Analysts Set BrightView Holdings, Inc. (NYSE:BV) PT at $14.68

BrightView Holdings, Inc. (NYSE:BV) has received an average recommendation of “Hold” from the nine analysts that are covering the firm, MarketBeat Ratings reports. Three investment analysts have rated the stock with a sell recommendation, two have issued a hold recommendation, two have assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $14.6833.

A number of analysts have recently weighed in on BV shares. The Goldman Sachs Group reissued a “sell” rating and issued a $11.10 price objective on shares of BrightView in a research report on Monday, February 9th. Weiss Ratings cut BrightView from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, February 4th. JPMorgan Chase & Co. raised their price target on BrightView from $12.00 to $13.00 and gave the stock an “underweight” rating in a report on Thursday, February 5th. Morgan Stanley upped their price objective on shares of BrightView from $13.00 to $14.00 and gave the company an “equal weight” rating in a report on Monday, March 2nd. Finally, CJS Securities upgraded shares of BrightView to a “strong-buy” rating in a research note on Thursday, December 11th.

Insider Activity

In related news, Director William L. Cornog acquired 5,000 shares of the stock in a transaction dated Friday, February 6th. The stock was acquired at an average cost of $13.46 per share, for a total transaction of $67,300.00. Following the completion of the purchase, the director owned 5,000 shares of the company’s stock, valued at approximately $67,300. This represents a ∞ increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 2.80% of the company’s stock.

Institutional Trading of BrightView

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Van Berkom & Associates Inc. purchased a new stake in BrightView during the 3rd quarter valued at about $61,076,000. William Blair Investment Management LLC acquired a new stake in shares of BrightView during the third quarter worth about $25,565,000. Cooke & Bieler LP lifted its holdings in shares of BrightView by 40.9% during the third quarter. Cooke & Bieler LP now owns 3,568,050 shares of the company’s stock worth $47,812,000 after purchasing an additional 1,035,820 shares during the period. Interval Partners LP boosted its position in BrightView by 60.5% in the third quarter. Interval Partners LP now owns 1,641,988 shares of the company’s stock valued at $22,003,000 after buying an additional 618,875 shares during the last quarter. Finally, Private Management Group Inc. acquired a new position in BrightView in the 4th quarter worth approximately $7,468,000. Institutional investors and hedge funds own 92.41% of the company’s stock.

BrightView Stock Up 0.0%

Shares of BrightView stock opened at $11.71 on Friday. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.64. The company has a market cap of $1.10 billion, a P/E ratio of -585.60 and a beta of 1.29. The firm’s 50 day moving average price is $12.84 and its 200-day moving average price is $12.83. BrightView has a 52-week low of $11.06 and a 52-week high of $17.10.

BrightView (NYSE:BV) last announced its earnings results on Tuesday, February 3rd. The company reported ($0.01) earnings per share 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 analyst estimates of $589.91 million. During the same quarter last year, the business earned $0.04 earnings per share. BrightView’s revenue was up 2.6% on a year-over-year basis. On average, sell-side analysts predict that BrightView will post 0.73 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.