BrightView Holdings, Inc. (NYSE:BV) Receives $15.02 Consensus Target Price from Analysts

Shares of BrightView Holdings, Inc. (NYSE:BV) have been assigned a consensus recommendation of “Hold” from the ten research firms that are covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, three have given a hold recommendation, four have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $15.30.

A number of equities research analysts have recently commented on BV shares. Weiss Ratings reiterated a “sell (d+)” rating on shares of BrightView in a research note on Monday, May 4th. JPMorgan Chase & Co. upgraded BrightView from an “underweight” rating to a “neutral” rating and lifted their target price for the stock from $13.00 to $14.00 in a research note on Thursday, May 7th. Oppenheimer started coverage on BrightView in a research note on Wednesday. They set an “outperform” rating and a $17.00 target price on the stock. Morgan Stanley lifted their target price on BrightView from $13.00 to $14.00 and gave the stock an “equal weight” rating in a research note on Monday, March 2nd. Finally, BTIG Research reiterated a “buy” rating and set a $16.00 target price on shares of BrightView in a research note on Monday, May 11th.

Institutional Investors Weigh In On BrightView

A number of hedge funds have recently made changes to their positions in BV. Bfsg LLC bought a new stake in BrightView in the 4th quarter valued at about $49,000. BNP Paribas Financial Markets raised its stake in BrightView by 66.8% in the 2nd quarter. BNP Paribas Financial Markets now owns 5,591 shares of the company’s stock valued at $93,000 after acquiring an additional 2,240 shares during the period. Tower Research Capital LLC TRC raised 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 valued at $94,000 after acquiring an additional 3,909 shares during the period. Glenmede Investment Management LP bought a new stake in BrightView in the 3rd quarter valued at about $139,000. Finally, Janney Montgomery Scott LLC bought a new stake in BrightView in the 1st quarter valued at about $145,000. 92.41% of the stock is currently owned by institutional investors.

BrightView Price Performance

Shares of NYSE:BV opened at $13.07 on Wednesday. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 0.66. The stock’s fifty day simple moving average is $12.47 and its two-hundred day simple moving average is $12.70. BrightView has a 1-year low of $11.06 and a 1-year high of $17.10. The stock has a market cap of $1.22 billion, a PE ratio of -186.71 and a beta of 1.19.

BrightView (NYSE:BV) last released its earnings results on Tuesday, May 5th. The company reported $0.09 EPS for the quarter, topping analysts’ consensus estimates of $0.08 by $0.01. The company had revenue of $702.90 million for the quarter, compared to analysts’ expectations of $638.80 million. BrightView had a return on equity of 7.25% and a net margin of 1.70%.The business’s revenue for the quarter was up 6.1% compared to the same quarter last year. During the same period in the previous year, the business posted $0.14 EPS. As a group, analysts forecast that BrightView will post 0.57 EPS for the current fiscal 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.