BrightView Holdings, Inc. (NYSE:BV) Stock Has Consensus Target Price of $14.10 According to Analysts

Shares of BrightView Holdings, Inc. (NYSE:BV) have received a consensus rating of “Hold” from the nine analysts that are presently covering the firm, Marketbeat.com reports. Three research analysts have rated the stock with a sell recommendation, two have issued a hold recommendation, three have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $14.10.

Several research firms have issued reports on BV. Robert W. Baird set a $14.00 price objective on BrightView in a research report on Wednesday, August 5th. Morgan Stanley decreased their target price on shares of BrightView from $14.00 to $12.50 and set an “equal weight” rating on the stock in a research report on Thursday, August 6th. Oppenheimer initiated coverage on shares of BrightView in a research report on Wednesday, June 17th. They set an “outperform” rating and a $17.00 target price on the stock. Zacks Research cut shares of BrightView from a “hold” rating to a “strong sell” rating in a research note on Tuesday, July 14th. Finally, Wall Street Zen upgraded shares of BrightView from a “sell” rating to a “hold” rating in a report on Saturday, September 12th.

BrightView Stock Performance

NYSE BV opened at $10.40 on Friday. The stock has a market capitalization of $969.75 million, a price-to-earnings ratio of -41.62, a PEG ratio of 1.73 and a beta of 1.17. The business’s 50 day moving average is $11.74 and its two-hundred day moving average is $12.35. BrightView has a 12-month low of $9.81 and a 12-month high of $15.00. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.71.

BrightView (NYSE:BV) last posted its quarterly earnings results on Tuesday, August 4th. The company reported $0.17 EPS for the quarter, missing the consensus estimate of $0.29 by ($0.12). BrightView had a net margin of 0.74% and a return on equity of 5.03%. The business had revenue of $717.60 million during the quarter, compared to analyst estimates of $726.13 million. During the same period in the prior year, the business earned $0.30 earnings per share. The firm’s quarterly revenue was up 1.3% compared to the same quarter last year. Research analysts expect that BrightView will post 0.4 EPS for the current year.

Insider Buying and Selling

In related news, Director William Cornog bought 50,000 shares of the stock in a transaction on Thursday, August 6th. The shares were bought at an average cost of $11.25 per share, for a total transaction of $562,500.00. Following the completion of the transaction, the director owned 70,000 shares of the company’s stock, valued at $787,500. This represents a 250.00% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 2.80% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in BV. BlackRock Inc. purchased a new stake in shares of BrightView during the 2nd quarter worth approximately $80,091,000. Dimensional Fund Advisors LP increased its stake in BrightView by 3.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 5,268,756 shares of the company’s stock valued at $62,118,000 after purchasing an additional 192,376 shares in the last quarter. Van Berkom & Associates Inc. increased its stake in BrightView by 3.7% in the 1st quarter. Van Berkom & Associates Inc. now owns 5,038,617 shares of the company’s stock valued at $59,405,000 after purchasing an additional 179,757 shares in the last quarter. Bessemer Group Inc. increased its stake in BrightView by 5.6% in the 1st quarter. Bessemer Group Inc. now owns 1,879,712 shares of the company’s stock valued at $22,162,000 after purchasing an additional 99,103 shares in the last quarter. Finally, Punch & Associates Investment Management Inc. acquired a new position in BrightView during the second quarter worth $16,778,000. 92.41% of the stock is owned by hedge funds and other institutional investors.

About BrightView

BrightView Holdings, Inc provides commercial landscaping services in the United States. The company serves businesses, municipalities, educational institutions, healthcare facilities, homeowners’ associations, sports and entertainment venues, and other organizations that require landscape management and related outdoor services.

Its services include landscape maintenance, landscape design and development, irrigation installation and management, tree care, water management, and snow and ice removal.