BrightView Holdings, Inc. (NYSE:BV) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of BrightView Holdings, Inc. (NYSE:BV) have been assigned an average rating of “Moderate Buy” from the eight research firms that are covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, two have assigned a buy rating and two have assigned a strong buy rating to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $14.70.

Several equities analysts have recently weighed in on BV shares. Robert W. Baird reduced their price target on BrightView from $19.00 to $15.00 and set an “outperform” rating for the company in a report on Thursday, November 20th. The Goldman Sachs Group dropped their target price on shares of BrightView from $13.50 to $10.50 and set a “sell” rating on the stock in a research note on Thursday, November 20th. BTIG Research began coverage on BrightView in a report on Monday, December 1st. They issued a “buy” rating and a $15.00 price objective for the company. Morgan Stanley lifted their price objective on BrightView from $12.00 to $13.00 and gave the stock an “equal weight” rating in a report on Wednesday, December 17th. Finally, Zacks Research raised shares of BrightView from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 4th.

Insider Buying and Selling

In related news, EVP Jonathan Mark Gottsegen sold 35,000 shares of the company’s stock in a transaction on Monday, December 1st. The shares were sold at an average price of $12.62, for a total value of $441,700.00. Following the completion of the transaction, 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 sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director William L. Cornog acquired 10,000 shares of the business’s stock in a transaction on Tuesday, December 2nd. The shares were bought at an average cost of $12.84 per share, with a total value of $128,400.00. Following the completion of the acquisition, the director owned 30,000 shares in the company, valued at approximately $385,200. This represents a 50.00% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders own 2.20% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. IFP Advisors Inc increased its stake in BrightView by 54.2% in the 2nd quarter. IFP Advisors Inc now owns 2,385 shares of the company’s stock worth $40,000 after acquiring an additional 838 shares during the last quarter. Creative Planning raised its holdings in BrightView by 3.9% during the 2nd quarter. Creative Planning now owns 22,841 shares of the company’s stock valued at $380,000 after buying an additional 858 shares during the period. Redmond Asset Management LLC raised 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 acquiring an additional 871 shares during the period. Anchor Capital Advisors LLC lifted its holdings in shares of BrightView by 2.0% in the 3rd quarter. Anchor Capital Advisors LLC now owns 69,777 shares of the company’s stock worth $935,000 after acquiring an additional 1,355 shares during the last quarter. Finally, Rhumbline Advisers boosted its stake in shares of BrightView by 1.9% during the 3rd quarter. Rhumbline Advisers now owns 94,158 shares of the company’s stock worth $1,262,000 after purchasing an additional 1,733 shares during the period. Hedge funds and other institutional investors own 92.41% of the company’s stock.

BrightView Price Performance

Shares of BrightView stock opened at $13.19 on Friday. The firm has a market capitalization of $1.25 billion, a PE ratio of 329.73 and a beta of 1.28. The company has a current ratio of 1.29, a quick ratio of 1.30 and a debt-to-equity ratio of 0.61. BrightView has a 12 month low of $11.06 and a 12 month high of $17.10. The business’s 50-day moving average price is $12.64 and its 200-day moving average price is $13.69.

BrightView (NYSE:BV) last issued its earnings results on Wednesday, November 19th. The company reported $0.27 EPS for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.05). The business had revenue of $702.80 million during the quarter, compared to analysts’ expectations of $718.03 million. BrightView had a return on equity of 8.43% and a net margin of 2.10%.BrightView’s revenue for the quarter was down 3.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.30 EPS. Sell-side 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.