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

Shares of BrightView Holdings, Inc. (NYSE:BV) have earned an average recommendation of “Hold” from the nine brokerages that are presently covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a sell rating, three have issued a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $15.0167.

A number of brokerages have issued reports on BV. BTIG Research reiterated a “buy” rating and set a $16.00 price objective on shares of BrightView in a research note on Monday, May 11th. JPMorgan Chase & Co. upgraded shares of BrightView from an “underweight” rating to a “neutral” rating and increased their price objective for the stock from $13.00 to $14.00 in a research note on Thursday, May 7th. Weiss Ratings restated a “sell (d+)” rating on shares of BrightView in a research note on Monday, May 4th. The Goldman Sachs Group restated a “sell” rating and issued a $11.10 price target on shares of BrightView in a research note on Monday, February 9th. Finally, Morgan Stanley raised their price target on shares of BrightView from $13.00 to $14.00 and gave the company an “equal weight” rating in a research note on Monday, March 2nd.

Institutional Investors Weigh In On BrightView

Hedge funds have recently made changes to their positions in the stock. Bfsg LLC acquired a new stake in shares of BrightView in the 4th quarter valued at approximately $49,000. State of Alaska Department of Revenue acquired a new stake in shares of BrightView in the 3rd quarter valued at approximately $85,000. BNP Paribas Financial Markets boosted its stake in shares of BrightView by 66.8% in the 2nd quarter. BNP Paribas Financial Markets now owns 5,591 shares of the company’s stock valued at $93,000 after purchasing an additional 2,240 shares in the last quarter. Tower Research Capital LLC TRC boosted its stake in shares of BrightView by 225.8% in the 2nd quarter. Tower Research Capital LLC TRC now owns 5,640 shares of the company’s stock valued at $94,000 after purchasing an additional 3,909 shares in the last quarter. Finally, Glenmede Investment Management LP acquired a new stake in shares of BrightView in the 3rd quarter valued at approximately $139,000. 92.41% of the stock is currently owned by institutional investors and hedge funds.

BrightView Trading Up 0.6%

Shares of BrightView stock opened at $12.60 on Friday. The company has a market capitalization of $1.17 billion, a price-to-earnings ratio of -179.93 and a beta of 1.20. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 0.66. BrightView has a 12-month low of $11.06 and a 12-month high of $17.10. The firm’s 50-day moving average price is $12.12 and its two-hundred day moving average price is $12.64.

BrightView (NYSE:BV) last announced its quarterly earnings data on Tuesday, May 5th. The company reported $0.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.08 by $0.01. The firm had revenue of $702.90 million for the quarter, compared to the consensus estimate of $638.80 million. BrightView had a net margin of 1.70% and a return on equity of 7.25%. The business’s revenue for the quarter was up 6.1% on a year-over-year basis. During the same period in the prior year, the company posted $0.14 earnings per share. On average, analysts forecast that BrightView will post 0.57 earnings per share for the current fiscal year.

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.