BrightView Holdings, Inc. (NYSE:BV) Receives $17.98 Average Target Price from Brokerages

Shares of BrightView Holdings, Inc. (NYSE:BV) have been given an average rating of “Hold” by the eight brokerages that are presently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $17.98.

BV has been the topic of several research reports. Weiss Ratings restated a “hold (c-)” rating on shares of BrightView in a report on Wednesday, October 8th. Zacks Research upgraded shares of BrightView from a “strong sell” rating to a “hold” rating in a report on Tuesday. Finally, Wall Street Zen downgraded BrightView from a “buy” rating to a “hold” rating in a report on Saturday, August 9th.

BrightView Price Performance

Shares of BrightView stock opened at $11.88 on Tuesday. The stock has a market capitalization of $1.13 billion, a P/E ratio of 395.83 and a beta of 1.29. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 0.62. The business’s fifty day moving average price is $13.32 and its 200 day moving average price is $14.72. BrightView has a twelve month low of $11.81 and a twelve month high of $18.89.

BrightView (NYSE:BV) last released its quarterly earnings data on Wednesday, August 6th. The company reported $0.30 EPS for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.02). BrightView had a return on equity of 8.76% and a net margin of 2.00%.The firm had revenue of $708.30 million during the quarter, compared to analysts’ expectations of $763.43 million. During the same quarter last year, the business earned $0.32 earnings per share. The business’s revenue for the quarter was down 4.1% compared to the same quarter last year. As a group, research analysts anticipate that BrightView will post 0.73 earnings per share for the current year.

Insider Activity at BrightView

In related news, EVP Amanda Marie Orders sold 70,000 shares of the business’s stock in a transaction that occurred on Monday, August 25th. The stock was sold at an average price of $14.78, for a total transaction of $1,034,600.00. Following the transaction, the executive vice president directly owned 38,446 shares of the company’s stock, valued at approximately $568,231.88. The trade was a 64.55% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 2.20% of the company’s stock.

Institutional Investors Weigh In On BrightView

A number of hedge funds have recently bought and sold shares of BV. Rhumbline Advisers raised its position in shares of BrightView by 1.9% in the 3rd quarter. Rhumbline Advisers now owns 94,158 shares of the company’s stock valued at $1,262,000 after purchasing an additional 1,733 shares in the last quarter. Optimize Financial Inc raised its holdings in BrightView by 25.8% in the third quarter. Optimize Financial Inc now owns 22,078 shares of the company’s stock valued at $296,000 after acquiring an additional 4,524 shares in the last quarter. Van Berkom & Associates Inc. bought a new stake in shares of BrightView in the 3rd quarter worth about $61,076,000. State of Wyoming raised its stake in shares of BrightView by 42.1% in the 3rd quarter. State of Wyoming now owns 34,384 shares of the company’s stock valued at $461,000 after purchasing an additional 10,186 shares in the last quarter. Finally, Federated Hermes Inc. lifted its position in shares of BrightView by 0.9% during the third quarter. Federated Hermes Inc. now owns 372,741 shares of the company’s stock worth $4,995,000 after purchasing an additional 3,328 shares during the last quarter. Institutional investors and hedge funds own 92.41% of the company’s stock.

About BrightView

BrightView Holdings, Inc, through its subsidiaries, provides commercial landscaping services in the United States. It operates through two segments, Maintenance Services and Development Services. The Maintenance Services segment delivers a suite of recurring commercial landscaping services, including mowing, gardening, mulching and snow removal, water management, irrigation maintenance, tree care, golf course maintenance, and specialty turf maintenance.