BrightView Holdings, Inc. (NYSE:BV) Receives $14.10 Average Price Target from Brokerages

BrightView Holdings, Inc. (NYSE:BV) has received an average rating of “Hold” from the nine ratings firms that are covering the firm, MarketBeat.com reports. Three equities research analysts have rated the stock with a sell rating, two have given a hold rating, three have assigned a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $14.10.

Several research firms have issued reports on BV. BTIG Research reissued a “buy” rating and set a $16.00 price target on shares of BrightView in a report on Monday, May 11th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of BrightView in a research note on Friday, July 31st. Zacks Research cut BrightView from a “hold” rating to a “strong sell” rating in a research report on Tuesday, July 14th. Robert W. Baird set a $14.00 price objective on BrightView in a research note on Wednesday, August 5th. Finally, Wall Street Zen lowered shares of BrightView from a “hold” rating to a “sell” rating in a report on Saturday, August 8th.

Insider Buying and Selling at BrightView

In other news, Director William Cornog acquired 50,000 shares of BrightView stock in a transaction dated Thursday, August 6th. The stock was purchased at an average cost of $11.25 per share, with a total value of $562,500.00. Following the completion of the purchase, the director directly owned 70,000 shares in the company, valued at approximately $787,500. This trade represents a 250.00% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 2.80% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Public Employees Retirement System of Ohio purchased a new stake in shares of BrightView during the second quarter worth about $41,000. BNP Paribas Financial Markets lifted its holdings in BrightView by 66.8% in the 2nd quarter. BNP Paribas Financial Markets now owns 5,591 shares of the company’s stock worth $93,000 after purchasing an additional 2,240 shares in the last quarter. Tower Research Capital LLC TRC boosted its stake in BrightView by 225.8% in the 2nd quarter. Tower Research Capital LLC TRC now owns 5,640 shares of the company’s stock worth $94,000 after purchasing an additional 3,909 shares during the period. Glenmede Investment Management LP purchased a new stake in BrightView during the 3rd quarter valued at approximately $139,000. Finally, Janney Montgomery Scott LLC purchased a new stake in BrightView during the 1st quarter valued at approximately $145,000. Institutional investors own 92.41% of the company’s stock.

BrightView Stock Down 0.1%

BV opened at $11.35 on Monday. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.71. BrightView has a 1-year low of $10.42 and a 1-year high of $15.00. The company has a market capitalization of $1.06 billion, a PE ratio of -45.40, a PEG ratio of 1.88 and a beta of 1.17. The firm’s 50 day simple moving average is $12.80 and its two-hundred day simple moving average is $12.64.

BrightView (NYSE:BV) last issued its quarterly earnings data on Tuesday, August 4th. The company reported $0.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.12). The business had revenue of $717.60 million for the quarter, compared to the consensus estimate of $726.13 million. BrightView had a net margin of 0.74% and a return on equity of 5.03%. The company’s revenue was up 1.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.30 EPS. As a group, equities analysts forecast that BrightView will post 0.4 EPS for the current year.

BrightView Company Profile

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.