BrightView Holdings, Inc. (NYSE:BV) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of BrightView Holdings, Inc. (NYSE:BV) have earned a consensus rating of “Moderate Buy” from the eight brokerages that are covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, three have issued a hold rating, two have issued a buy rating and two have issued a strong buy rating on the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $14.70.

BV has been the subject of several research analyst reports. Morgan Stanley upped their price objective on shares of BrightView from $12.00 to $13.00 and gave the company an “equal weight” rating in a research note on Wednesday, December 17th. CJS Securities raised BrightView to a “strong-buy” rating in a research report on Thursday, December 11th. BTIG Research assumed coverage on BrightView in a research note on Monday, December 1st. They set a “buy” rating and a $15.00 price target on the stock. Zacks Research raised BrightView from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 4th. Finally, Robert W. Baird reduced their price objective on BrightView from $19.00 to $15.00 and set an “outperform” rating for the company in a research note on Thursday, November 20th.

Insider Buying and Selling at BrightView

In other BrightView news, Director William L. Cornog purchased 10,000 shares of BrightView stock in a transaction that occurred on Tuesday, December 2nd. The stock was purchased at an average price of $12.84 per share, for a total transaction of $128,400.00. Following the transaction, the director directly owned 30,000 shares in the company, valued at $385,200. This trade represents a 50.00% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Jonathan Mark Gottsegen sold 35,000 shares of the stock in a transaction on Monday, December 1st. The stock was sold at an average price of $12.62, for a total transaction of $441,700.00. Following the sale, the executive vice president owned 142,958 shares of the company’s stock, valued at approximately $1,804,129.96. This represents a 19.67% decrease in their position. The disclosure for this sale is available in the SEC filing. 2.20% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On BrightView

Hedge funds and other institutional investors have recently made changes to their positions in the stock. IFP Advisors Inc raised its position in BrightView by 54.2% in the second quarter. IFP Advisors Inc now owns 2,385 shares of the company’s stock worth $40,000 after acquiring an additional 838 shares in the last quarter. Creative Planning increased its holdings in shares of BrightView by 3.9% in the 2nd quarter. Creative Planning now owns 22,841 shares of the company’s stock valued at $380,000 after purchasing an additional 858 shares in the last quarter. Redmond Asset Management LLC lifted its stake in shares of BrightView by 0.5% in the third quarter. Redmond Asset Management LLC now owns 172,478 shares of the company’s stock valued at $2,311,000 after purchasing an additional 871 shares during the period. Anchor Capital Advisors LLC boosted its holdings in BrightView by 2.0% during the third quarter. Anchor Capital Advisors LLC now owns 69,777 shares of the company’s stock worth $935,000 after buying an additional 1,355 shares in the last quarter. Finally, Rhumbline Advisers boosted its holdings in BrightView by 1.9% during the third quarter. Rhumbline Advisers now owns 94,158 shares of the company’s stock worth $1,262,000 after buying an additional 1,733 shares in the last quarter. Hedge funds and other institutional investors own 92.41% of the company’s stock.

BrightView Stock Performance

Shares of BrightView stock opened at $12.79 on Wednesday. The company has a quick ratio of 1.30, a current ratio of 1.29 and a debt-to-equity ratio of 0.61. BrightView has a 52 week low of $11.06 and a 52 week high of $17.10. The firm’s 50 day moving average is $12.57 and its two-hundred day moving average is $14.06. The firm has a market capitalization of $1.21 billion, a P/E ratio of 319.63 and a beta of 1.30.

BrightView (NYSE:BV) last issued its earnings results on Wednesday, November 19th. The company reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by ($0.05). BrightView had a net margin of 2.10% and a return on equity of 8.43%. The company had revenue of $702.80 million during the quarter, compared to analyst estimates of $718.03 million. During the same quarter in the previous year, the company posted $0.30 EPS. The company’s quarterly revenue was down 3.6% on a year-over-year basis. Research analysts forecast that BrightView will post 0.73 EPS 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.