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

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

A number of equities research analysts have recently issued reports on the stock. Loop Capital increased their price target on shares of BrightView from $18.00 to $20.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. The Goldman Sachs Group increased their target price on BrightView from $11.30 to $12.90 and gave the stock a “sell” rating in a report on Friday, November 15th. William Blair upgraded BrightView from a “market perform” rating to an “outperform” rating in a report on Friday, November 15th. BTIG Research assumed coverage on BrightView in a research note on Monday, December 2nd. They set a “buy” rating and a $22.00 price objective on the stock. Finally, Robert W. Baird lifted their price objective on shares of BrightView from $18.00 to $20.00 and gave the stock an “outperform” rating in a report on Thursday, November 14th.

BrightView Price Performance

Shares of BrightView stock opened at $16.04 on Friday. The stock has a market capitalization of $1.52 billion, a P/E ratio of 145.83 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. The business’s fifty day moving average price is $16.79 and its 200 day moving average price is $15.38. BrightView has a twelve month low of $7.75 and a twelve month high of $18.89.

BrightView (NYSE:BV) last announced its quarterly earnings results on Wednesday, November 13th. The company reported $0.30 earnings per share for the quarter, beating analysts’ consensus estimates of $0.28 by $0.02. The firm had revenue of $728.70 million for the quarter, compared to analysts’ expectations of $723.01 million. BrightView had a net margin of 2.40% and a return on equity of 7.65%. BrightView’s revenue was down 2.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.14 earnings per share. As a group, research analysts anticipate that BrightView will post 0.75 earnings per share for the current year.

Insider Activity

In related news, EVP Jonathan Mark Gottsegen sold 29,658 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the executive vice president now owns 100,354 shares in the company, valued at approximately $1,611,685.24. This represents a 22.81 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.40% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On BrightView

Several institutional investors and hedge funds have recently bought and sold shares of the business. State Street Corp grew its holdings in shares of BrightView by 17.1% during the 3rd quarter. State Street Corp now owns 1,211,909 shares of the company’s stock valued at $19,075,000 after acquiring an additional 177,105 shares in the last quarter. Thompson Siegel & Walmsley LLC acquired a new stake in BrightView during the second quarter valued at $560,000. Driehaus Capital Management LLC purchased a new position in BrightView in the second quarter valued at about $13,086,000. Telemark Asset Management LLC increased its position in BrightView by 14.3% in the 3rd quarter. Telemark Asset Management LLC now owns 800,000 shares of the company’s stock worth $12,592,000 after purchasing an additional 100,000 shares during the last quarter. Finally, Harvey Partners LLC raised its stake in shares of BrightView by 9.1% during the 3rd quarter. Harvey Partners LLC now owns 1,870,000 shares of the company’s stock worth $29,434,000 after purchasing an additional 156,500 shares in the last quarter. Hedge funds and other institutional investors 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.