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

BrightView Holdings, Inc. (NYSE:BV) has received an average rating of “Hold” from the nine ratings firms that are covering the stock, MarketBeat Ratings reports. Three research analysts have rated the stock with a sell rating, two have issued a hold rating, two have issued a buy rating and two have assigned a strong buy rating to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $14.6833.

Several equities analysts have weighed in on BV shares. Weiss Ratings downgraded BrightView from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, February 4th. JPMorgan Chase & Co. lifted their target price on BrightView from $12.00 to $13.00 and gave the company an “underweight” rating in a research report on Thursday, February 5th. Morgan Stanley lifted their target price on BrightView from $13.00 to $14.00 and gave the company an “equal weight” rating in a research report on Monday, March 2nd. CJS Securities raised BrightView to a “strong-buy” rating in a research report on Thursday, December 11th. Finally, The Goldman Sachs Group reaffirmed a “sell” rating and issued a $11.10 target price on shares of BrightView in a research report on Monday, February 9th.

BrightView Stock Up 0.3%

NYSE BV opened at $11.85 on Friday. BrightView has a 52 week low of $11.06 and a 52 week high of $17.10. 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 business’s fifty day simple moving average is $12.72 and its 200-day simple moving average is $12.79. The firm has a market cap of $1.12 billion, a PE ratio of -592.25 and a beta of 1.29.

BrightView (NYSE:BV) last posted its quarterly 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). The company had revenue of $614.70 million for the quarter, compared to analysts’ expectations of $589.91 million. BrightView had a return on equity of 7.85% and a net margin of 1.90%.The firm’s revenue was up 2.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.04 EPS. As a group, equities analysts anticipate that BrightView will post 0.73 earnings per share for the current year.

Insider Activity at BrightView

In related news, Director William L. Cornog acquired 5,000 shares of the stock in a transaction dated Friday, February 6th. The stock was acquired at an average cost of $13.46 per share, with a total value of $67,300.00. Following the completion of the transaction, the director owned 5,000 shares in the company, valued at $67,300. This represents a ? increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 2.80% of the company’s stock.

Hedge Funds Weigh In On BrightView

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BV. Bfsg LLC acquired a new position in BrightView in the fourth quarter valued at approximately $49,000. State of Alaska Department of Revenue acquired a new position in BrightView in the third quarter valued at approximately $85,000. BNP Paribas Financial Markets boosted its holdings in BrightView by 66.8% in the second quarter. BNP Paribas Financial Markets now owns 5,591 shares of the company’s stock valued at $93,000 after purchasing an additional 2,240 shares in the last quarter. Tower Research Capital LLC TRC boosted its holdings in BrightView by 225.8% in the second quarter. Tower Research Capital LLC TRC now owns 5,640 shares of the company’s stock valued at $94,000 after purchasing an additional 3,909 shares in the last quarter. Finally, Glenmede Investment Management LP acquired a new position in BrightView in the third quarter valued at approximately $139,000. 92.41% of the stock is owned by institutional investors and hedge funds.

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.