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

Shares of BrightView Holdings, Inc. (NYSE:BV) have received an average recommendation of “Hold” from the nine ratings firms that are covering the firm, MarketBeat Ratings reports. Three investment analysts have rated the stock with a sell rating, two have assigned a hold rating, two have given a buy rating and two have given a strong buy rating to the company. The average 12 month target price among brokers that have covered the stock in the last year is $14.6833.

Several equities analysts recently weighed in on BV shares. CJS Securities raised BrightView to a “strong-buy” rating in a research note on Thursday, December 11th. JPMorgan Chase & Co. boosted their target price on BrightView from $12.00 to $13.00 and gave the stock an “underweight” rating in a research report on Thursday, February 5th. Morgan Stanley upped their target price on BrightView from $13.00 to $14.00 and gave the company an “equal weight” rating in a report on Monday, March 2nd. The Goldman Sachs Group restated a “sell” rating and issued a $11.10 price target on shares of BrightView in a research report on Monday, February 9th. Finally, Weiss Ratings downgraded BrightView from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, February 4th.

BrightView Trading Down 0.5%

Shares of BV opened at $11.71 on Friday. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.64. The firm’s 50-day moving average is $12.87 and its two-hundred day moving average is $12.85. BrightView has a twelve month low of $11.06 and a twelve month high of $17.10. The firm has a market capitalization of $1.10 billion, a P/E ratio of -585.60 and a beta of 1.29.

BrightView (NYSE:BV) last posted its quarterly earnings results on Tuesday, February 3rd. The company reported ($0.01) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.02). The company had revenue of $614.70 million for the quarter, compared to analyst estimates of $589.91 million. BrightView had a net margin of 1.90% and a return on equity of 7.85%. BrightView’s revenue was up 2.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.04 earnings per share. On average, research analysts predict that BrightView will post 0.73 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other BrightView news, Director William L. Cornog bought 5,000 shares of the business’s stock in a transaction on Friday, February 6th. The stock was bought at an average price of $13.46 per share, for a total transaction of $67,300.00. Following the completion of the transaction, the director owned 5,000 shares in the company, valued at approximately $67,300. The trade was a ∞ increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 2.80% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. Van Berkom & Associates Inc. purchased a new position in shares of BrightView during the 3rd quarter worth $61,076,000. William Blair Investment Management LLC acquired a new stake in shares of BrightView during the third quarter worth $25,565,000. Cooke & Bieler LP grew its position in shares of BrightView by 40.9% in the third quarter. Cooke & Bieler LP now owns 3,568,050 shares of the company’s stock valued at $47,812,000 after purchasing an additional 1,035,820 shares during the period. Interval Partners LP increased its stake in BrightView by 60.5% in the third quarter. Interval Partners LP now owns 1,641,988 shares of the company’s stock valued at $22,003,000 after purchasing an additional 618,875 shares during the last quarter. Finally, Private Management Group Inc. acquired a new position in BrightView in the fourth quarter valued at $7,468,000. 92.41% of the stock is owned by hedge funds and other institutional investors.

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.