Brokerages Set BrightView Holdings, Inc. (NYSE:BV) Price Target at $14.35

Shares of BrightView Holdings, Inc. (NYSE:BV) have been assigned a consensus rating of “Hold” from the nine ratings firms that are currently covering the company, MarketBeat.com reports. Three investment analysts have rated the stock with a sell rating, two have assigned a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $14.10.

A number of equities research analysts recently issued reports on BV shares. Oppenheimer began coverage on shares of BrightView in a report on Wednesday, June 17th. They issued an “outperform” rating and a $17.00 price objective for the company. JPMorgan Chase & Co. raised BrightView from an “underweight” rating to a “neutral” rating and upped their target price for the stock from $13.00 to $14.00 in a research report on Thursday, May 7th. Weiss Ratings reiterated a “sell (d+)” rating on shares of BrightView in a report on Friday, July 31st. Wall Street Zen lowered shares of BrightView from a “hold” rating to a “sell” rating in a research report on Saturday, August 8th. Finally, Morgan Stanley dropped their price target 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.

Insider Transactions at BrightView

In other news, Director William L. Cornog bought 50,000 shares of the company’s stock in a transaction that occurred on Thursday, August 6th. The shares were purchased at an average price of $11.25 per share, for a total transaction of $562,500.00. Following the acquisition, the director directly owned 70,000 shares of the company’s stock, valued at $787,500. The trade was a 250.00% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 2.80% of the company’s stock.

Institutional Investors Weigh In On BrightView

Hedge funds and other institutional investors have recently made changes to their positions in the business. BlackRock Inc. acquired a new position in shares of BrightView during the 2nd quarter worth about $80,091,000. Private Management Group Inc. acquired a new stake in BrightView in the 4th quarter valued at approximately $7,468,000. Two Sigma Investments LP grew its holdings in BrightView by 1,964.7% in the 3rd quarter. Two Sigma Investments LP now owns 568,466 shares of the company’s stock valued at $7,617,000 after buying an additional 540,933 shares during the last quarter. Millennium Management LLC increased its position in BrightView by 54.2% in the 1st quarter. Millennium Management LLC now owns 1,456,682 shares of the company’s stock worth $18,704,000 after buying an additional 512,098 shares during the period. Finally, Pillsbury Lake Capital LLC bought a new position in BrightView in the 4th quarter worth approximately $6,208,000. 92.41% of the stock is owned by institutional investors and hedge funds.

BrightView Price Performance

NYSE BV opened at $11.60 on Thursday. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.71. The stock has a market capitalization of $1.08 billion, a PE ratio of -46.40, a price-to-earnings-growth ratio of 1.87 and a beta of 1.18. The company has a 50 day moving average price of $13.40 and a two-hundred day moving average price of $12.90. BrightView has a 12-month low of $10.42 and a 12-month high of $15.25.

BrightView (NYSE:BV) last announced 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). The business had revenue of $717.60 million for the quarter, compared to analyst estimates of $726.13 million. BrightView had a return on equity of 5.03% and a net margin of 0.74%.The business’s revenue for the quarter was up 1.3% compared to the same quarter last year. During the same quarter last year, the company earned $0.30 EPS. As a group, equities analysts predict that BrightView will post 0.4 earnings per share for the current fiscal year.

About BrightView

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.