Brokerages Set BrightView Holdings, Inc. (NYSE:BV) Target Price at $17.98

Shares of BrightView Holdings, Inc. (NYSE:BV) have been assigned a consensus rating of “Hold” from the eight brokerages that are covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating on the company. The average 1 year price target among brokerages that have covered the stock in the last year is $17.98.

A number of equities research analysts have weighed in on BV shares. Wall Street Zen downgraded shares of BrightView from a “buy” rating to a “hold” rating in a research note on Saturday, August 9th. Robert W. Baird cut their price target on BrightView from $20.00 to $19.00 and set an “outperform” rating for the company in a report on Wednesday, July 2nd. Zacks Research cut BrightView from a “hold” rating to a “strong sell” rating in a report on Monday, October 6th. Loop Capital cut their price target on BrightView from $21.00 to $20.00 and set a “buy” rating for the company in a report on Thursday, July 3rd. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of BrightView in a report on Wednesday, October 8th.

Insiders Place Their Bets

In other news, EVP Amanda Marie Orders sold 70,000 shares of the company’s stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $14.78, for a total value of $1,034,600.00. Following the completion of the sale, the executive vice president directly owned 38,446 shares of the company’s stock, valued at $568,231.88. This represents a 64.55% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 2.20% of the company’s stock.

Institutional Trading of BrightView

Institutional investors and hedge funds have recently modified their holdings of the stock. GAMMA Investing LLC grew its position in shares of BrightView by 933.1% in the 1st quarter. GAMMA Investing LLC now owns 8,089 shares of the company’s stock valued at $104,000 after purchasing an additional 7,306 shares during the period. SG Americas Securities LLC grew its position in shares of BrightView by 86.6% in the 1st quarter. SG Americas Securities LLC now owns 30,506 shares of the company’s stock valued at $392,000 after purchasing an additional 14,160 shares during the period. Principal Financial Group Inc. grew its position in shares of BrightView by 3.2% in the 1st quarter. Principal Financial Group Inc. now owns 51,967 shares of the company’s stock valued at $667,000 after purchasing an additional 1,608 shares during the period. Bank of New York Mellon Corp boosted its position in BrightView by 1.7% during the 1st quarter. Bank of New York Mellon Corp now owns 194,841 shares of the company’s stock worth $2,502,000 after acquiring an additional 3,286 shares during the last quarter. Finally, CWM LLC boosted its position in BrightView by 58.7% during the 1st quarter. CWM LLC now owns 3,418 shares of the company’s stock worth $44,000 after acquiring an additional 1,264 shares during the last quarter. 92.41% of the stock is owned by institutional investors.

BrightView Trading Up 2.4%

NYSE:BV opened at $13.20 on Friday. BrightView has a 12 month low of $11.81 and a 12 month high of $18.89. The firm has a market cap of $1.25 billion, a price-to-earnings ratio of 439.83 and a beta of 1.26. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 0.62. The company’s 50 day moving average is $14.04 and its 200-day moving average is $14.74.

BrightView (NYSE:BV) last announced its quarterly earnings data on Wednesday, August 6th. The company reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by ($0.02). The company had revenue of $708.30 million during the quarter, compared to analyst estimates of $763.43 million. BrightView had a return on equity of 8.76% and a net margin of 2.00%.The company’s revenue was down 4.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.32 EPS. Equities analysts anticipate that BrightView will post 0.73 EPS for the current year.

About BrightView

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.