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

Shares of BrightView Holdings, Inc. (NYSE:BV) have received an average recommendation of “Hold” from the nine research firms that are covering the firm, MarketBeat reports. Two analysts have rated the stock with a sell rating, three have issued a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $15.0167.

A number of brokerages have recently commented on BV. Morgan Stanley lifted their price objective on BrightView from $13.00 to $14.00 and gave the company an “equal weight” rating in a research report on Monday, March 2nd. BTIG Research reaffirmed a “buy” rating and issued a $16.00 price objective on shares of BrightView in a research report on Monday, May 11th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of BrightView in a research report on Monday, May 4th. Finally, JPMorgan Chase & Co. raised BrightView from an “underweight” rating to a “neutral” rating and lifted their price objective for the company from $13.00 to $14.00 in a research report on Thursday, May 7th.

Institutional Investors Weigh In On BrightView

A number of institutional investors have recently added to or reduced their stakes in BV. William Blair Investment Management LLC purchased a new stake in BrightView during the third quarter valued at about $25,565,000. Interval Partners LP grew its position in BrightView by 60.5% during the third quarter. Interval Partners LP now owns 1,641,988 shares of the company’s stock valued at $22,003,000 after acquiring an additional 618,875 shares during the period. Private Management Group Inc. purchased a new stake in BrightView during the fourth quarter valued at about $7,468,000. Two Sigma Investments LP grew its position in BrightView by 1,964.7% during the third quarter. Two Sigma Investments LP now owns 568,466 shares of the company’s stock valued at $7,617,000 after acquiring an additional 540,933 shares during the period. Finally, Millennium Management LLC grew its position in BrightView by 54.2% during the first quarter. Millennium Management LLC now owns 1,456,682 shares of the company’s stock valued at $18,704,000 after acquiring an additional 512,098 shares during the period. Hedge funds and other institutional investors own 92.41% of the company’s stock.

BrightView Price Performance

Shares of NYSE:BV opened at $12.73 on Wednesday. The company has a market cap of $1.19 billion, a P/E ratio of -181.79 and a beta of 1.19. 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 52 week low of $11.06 and a 52 week high of $17.10. The business has a fifty day simple moving average of $12.39 and a 200-day simple moving average of $12.69.

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