Analysts Set BrightView Holdings, Inc. (NYSE:BV) Price Target at $15.02

Shares of BrightView Holdings, Inc. (NYSE:BV) have been given an average recommendation of “Hold” by the ten ratings firms that are covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a sell recommendation, three have issued a hold recommendation, four have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year target price among analysts that have covered the stock in the last year is $15.30.

BV has been the topic of several research analyst reports. BTIG Research reissued a “buy” rating and issued a $16.00 price objective on shares of BrightView in a research report on Monday, May 11th. Weiss Ratings restated a “sell (d+)” rating on shares of BrightView in a research note on Monday, May 4th. Morgan Stanley boosted their target price on BrightView from $13.00 to $14.00 and gave the company an “equal weight” rating in a research note on Monday, March 2nd. Oppenheimer assumed coverage on BrightView in a research note on Wednesday, June 17th. They issued an “outperform” rating and a $17.00 target price on the stock. Finally, JPMorgan Chase & Co. upgraded BrightView from an “underweight” rating to a “neutral” rating and boosted their target price for the company from $13.00 to $14.00 in a research note on Thursday, May 7th.

BrightView Stock Up 0.2%

BV stock opened at $13.07 on Wednesday. The stock’s fifty day simple moving average is $12.47 and its two-hundred day simple moving average is $12.70. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 0.66. BrightView has a 1-year low of $11.06 and a 1-year high of $17.10. The stock has a market cap of $1.22 billion, a P/E ratio of -186.71 and a beta of 1.19.

BrightView (NYSE:BV) last posted its quarterly earnings data on Tuesday, May 5th. The company reported $0.09 earnings per share for the quarter, topping the consensus estimate of $0.08 by $0.01. BrightView had a return on equity of 7.25% and a net margin of 1.70%.The business had revenue of $702.90 million for the quarter, compared to analysts’ expectations of $638.80 million. During the same quarter in the previous year, the firm earned $0.14 earnings per share. The business’s revenue was up 6.1% on a year-over-year basis. Analysts expect that BrightView will post 0.56 EPS for the current year.

Institutional Trading of BrightView

Hedge funds have recently made changes to their positions in the company. Bfsg LLC bought a new stake in shares of BrightView in the fourth quarter valued at $49,000. BNP Paribas Financial Markets raised its stake in shares of 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 buying an additional 2,240 shares during the period. Tower Research Capital LLC TRC raised its stake in shares of 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 buying an additional 3,909 shares during the period. Glenmede Investment Management LP bought a new stake in shares of BrightView in the third quarter valued at $139,000. Finally, Man Group plc bought a new stake in shares of BrightView in the second quarter valued at $185,000. 92.41% of the stock is currently owned by 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.