Analysts Set BrightView Holdings, Inc. (NYSE:BV) PT at $14.68

Shares of BrightView Holdings, Inc. (NYSE:BV) have received a consensus recommendation of “Hold” from the nine analysts that are presently covering the company, MarketBeat reports. Three investment analysts have rated the stock with a sell rating, two have assigned a hold rating, two have issued a buy rating and two have issued a strong buy rating on the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $14.6833.

BV has been the subject of several research analyst reports. Morgan Stanley lifted their price target on shares of BrightView from $13.00 to $14.00 and gave the company an “equal weight” rating in a research note on Monday, March 2nd. The Goldman Sachs Group reaffirmed a “sell” rating and set a $11.10 price target on shares of BrightView in a research note on Monday, February 9th. JPMorgan Chase & Co. lifted their price target on shares of BrightView from $12.00 to $13.00 and gave the company an “underweight” rating in a research note on Thursday, February 5th. Finally, Weiss Ratings downgraded shares of BrightView from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, February 4th.

BrightView Stock Down 1.3%

Shares of NYSE BV opened at $11.74 on Tuesday. The company has a market cap of $1.11 billion, a P/E ratio of -587.10 and a beta of 1.20. The firm has a 50-day simple moving average of $12.31 and a two-hundred day simple moving average of $12.67. BrightView has a 1 year low of $11.06 and a 1 year high of $17.10. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.26 and a quick ratio of 1.26.

BrightView (NYSE:BV) last posted its quarterly 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 for the quarter, compared to the consensus estimate of $589.91 million. During the same period in the prior year, the firm posted $0.04 EPS. The business’s revenue was up 2.6% on a year-over-year basis. Research analysts anticipate that BrightView will post 0.59 earnings per share for the current year.

Insider Buying and Selling at BrightView

In related news, Director William L. Cornog purchased 5,000 shares of the firm’s stock in a transaction dated Friday, February 6th. The stock was purchased at an average price of $13.46 per share, with a total value of $67,300.00. Following the completion of the purchase, the director owned 5,000 shares of the company’s stock, valued at approximately $67,300. The trade was a ? increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 2.80% of the company’s stock.

Hedge Funds Weigh In On BrightView

Several institutional investors have recently bought and sold shares of BV. Bfsg LLC purchased a new position in BrightView during the fourth quarter valued at approximately $49,000. State of Alaska Department of Revenue purchased a new position in BrightView during the third quarter valued at approximately $85,000. BNP Paribas Financial Markets increased its holdings in BrightView by 66.8% during the second quarter. BNP Paribas Financial Markets now owns 5,591 shares of the company’s stock valued at $93,000 after buying an additional 2,240 shares during the period. Tower Research Capital LLC TRC increased its holdings in BrightView by 225.8% during the second quarter. Tower Research Capital LLC TRC now owns 5,640 shares of the company’s stock valued at $94,000 after buying an additional 3,909 shares during the period. Finally, Glenmede Investment Management LP purchased a new position in BrightView during the third quarter valued at approximately $139,000. 92.41% of the stock is 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.