BrightView Holdings, Inc. (NYSE:BV) Receives Consensus Recommendation of “Moderate Buy” from Analysts

BrightView Holdings, Inc. (NYSE:BV) has received a consensus rating of “Moderate Buy” from the ten brokerages that are covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $17.11.

BV has been the topic of a number of recent research reports. Robert W. Baird lifted their price objective on shares of BrightView from $18.00 to $20.00 and gave the company an “outperform” rating in a report on Thursday, November 14th. Loop Capital lifted their price target on shares of BrightView from $18.00 to $20.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Morgan Stanley increased their price objective on shares of BrightView from $15.00 to $16.00 and gave the stock an “equal weight” rating in a research note on Thursday, December 12th. The Goldman Sachs Group lifted their target price on BrightView from $11.30 to $12.90 and gave the company a “sell” rating in a research report on Friday, November 15th. Finally, BTIG Research started coverage on BrightView in a research report on Monday, December 2nd. They set a “buy” rating and a $22.00 price target for the company.

BrightView Price Performance

Shares of NYSE BV opened at $15.53 on Wednesday. The company has a fifty day moving average price of $16.29 and a 200 day moving average price of $15.78. The firm has a market cap of $1.48 billion, a PE ratio of 141.15 and a beta of 1.30. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.63. BrightView has a 1-year low of $8.12 and a 1-year high of $18.89.

BrightView (NYSE:BV) last posted its quarterly earnings data on Wednesday, November 13th. The company reported $0.30 earnings per share for the quarter, topping the consensus estimate of $0.28 by $0.02. BrightView had a return on equity of 7.65% and a net margin of 2.40%. The company had revenue of $728.70 million during the quarter, compared to analysts’ expectations of $723.01 million. BrightView’s revenue for the quarter was down 2.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.14 earnings per share. Research analysts predict that BrightView will post 0.75 earnings per share for the current fiscal year.

Insider Buying and Selling at BrightView

In other BrightView news, EVP Jonathan Mark Gottsegen sold 29,658 shares of the company’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $16.06, for a total value of $476,307.48. Following the transaction, the executive vice president now directly owns 100,354 shares in the company, valued at $1,611,685.24. The trade was a 22.81 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 2.20% of the company’s stock.

Institutional Trading of BrightView

Hedge funds and other institutional investors have recently modified their holdings of the stock. Millburn Ridgefield Corp acquired a new stake in BrightView during the third quarter worth approximately $45,000. FMR LLC increased its stake in shares of BrightView by 293.4% during the third quarter. FMR LLC now owns 6,884 shares of the company’s stock worth $108,000 after purchasing an additional 5,134 shares during the period. Quest Partners LLC acquired a new stake in BrightView during the 3rd quarter worth approximately $153,000. Kathmere Capital Management LLC bought a new stake in BrightView in the 2nd quarter valued at $133,000. Finally, XTX Topco Ltd acquired a new position in BrightView in the 3rd quarter valued at $184,000. Institutional investors own 92.41% of the company’s stock.

BrightView Company Profile

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.