BrightView Holdings, Inc. (NYSE:BV) Given Consensus Recommendation of “Hold” by Analysts

BrightView Holdings, Inc. (NYSE:BV) has been assigned a consensus recommendation of “Hold” from the nine brokerages that are covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a sell recommendation, three have issued a hold recommendation, three have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $14.5167.

A number of equities research analysts recently issued reports on the stock. JPMorgan Chase & Co. raised shares of BrightView from an “underweight” rating to a “neutral” rating and upped their price target for the company from $13.00 to $14.00 in a research note on Thursday, May 7th. Weiss Ratings reissued a “sell (d+)” rating on shares of BrightView in a research note on Monday, May 4th. BTIG Research restated a “buy” rating and issued a $16.00 target price on shares of BrightView in a report on Monday, May 11th. Finally, Oppenheimer started coverage on shares of BrightView in a research report on Wednesday, June 17th. They set an “outperform” rating and a $17.00 target price on the stock.

BrightView Price Performance

Shares of BV traded up $0.01 during mid-day trading on Friday, hitting $14.30. 458,127 shares of the stock were exchanged, compared to its average volume of 761,151. The company has a market cap of $1.33 billion, a PE ratio of -204.34 and a beta of 1.17. BrightView has a 52-week low of $11.06 and a 52-week high of $16.52. The firm has a 50-day moving average of $13.07 and a two-hundred day moving average of $12.85. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.23 and a current ratio of 1.23.

BrightView (NYSE:BV) last posted its earnings results on Tuesday, May 5th. The company reported $0.09 EPS for the quarter, beating analysts’ consensus estimates of $0.08 by $0.01. BrightView had a return on equity of 7.25% and a net margin of 1.70%.The firm had revenue of $702.90 million during the quarter, compared to the consensus estimate of $638.80 million. During the same period in the prior year, the company earned $0.14 EPS. The company’s quarterly revenue was up 6.1% compared to the same quarter last year. On average, equities analysts predict that BrightView will post 0.56 earnings per share for the current year.

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. Dimensional Fund Advisors LP raised its position in BrightView by 3.8% during the first quarter. Dimensional Fund Advisors LP now owns 5,268,756 shares of the company’s stock valued at $62,118,000 after purchasing an additional 192,376 shares during the period. Van Berkom & Associates Inc. boosted its holdings in shares of BrightView by 3.7% in the 1st quarter. Van Berkom & Associates Inc. now owns 5,038,617 shares of the company’s stock worth $59,405,000 after purchasing an additional 179,757 shares during the period. Cooke & Bieler LP boosted its holdings in shares of BrightView by 2.3% in the 4th quarter. Cooke & Bieler LP now owns 3,648,496 shares of the company’s stock worth $46,226,000 after purchasing an additional 80,446 shares during the period. Harvey Partners LLC increased its position in shares of BrightView by 5.0% during the 3rd quarter. Harvey Partners LLC now owns 2,949,000 shares of the company’s stock valued at $39,517,000 after purchasing an additional 141,000 shares during the last quarter. Finally, Bessemer Group Inc. increased its position in shares of BrightView by 5.6% during the 1st quarter. Bessemer Group Inc. now owns 1,879,712 shares of the company’s stock valued at $22,162,000 after purchasing an additional 99,103 shares during the last quarter. 92.41% of the stock is currently owned by hedge funds and other institutional investors.

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.