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

BrightView Holdings, Inc. (NYSE:BV) has been given an average recommendation of “Moderate Buy” by the eight ratings firms that are covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation, two have issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $14.70.

Several brokerages have recently commented on BV. BTIG Research assumed coverage on shares of BrightView in a report on Monday, December 1st. They issued a “buy” rating and a $15.00 price objective on the stock. Morgan Stanley upped their price target on BrightView from $12.00 to $13.00 and gave the stock an “equal weight” rating in a research note on Wednesday, December 17th. CJS Securities upgraded BrightView to a “strong-buy” rating in a research report on Thursday, December 11th. Zacks Research raised BrightView from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 4th. Finally, Robert W. Baird cut their price objective on BrightView from $19.00 to $15.00 and set an “outperform” rating on the stock in a report on Thursday, November 20th.

Insider Transactions at BrightView

In other BrightView news, Director William L. Cornog acquired 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 2nd. The stock was purchased at an average price of $12.84 per share, for a total transaction of $128,400.00. Following the completion of the acquisition, the director owned 30,000 shares of the company’s stock, valued at approximately $385,200. This trade represents a 50.00% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Jonathan Mark Gottsegen sold 35,000 shares of the company’s stock in a transaction that occurred on Monday, December 1st. The stock was sold at an average price of $12.62, for a total transaction of $441,700.00. Following the sale, the executive vice president directly owned 142,958 shares in the company, valued at approximately $1,804,129.96. The trade was a 19.67% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 2.20% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in BV. Nuveen LLC purchased a new stake in shares of BrightView in the 1st quarter valued at approximately $4,500,000. American Century Companies Inc. grew its stake in shares of BrightView by 11.5% during the first quarter. American Century Companies Inc. now owns 129,567 shares of the company’s stock worth $1,664,000 after purchasing an additional 13,336 shares in the last quarter. Hsbc Holdings PLC increased its holdings in BrightView by 91.8% in the first quarter. Hsbc Holdings PLC now owns 24,619 shares of the company’s stock valued at $311,000 after buying an additional 11,785 shares during the last quarter. Expect Equity LLC raised its stake in BrightView by 8.9% in the first quarter. Expect Equity LLC now owns 97,153 shares of the company’s stock valued at $1,247,000 after buying an additional 7,912 shares in the last quarter. Finally, Royal Bank of Canada raised its stake in BrightView by 4.7% in the first quarter. Royal Bank of Canada now owns 699,959 shares of the company’s stock valued at $8,988,000 after buying an additional 31,291 shares in the last quarter. Hedge funds and other institutional investors own 92.41% of the company’s stock.

BrightView Stock Performance

Shares of BrightView stock opened at $12.79 on Wednesday. The firm has a market cap of $1.21 billion, a PE ratio of 319.63 and a beta of 1.30. The company has a quick ratio of 1.30, a current ratio of 1.29 and a debt-to-equity ratio of 0.61. BrightView has a 52 week low of $11.06 and a 52 week high of $17.10. The business’s fifty day simple moving average is $12.57 and its 200-day simple moving average is $14.06.

BrightView (NYSE:BV) last issued its quarterly earnings data on Wednesday, November 19th. The company reported $0.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.05). BrightView had a return on equity of 8.43% and a net margin of 2.10%.The business had revenue of $702.80 million for the quarter, compared to analyst estimates of $718.03 million. During the same period in the previous year, the business posted $0.30 earnings per share. The firm’s revenue for the quarter was down 3.6% compared to the same quarter last year. Equities analysts forecast that BrightView will post 0.73 earnings per share for the current year.

About BrightView

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.