BrightView Holdings, Inc. (NYSE:BV) Given Consensus Recommendation of “Moderate Buy” by Brokerages

BrightView Holdings, Inc. (NYSE:BV) has received a consensus rating of “Moderate Buy” from the eight ratings firms that are presently covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating, three have assigned a buy rating and two have assigned a strong buy rating to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $15.47.

Several research firms recently issued reports on BV. Robert W. Baird raised shares of BrightView from a “neutral” rating to an “outperform” rating and upped their price target for the company from $13.00 to $17.00 in a report on Tuesday, July 30th. Morgan Stanley began coverage on shares of BrightView in a research report on Thursday. They set an “equal weight” rating and a $16.00 price target on the stock. Baird R W raised BrightView from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 30th. Loop Capital raised BrightView to a “strong-buy” rating in a report on Tuesday, July 30th. Finally, Jefferies Financial Group upgraded BrightView from a “hold” rating to a “buy” rating and boosted their price target for the company from $13.00 to $17.00 in a report on Wednesday.

Institutional Investors Weigh In On BrightView

A number of institutional investors have recently added to or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in BrightView by 59.6% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,302 shares of the company’s stock valued at $61,000 after acquiring an additional 2,726 shares during the last quarter. Russell Investments Group Ltd. acquired a new stake in BrightView during the fourth quarter valued at approximately $91,000. Teacher Retirement System of Texas bought a new stake in BrightView during the fourth quarter worth approximately $92,000. Aigen Investment Management LP acquired a new position in BrightView in the fourth quarter worth approximately $94,000. Finally, Innealta Capital LLC bought a new position in shares of BrightView in the second quarter valued at $102,000. 92.41% of the stock is currently owned by institutional investors and hedge funds.

BrightView Price Performance

Shares of NYSE BV opened at $15.73 on Friday. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.45 and a quick ratio of 1.67. BrightView has a 1-year low of $6.58 and a 1-year high of $15.90. The company has a market capitalization of $1.49 billion, a price-to-earnings ratio of 78.65 and a beta of 1.29. The business has a 50-day moving average of $13.83 and a 200-day moving average of $12.21.

BrightView (NYSE:BV) last posted its earnings results on Wednesday, July 31st. The company reported $0.32 EPS for the quarter, hitting analysts’ consensus estimates of $0.32. The business had revenue of $738.80 million for the quarter, compared to analysts’ expectations of $736.94 million. BrightView had a net margin of 2.06% and a return on equity of 6.27%. The business’s revenue for the quarter was down 3.6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.40 earnings per share. On average, equities analysts anticipate that BrightView will post 0.65 EPS for the current fiscal year.

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.