BrightView Holdings, Inc. (NYSE:BV) Receives Average Recommendation of “Hold” from Brokerages

BrightView Holdings, Inc. (NYSE:BV) has been given a consensus rating of “Hold” by the nine analysts that are presently covering the company, MarketBeat.com reports. Three equities research analysts have rated the stock with a sell recommendation, two have issued a hold recommendation, three have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $14.10.

Several equities analysts recently issued reports on BV shares. Zacks Research lowered BrightView from a “hold” rating to a “strong sell” rating in a research note on Tuesday, July 14th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of BrightView in a research report on Friday, July 31st. Morgan Stanley reduced their price objective on shares of BrightView from $14.00 to $12.50 and set an “equal weight” rating on the stock in a research note on Thursday, August 6th. BTIG Research reaffirmed a “buy” rating and set a $16.00 price target on shares of BrightView in a research report on Monday, May 11th. Finally, Wall Street Zen lowered shares of BrightView from a “hold” rating to a “sell” rating in a research note on Saturday, August 8th.

Insider Transactions at BrightView

In related news, Director William Cornog acquired 50,000 shares of the stock in a transaction that occurred on Thursday, August 6th. The stock was purchased at an average cost of $11.25 per share, for a total transaction of $562,500.00. Following the purchase, the director directly owned 70,000 shares in the company, valued at $787,500. This represents a 250.00% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this link. 2.80% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On BrightView

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BV. ProShare Advisors LLC boosted its position in BrightView by 6.9% during the 4th quarter. ProShare Advisors LLC now owns 13,138 shares of the company’s stock worth $166,000 after acquiring an additional 848 shares during the period. Creative Planning lifted its position in BrightView by 3.9% in 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 lifted its position in BrightView by 0.7% in the fourth quarter. Redmond Asset Management LLC now owns 173,716 shares of the company’s stock worth $2,201,000 after purchasing an additional 1,238 shares during the period. Swiss National Bank boosted its stake in BrightView by 1.3% during the 4th quarter. Swiss National Bank now owns 140,400 shares of the company’s stock valued at $1,779,000 after purchasing an additional 1,800 shares in the last quarter. Finally, The Manufacturers Life Insurance Company boosted its stake in BrightView by 6.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 32,709 shares of the company’s stock valued at $545,000 after purchasing an additional 1,937 shares in the last quarter. 92.41% of the stock is owned by institutional investors.

BrightView Stock Up 0.2%

Shares of NYSE BV opened at $11.35 on Monday. The stock has a market cap of $1.06 billion, a PE ratio of -45.40, a P/E/G ratio of 1.88 and a beta of 1.17. 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 12-month low of $10.42 and a 12-month high of $15.00. The company has a 50-day moving average of $12.80 and a 200 day moving average of $12.65.

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

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.