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

Shares of BrightView Holdings, Inc. (NYSE:BV) have been assigned a consensus recommendation of “Moderate Buy” from the eight brokerages that are currently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, three have given a hold rating, two have assigned a buy rating and two have given a strong buy rating to the company. The average 12 month price target among analysts that have covered the stock in the last year is $14.70.

A number of equities analysts have issued reports on BV shares. Robert W. Baird cut their price target on BrightView from $19.00 to $15.00 and set an “outperform” rating on the stock in a report on Thursday, November 20th. CJS Securities raised BrightView to a “strong-buy” rating in a research report on Thursday, December 11th. Zacks Research upgraded BrightView from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 4th. The Goldman Sachs Group decreased their price objective on BrightView from $13.50 to $10.50 and set a “sell” rating for the company in a report on Thursday, November 20th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of BrightView in a research note on Wednesday, October 8th.

Insider Activity at BrightView

In related news, Director William L. Cornog acquired 10,000 shares of the company’s stock in a transaction on Tuesday, December 2nd. The shares were acquired at an average cost of $12.84 per share, for a total transaction of $128,400.00. Following the purchase, the director owned 30,000 shares in the company, valued at approximately $385,200. The trade was a 50.00% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Jonathan Mark Gottsegen sold 35,000 shares of the company’s stock in a transaction dated Monday, December 1st. The stock was sold at an average price of $12.62, for a total transaction of $441,700.00. Following the completion of the sale, the executive vice president directly owned 142,958 shares of the company’s stock, valued at $1,804,129.96. The trade was a 19.67% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 2.20% of the company’s stock.

Institutional Investors Weigh In On BrightView

Several large investors have recently added to or reduced their stakes in the company. IFP Advisors Inc boosted its holdings in BrightView by 54.2% in the 2nd quarter. IFP Advisors Inc now owns 2,385 shares of the company’s stock worth $40,000 after buying an additional 838 shares during the period. Creative Planning raised its stake in shares of BrightView by 3.9% during the 2nd quarter. Creative Planning now owns 22,841 shares of the company’s stock valued at $380,000 after purchasing an additional 858 shares during the period. Redmond Asset Management LLC lifted its holdings in BrightView by 0.5% during the 3rd quarter. Redmond Asset Management LLC now owns 172,478 shares of the company’s stock worth $2,311,000 after purchasing an additional 871 shares in the last quarter. Anchor Capital Advisors LLC lifted its holdings in BrightView by 2.0% during the 3rd quarter. Anchor Capital Advisors LLC now owns 69,777 shares of the company’s stock worth $935,000 after purchasing an additional 1,355 shares in the last quarter. Finally, Rhumbline Advisers boosted its stake in BrightView by 1.9% in the 3rd quarter. Rhumbline Advisers now owns 94,158 shares of the company’s stock worth $1,262,000 after purchasing an additional 1,733 shares during the period. Hedge funds and other institutional investors own 92.41% of the company’s stock.

BrightView Trading Down 0.9%

NYSE BV opened at $13.19 on Friday. The business’s 50-day moving average price is $12.64 and its two-hundred day moving average price is $13.69. The company has a current ratio of 1.29, a quick ratio of 1.30 and a debt-to-equity ratio of 0.61. BrightView has a 12 month low of $11.06 and a 12 month high of $17.10. The firm has a market capitalization of $1.25 billion, a PE ratio of 329.73 and a beta of 1.28.

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

BrightView Company Profile

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.