Brokerages Set BrightView Holdings, Inc. (NYSE:BV) Target Price at $14.52

Shares of BrightView Holdings, Inc. (NYSE:BV) have been assigned a consensus recommendation of “Hold” from the nine analysts that are covering the company, MarketBeat.com reports. Three equities research analysts have rated the stock with a sell rating, two have issued a hold rating, two have assigned a buy rating and two have assigned a strong buy rating to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $14.5167.

A number of research firms have issued reports on BV. JPMorgan Chase & Co. increased their target price on shares of BrightView from $12.00 to $13.00 and gave the stock an “underweight” rating in a research report on Thursday, February 5th. CJS Securities upgraded BrightView to a “strong-buy” rating in a report on Thursday, December 11th. Weiss Ratings cut BrightView from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, February 4th. BTIG Research started coverage on BrightView in a research report on Monday, December 1st. They issued a “buy” rating and a $15.00 target price on the stock. Finally, Morgan Stanley raised their price target on BrightView from $12.00 to $13.00 and gave the stock an “equal weight” rating in a research note on Wednesday, December 17th.

Insider Activity at BrightView

In other news, EVP Jonathan Mark Gottsegen sold 35,000 shares of the firm’s stock in a transaction on Monday, December 1st. The shares were sold at an average price of $12.62, for a total transaction of $441,700.00. Following the transaction, the executive vice president owned 142,958 shares in the company, valued at approximately $1,804,129.96. This trade represents a 19.67% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director William L. Cornog acquired 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 2nd. The stock was acquired at an average price of $12.84 per share, with a total value of $128,400.00. Following the completion of the acquisition, the director directly owned 30,000 shares of the company’s stock, valued at $385,200. This represents a 50.00% increase in their position. The SEC filing for this purchase provides additional information. 2.80% of the stock is currently owned by company insiders.

Institutional Trading of BrightView

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. IFP Advisors Inc boosted its stake in shares of BrightView by 54.2% during the 2nd quarter. IFP Advisors Inc now owns 2,385 shares of the company’s stock worth $40,000 after acquiring an additional 838 shares in the last quarter. ProShare Advisors LLC lifted its holdings in BrightView by 6.9% in the 4th quarter. ProShare Advisors LLC now owns 13,138 shares of the company’s stock worth $166,000 after purchasing an additional 848 shares during the last quarter. Creative Planning boosted its position in BrightView by 3.9% during the second quarter. Creative Planning now owns 22,841 shares of the company’s stock worth $380,000 after purchasing an additional 858 shares during the period. Redmond Asset Management LLC grew its holdings in BrightView by 0.5% during the third quarter. Redmond Asset Management LLC now owns 172,478 shares of the company’s stock valued at $2,311,000 after purchasing an additional 871 shares during the last quarter. Finally, Anchor Capital Advisors LLC grew its holdings 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. Institutional investors and hedge funds own 92.41% of the company’s stock.

BrightView Trading Up 0.8%

Shares of NYSE BV opened at $13.72 on Thursday. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.64. BrightView has a one year low of $11.06 and a one year high of $17.10. The business has a 50-day moving average price of $13.13 and a two-hundred day moving average price of $13.31. The firm has a market capitalization of $1.29 billion, a PE ratio of -685.75 and a beta of 1.28.

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