BrightView Holdings, Inc. (NYSE:BV) Receives Average Rating of “Hold” from Analysts

BrightView Holdings, Inc. (NYSE:BV) has been given an average recommendation of “Hold” by the nine ratings firms that are currently covering the stock, MarketBeat.com reports. Three research analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation, two have assigned a buy recommendation and two have issued a strong buy recommendation on the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $14.6833.

BV has been the topic of a number of analyst reports. CJS Securities upgraded shares of BrightView to a “strong-buy” rating in a research report on Thursday, December 11th. JPMorgan Chase & Co. upped 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. Weiss Ratings cut shares of BrightView from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, February 4th. The Goldman Sachs Group reaffirmed a “sell” rating and issued a $11.10 target price on shares of BrightView in a report on Monday, February 9th. Finally, Morgan Stanley increased their price target on shares of BrightView from $13.00 to $14.00 and gave the stock an “equal weight” rating in a report on Monday, March 2nd.

BrightView Stock Down 0.5%

BV opened at $11.71 on Friday. BrightView has a 52 week low of $11.06 and a 52 week high of $17.10. The business has a 50 day moving average price of $12.87 and a two-hundred day moving average price of $12.85. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.64. The company has a market cap of $1.10 billion, a PE ratio of -585.60 and a beta of 1.29.

BrightView (NYSE:BV) last announced its earnings results on Tuesday, February 3rd. The company reported ($0.01) earnings per share 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 company had revenue of $614.70 million during the quarter, compared to analysts’ expectations of $589.91 million. During the same quarter last year, the business posted $0.04 earnings per share. The company’s revenue for the quarter was up 2.6% compared to the same quarter last year. As a group, research analysts anticipate that BrightView will post 0.73 EPS for the current year.

Insider Transactions at BrightView

In other BrightView news, Director William L. Cornog bought 5,000 shares of the company’s stock in a transaction on Friday, February 6th. The shares were bought at an average price of $13.46 per share, for a total transaction of $67,300.00. Following the transaction, the director owned 5,000 shares of the company’s stock, valued at approximately $67,300. This trade represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 2.80% of the company’s stock.

Institutional Trading of BrightView

A number of institutional investors have recently modified their holdings of BV. ProShare Advisors LLC grew its holdings in BrightView by 6.9% during the fourth quarter. ProShare Advisors LLC now owns 13,138 shares of the company’s stock worth $166,000 after acquiring an additional 848 shares during the period. Creative Planning lifted its holdings in BrightView by 3.9% in the second quarter. Creative Planning now owns 22,841 shares of the company’s stock valued at $380,000 after acquiring an additional 858 shares during the period. Redmond Asset Management LLC boosted its position in shares of 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 grew its stake in shares of 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 during the period. Finally, Rhumbline Advisers grew its stake in shares of BrightView by 1.9% during 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. 92.41% of the stock is currently owned by hedge funds and other institutional investors.

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.