BrightView Holdings, Inc. (NYSE:BV) Stock Has Average Target Price of $14.10

Shares of BrightView Holdings, Inc. (NYSE:BV) have been given an average recommendation of “Hold” by the nine ratings firms that are covering the company, MarketBeat reports. Three research analysts have rated the stock with a sell rating, two have issued a hold rating, three have issued a buy rating and one has issued a strong buy rating on the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $14.10.

Several research analysts have weighed in on BV shares. Weiss Ratings restated a “sell (d+)” rating on shares of BrightView in a report on Friday, July 31st. Zacks Research downgraded shares of BrightView from a “hold” rating to a “strong sell” rating in a research report on Tuesday, July 14th. Wall Street Zen upgraded shares of BrightView from a “sell” rating to a “hold” rating in a report on Saturday, September 12th. Morgan Stanley dropped their price target on shares of BrightView from $14.00 to $12.50 and set an “equal weight” rating on the stock in a research report on Thursday, August 6th. Finally, Robert W. Baird set a $14.00 price target on BrightView in a research note on Wednesday, August 5th.

BrightView Stock Down 1.9%

BrightView stock opened at $10.06 on Friday. The company has a market capitalization of $938.06 million, a PE ratio of -40.26, a PEG ratio of 1.70 and a beta of 1.17. BrightView has a 12-month low of $9.81 and a 12-month high of $15.00. The firm’s fifty day moving average is $11.58 and its 200 day moving average is $12.33. 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 posted its quarterly 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). BrightView had a net margin of 0.74% and a return on equity of 5.03%. The company had revenue of $717.60 million during the quarter, compared to the consensus estimate of $726.13 million. During the same period last year, the firm posted $0.30 earnings per share. The company’s revenue for the quarter was up 1.3% on a year-over-year basis. As a group, sell-side analysts predict that BrightView will post 0.4 EPS for the current fiscal year.

Insider Activity

In related news, Director William Cornog purchased 50,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 6th. The stock was acquired at an average price of $11.25 per share, for a total transaction of $562,500.00. Following the completion of the acquisition, the director owned 70,000 shares of the company’s stock, valued at $787,500. This represents a 250.00% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.80% of the stock is currently owned by insiders.

Hedge Funds Weigh In On BrightView

Several large investors have recently bought and sold shares of BV. BlackRock Inc. purchased a new position in BrightView during the second quarter worth about $80,091,000. Punch & Associates Investment Management Inc. purchased a new stake in BrightView in the 2nd quarter valued at about $16,778,000. Pillsbury Lake Capital LLC purchased a new stake in BrightView in the 2nd quarter valued at about $7,126,901. Algert Global LLC lifted its position in shares of BrightView by 1,141.5% during the 2nd quarter. Algert Global LLC now owns 476,749 shares of the company’s stock worth $6,756,000 after buying an additional 438,349 shares in the last quarter. Finally, Empowered Funds LLC bought a new position in shares of BrightView during the 2nd quarter worth approximately $6,189,000. 92.41% of the stock is currently owned by institutional investors.

About BrightView

BrightView Holdings, Inc provides commercial landscaping services in the United States. The company serves businesses, municipalities, educational institutions, healthcare facilities, homeowners’ associations, sports and entertainment venues, and other organizations that require landscape management and related outdoor services.

Its services include landscape maintenance, landscape design and development, irrigation installation and management, tree care, water management, and snow and ice removal.