BrightView Holdings, Inc. (NYSE:BV) Stock Has Average Price Target of $13.93

BrightView Holdings, Inc. (NYSE:BV) has been assigned a consensus rating of “Hold” from the nine ratings firms that are covering the company, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation, three have issued a hold recommendation, three have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year target price among analysts that have covered the stock in the last year is $13.93.

A number of research firms have recently commented on BV. Weiss Ratings reissued a “sell (d+)” rating on shares of BrightView in a research report on Friday, July 31st. Robert W. Baird set a $14.00 price target on shares of BrightView in a report on Wednesday, August 5th. Zacks Research raised shares of BrightView from a “strong sell” rating to a “hold” rating in a research note on Monday, October 5th. Wall Street Zen raised shares of BrightView from a “sell” rating to a “hold” rating in a research note on Saturday. Finally, Morgan Stanley cut their price objective on shares of BrightView from $12.50 to $11.50 and set an “equal weight” rating on the stock in a report on Tuesday, October 13th.

Insider Buying and Selling at BrightView

In other BrightView news, Director William Cornog bought 50,000 shares of the stock in a transaction dated Thursday, August 6th. The stock was bought at an average cost of $11.25 per share, for a total transaction of $562,500.00. Following the completion of the purchase, the director directly owned 70,000 shares of the company’s stock, valued at approximately $787,500. The trade was a 250.00% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 2.80% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. Public Employees Retirement System of Ohio purchased a new position in BrightView in the second quarter valued at about $41,000. Janney Montgomery Scott LLC acquired a new stake in BrightView during the 1st quarter valued at approximately $145,000. Mcmorgan & Co. LLC acquired a new stake in BrightView during the 2nd quarter valued at approximately $176,000. Sequoia Financial Advisors LLC purchased a new stake in BrightView during the 2nd quarter worth approximately $182,000. Finally, Amundi purchased a new stake in BrightView during the 1st quarter worth approximately $234,000. Institutional investors and hedge funds own 92.41% of the company’s stock.

BrightView Stock Up 1.0%

NYSE BV opened at $10.70 on Tuesday. The stock has a market cap of $996.96 million, a PE ratio of -42.79, a P/E/G ratio of 1.36 and a beta of 1.20. BrightView has a fifty-two week low of $9.81 and a fifty-two week high of $15.00. The business has a 50 day moving average price of $10.79 and a two-hundred day moving average price of $12.37. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.71.

BrightView (NYSE:BV) last issued its quarterly earnings data on Tuesday, August 4th. The company reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.29 by ($0.12). The firm had revenue of $717.60 million during the quarter, compared to analyst estimates of $726.13 million. BrightView had a net margin of 0.74% and a return on equity of 5.03%. The firm’s revenue was up 1.3% compared to the same quarter last year. During the same period last year, the business earned $0.30 EPS. As a group, sell-side analysts predict that BrightView will post 0.40 EPS for the current fiscal year.

BrightView Company Profile

BrightView Holdings, Inc (NYSE: BV) is a provider of commercial landscaping services in the United States. Through its maintenance operations, the company helps businesses, government facilities, sports venues, education campuses, healthcare properties and other organizations manage and maintain outdoor spaces.

BrightView’s services include landscape design and development, ongoing landscape maintenance, tree care, irrigation management, water conservation and snow and ice removal. Its landscape development work can include the installation of plants, turf, hardscapes, irrigation systems and other outdoor features, while its maintenance services are intended to support the appearance, health and functionality of managed properties.

The company was formed in 2014 through the combination of Brickman and ValleyCrest, two established landscaping businesses, and became a publicly traded company in 2018.