock Performance

Shares of BrightView stock opened at $16.02 on Friday. The stock has a market capitalization of $1.52 billion, a price-to-earnings ratio of 145.65 and a beta of 1.30. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.44 and a quick ratio of 1.44. The business has a 50-day moving average of $16.77 and a 200 day moving average of $15.45. BrightView has a 12 month low of $7.75 and a 12 month high of $18.89.

BrightView (NYSE:BV) last announced its quarterly earnings data on Wednesday, November 13th. The company reported $0.30 earnings per share for the quarter, beating analysts’ consensus estimates of $0.28 by $0.02. The firm had revenue of $728.70 million during the quarter, compared to analysts’ expectations of $723.01 million. BrightView had a net margin of 2.40% and a return on equity of 7.65%. The business’s quarterly revenue was down 2.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.14 earnings per share. As a group, sell-side analysts forecast that BrightView will post 0.75 earnings per share for the current year.

Insiders Place Their Bets

In related news, EVP Jonathan Mark Gottsegen sold 29,658 shares of the stock in a transaction on Friday, November 15th. The shares were sold at an average price of $16.06, for a total transaction 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 2.40% of the company’s stock.

Institutional Investors Weigh In On BrightView

Several hedge funds have recently made changes to their positions in the business. Bank of New York Mellon Corp increased its stake in BrightView by 16.0% in the 2nd quarter. Bank of New York Mellon Corp now owns 218,111 shares of the company’s stock valued at $2,901,000 after buying an additional 30,042 shares during the period. Allspring Global Investments Holdings LLC acquired a new position in BrightView during the 2nd quarter worth approximately $9,857,000. Natixis Advisors LLC acquired a new stake in shares of BrightView in the 2nd quarter valued at approximately $662,000. Rhumbline Advisers boosted its stake in shares of BrightView by 5.4% in 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 in the last quarter. Finally, Roubaix Capital LLC grew its holdings in BrightView by 13.9% during the second quarter. Roubaix Capital LLC now owns 336,770 shares of the company’s stock worth $4,479,000 after acquiring an additional 41,127 shares during the period. Institutional investors and hedge funds 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.