BrightView Holdings, Inc. (NYSE:BV) Receives $14.52 Average Price Target from Analysts

Shares of BrightView Holdings, Inc. (NYSE:BV) have earned an average rating of “Hold” from the nine analysts that are currently covering the company, Marketbeat Ratings reports. Three research analysts have rated the stock with a sell recommendation, two have issued a hold recommendation, two have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $14.5167.

A number of research analysts have issued reports on the company. The Goldman Sachs Group restated a “sell” rating and issued a $11.10 price objective on shares of BrightView in a research note on Monday, February 9th. CJS Securities raised shares of BrightView to a “strong-buy” rating in a report on Thursday, December 11th. Zacks Research upgraded shares of BrightView from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 4th. JPMorgan Chase & Co. lifted their price objective on shares of BrightView from $12.00 to $13.00 and gave the stock an “underweight” rating in a research report on Thursday, February 5th. Finally, Robert W. Baird dropped their target price on shares of BrightView from $19.00 to $15.00 and set an “outperform” rating on the stock in a research note on Thursday, November 20th.

Insider Activity at BrightView

In other news, Director William L. Cornog purchased 10,000 shares of the company’s stock in a transaction dated Tuesday, December 2nd. The shares were purchased at an average price of $12.84 per share, with a total value of $128,400.00. Following the transaction, the director directly owned 30,000 shares of the company’s stock, valued at approximately $385,200. This represents a 50.00% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Jonathan Mark Gottsegen sold 35,000 shares of the stock in a transaction on Monday, December 1st. The stock was sold at an average price of $12.62, for a total value of $441,700.00. Following the transaction, the executive vice president owned 142,958 shares of the company’s stock, valued at $1,804,129.96. The trade was a 19.67% decrease in their position. The SEC filing for this sale provides additional information. 2.80% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On BrightView

Institutional investors have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP boosted its position in BrightView by 3.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 5,076,380 shares of the company’s stock worth $64,318,000 after purchasing an additional 155,059 shares during the period. Van Berkom & Associates Inc. lifted its stake in shares of BrightView by 6.6% during the 4th quarter. Van Berkom & Associates Inc. now owns 4,858,860 shares of the company’s stock valued at $61,562,000 after buying an additional 300,982 shares in the last quarter. Cooke & Bieler LP boosted its holdings in BrightView by 2.3% in the 4th quarter. Cooke & Bieler LP now owns 3,648,496 shares of the company’s stock worth $46,226,000 after buying an additional 80,446 shares during the period. Harvey Partners LLC grew its stake in BrightView by 5.0% in the 3rd quarter. Harvey Partners LLC now owns 2,949,000 shares of the company’s stock valued at $39,517,000 after buying an additional 141,000 shares in the last quarter. Finally, Bessemer Group Inc. raised its holdings in BrightView by 52.4% during the 2nd quarter. Bessemer Group Inc. now owns 2,424,001 shares of the company’s stock valued at $40,362,000 after acquiring an additional 833,469 shares during the period. 92.41% of the stock is owned by hedge funds and other institutional investors.

BrightView Price Performance

BV opened at $13.68 on Thursday. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.26 and a quick ratio of 1.26. The company has a market capitalization of $1.29 billion, a price-to-earnings ratio of -684.10 and a beta of 1.28. The firm’s fifty day moving average price is $13.06 and its two-hundred day moving average price is $13.35. BrightView has a 1 year low of $11.06 and a 1 year high of $17.10.

BrightView (NYSE:BV) last announced its earnings results on Tuesday, February 3rd. The company reported ($0.01) EPS for the quarter, missing the consensus estimate of $0.01 by ($0.02). BrightView had a net margin of 1.90% and a return on equity of 7.85%. The firm had revenue of $614.70 million during the quarter, compared to analysts’ expectations of $589.91 million. During the same quarter in the prior year, the company earned $0.04 EPS. The business’s revenue for the quarter was up 2.6% on a year-over-year basis. As a group, analysts anticipate that BrightView will post 0.73 earnings per share for the current fiscal 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.