BrightView Holdings, Inc. (NYSE:BV) Receives $14.68 Average Target Price from Brokerages

Shares of BrightView Holdings, Inc. (NYSE:BV) have received an average rating of “Hold” from the nine ratings firms that are presently covering the firm, Marketbeat Ratings reports. Three research analysts have rated the stock with a sell recommendation, two have given a hold recommendation, two have issued a buy recommendation and two have given a strong buy recommendation to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $14.6833.

Several analysts have issued reports on BV shares. JPMorgan Chase & Co. boosted their target price on shares of BrightView from $12.00 to $13.00 and gave the company an “underweight” rating in a research note on Thursday, February 5th. BTIG Research started coverage on BrightView in a report on Monday, December 1st. They set a “buy” rating and a $15.00 price target on the stock. Weiss Ratings lowered BrightView from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, February 4th. Robert W. Baird reduced their price objective on BrightView from $19.00 to $15.00 and set an “outperform” rating for the company in a research note on Thursday, November 20th. Finally, CJS Securities upgraded BrightView to a “strong-buy” rating in a research report on Thursday, December 11th.

Insider Activity

In related news, Director William L. Cornog acquired 5,000 shares of the stock in a transaction that occurred on Friday, February 6th. The shares were purchased at an average cost of $13.46 per share, with a total value of $67,300.00. Following the completion of the transaction, the director owned 5,000 shares of the company’s stock, valued at approximately $67,300. This trade represents a ∞ increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. 2.80% of the stock is owned by company insiders.

Institutional Investors Weigh In On BrightView

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BV. ProShare Advisors LLC boosted its stake in shares of BrightView by 6.9% during the 4th quarter. ProShare Advisors LLC now owns 13,138 shares of the company’s stock valued at $166,000 after buying an additional 848 shares during the period. Creative Planning increased its stake in shares of BrightView by 3.9% in the second quarter. Creative Planning now owns 22,841 shares of the company’s stock worth $380,000 after acquiring an additional 858 shares during the last quarter. Redmond Asset Management LLC raised its holdings in shares of BrightView by 0.5% during the third quarter. Redmond Asset Management LLC now owns 172,478 shares of the company’s stock worth $2,311,000 after acquiring an additional 871 shares in the last quarter. Anchor Capital Advisors LLC boosted its position in BrightView by 2.0% during the third quarter. Anchor Capital Advisors LLC now owns 69,777 shares of the company’s stock valued at $935,000 after purchasing an additional 1,355 shares during the last quarter. Finally, Rhumbline Advisers boosted its position in BrightView by 1.9% during the third quarter. Rhumbline Advisers now owns 94,158 shares of the company’s stock valued at $1,262,000 after purchasing an additional 1,733 shares during the last quarter. Hedge funds and other institutional investors own 92.41% of the company’s stock.

BrightView Stock Performance

BrightView stock opened at $11.84 on Monday. BrightView has a fifty-two week low of $11.06 and a fifty-two week high of $17.10. The firm’s 50 day simple moving average is $13.25 and its 200-day simple moving average is $13.10. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.26 and a quick ratio of 1.26. The company has a market cap of $1.11 billion, a P/E ratio of -591.75 and a beta of 1.26.

BrightView (NYSE:BV) last issued its quarterly earnings results on Tuesday, February 3rd. The company reported ($0.01) EPS for the quarter, missing the consensus estimate of $0.01 by ($0.02). BrightView had a net margin of 1.90% and a return on equity of 7.85%. The firm had revenue of $614.70 million during the quarter, compared to analysts’ expectations of $589.91 million. During the same quarter last year, the company posted $0.04 EPS. The firm’s revenue was up 2.6% compared to the same quarter last year. As a group, equities research analysts predict that BrightView will post 0.73 EPS for the current year.

About BrightView

BrightView Inc (NYSE:BV) is a leading commercial landscaping services company in the United States, offering a comprehensive suite of outdoor asset management solutions. The company’s core business activities include landscape maintenance, development and enhancement services tailored to a wide array of clients such as corporate campuses, healthcare facilities, multi-family residential properties, retail centers and municipalities.

BrightView’s service portfolio covers routine grounds maintenance, landscape construction and design-build, irrigation system installation and management, tree care, seasonal color programs and snow and ice management.