Brokerages Set BrightView Holdings, Inc. (NYSE:BV) Price Target at $14.68

BrightView Holdings, Inc. (NYSE:BV) has earned an average recommendation of “Hold” from the nine ratings firms that are currently covering the stock, MarketBeat reports. Three analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation, two have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $14.6833.

BV has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. increased their price objective on shares of BrightView from $12.00 to $13.00 and gave the company an “underweight” rating in a research report on Thursday, February 5th. Robert W. Baird cut their price target on BrightView from $19.00 to $15.00 and set an “outperform” rating on the stock in a research note on Thursday, November 20th. CJS Securities raised BrightView to a “strong-buy” rating in a research report on Thursday, December 11th. Weiss Ratings lowered BrightView from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, February 4th. Finally, Morgan Stanley upped their price target on BrightView from $13.00 to $14.00 and gave the company an “equal weight” rating in a report on Monday, March 2nd.

BrightView Price Performance

Shares of BV opened at $11.75 on Monday. The company has a market cap of $1.11 billion, a P/E ratio of -587.70 and a beta of 1.26. BrightView has a fifty-two week low of $11.06 and a fifty-two week high of $17.10. 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 firm’s 50 day moving average price is $13.29 and its 200 day moving average price is $13.13.

BrightView (NYSE:BV) last posted its quarterly earnings results on Tuesday, February 3rd. The company reported ($0.01) EPS for the quarter, missing the consensus estimate of $0.01 by ($0.02). BrightView had a return on equity of 7.85% and a net margin of 1.90%.The business had revenue of $614.70 million during the quarter, compared to analyst estimates of $589.91 million. During the same quarter last year, the firm earned $0.04 EPS. The business’s revenue was up 2.6% on a year-over-year basis. On average, research analysts forecast that BrightView will post 0.73 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director William L. Cornog purchased 5,000 shares of BrightView stock in a transaction that occurred on Friday, February 6th. The stock was purchased at an average cost of $13.46 per share, with a total value of $67,300.00. Following the completion of the transaction, the director directly owned 5,000 shares in the company, valued at approximately $67,300. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.80% of the stock is owned by corporate insiders.

Institutional Trading of BrightView

A number of large investors have recently made changes to their positions in BV. Bfsg LLC purchased a new position in shares of BrightView during the fourth quarter worth approximately $49,000. State of Alaska Department of Revenue purchased a new position in BrightView during the 3rd quarter worth $85,000. BNP Paribas Financial Markets increased its stake in BrightView by 66.8% in the second quarter. BNP Paribas Financial Markets now owns 5,591 shares of the company’s stock valued at $93,000 after purchasing an additional 2,240 shares during the period. Tower Research Capital LLC TRC raised its holdings in shares of BrightView by 225.8% in the second quarter. Tower Research Capital LLC TRC now owns 5,640 shares of the company’s stock valued at $94,000 after buying an additional 3,909 shares during the last quarter. Finally, Glenmede Investment Management LP acquired a new stake in shares of BrightView during the third quarter worth about $139,000. 92.41% of the stock is owned by institutional investors and hedge funds.

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.