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

Shares of BrightView Holdings, Inc. (NYSE:BV) have been given a consensus recommendation of “Moderate Buy” by the ten ratings firms that are covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a sell recommendation, one has assigned a hold recommendation, six have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $17.11.

BV has been the topic of several recent analyst reports. BTIG Research assumed coverage on BrightView in a report on Monday, December 2nd. They set a “buy” rating and a $22.00 price objective on the stock. The Goldman Sachs Group upped their target price on BrightView from $11.30 to $12.90 and gave the stock a “sell” rating in a research report on Friday, November 15th. Robert W. Baird lifted their price target on BrightView from $18.00 to $20.00 and gave the company an “outperform” rating in a report on Thursday, November 14th. Morgan Stanley raised their price target on shares of BrightView from $15.00 to $16.00 and gave the company an “equal weight” rating in a report on Thursday, December 12th. Finally, Loop Capital lifted their price target on shares of BrightView from $18.00 to $20.00 and gave the company a “buy” rating in a research report on Friday, November 15th.

BrightView Stock Down 1.0 %

Shares of BrightView stock opened at $15.59 on Wednesday. The company has a market capitalization of $1.49 billion, a P/E ratio of 141.72 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. BrightView has a 1-year low of $8.12 and a 1-year high of $18.89. The business’s fifty day moving average price is $16.30 and its two-hundred day moving average price is $15.74.

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

Insider Buying and Selling at BrightView

In other BrightView news, EVP Jonathan Mark Gottsegen sold 29,658 shares of the firm’s stock in a transaction that occurred 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 sale, the executive vice president now directly owns 100,354 shares in the company, valued at approximately $1,611,685.24. This trade represents a 22.81 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 2.20% of the company’s stock.

Institutional Trading of BrightView

Hedge funds and other institutional investors have recently made changes to their positions in the business. BNP Paribas Financial Markets grew its holdings in BrightView by 4.6% during the 3rd quarter. BNP Paribas Financial Markets now owns 24,184 shares of the company’s stock worth $381,000 after acquiring an additional 1,056 shares during the last quarter. The Manufacturers Life Insurance Company boosted its position in shares of BrightView by 8.7% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 17,896 shares of the company’s stock valued at $238,000 after purchasing an additional 1,431 shares in the last quarter. Creative Planning grew its position in shares of BrightView by 7.0% during the 3rd quarter. Creative Planning now owns 24,019 shares of the company’s stock worth $378,000 after buying an additional 1,564 shares during the period. Los Angeles Capital Management LLC increased its stake in BrightView by 3.2% in the third quarter. Los Angeles Capital Management LLC now owns 75,524 shares of the company’s stock valued at $1,189,000 after purchasing an additional 2,340 shares in the last quarter. Finally, SG Americas Securities LLC increased its position in BrightView by 20.5% in the 4th quarter. SG Americas Securities LLC now owns 16,346 shares of the company’s stock valued at $261,000 after buying an additional 2,783 shares in the last quarter. 92.41% of the stock is currently owned by institutional investors and hedge funds.

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.