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

Shares of BrightView Holdings, Inc. (NYSE:BV) have been given a consensus recommendation of “Hold” by the nine research firms that are presently covering the stock, MarketBeat Ratings reports. Three analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation, three have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price target among analysts that have covered the stock in the last year is $14.5167.

Several equities analysts have issued reports on the stock. JPMorgan Chase & Co. upgraded shares of BrightView from an “underweight” rating to a “neutral” rating and upped their price objective for the company from $13.00 to $14.00 in a research note on Thursday, May 7th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of BrightView in a research note on Monday, May 4th. Zacks Research cut shares of BrightView from a “hold” rating to a “strong sell” rating in a research note on Tuesday. BTIG Research reiterated a “buy” rating and issued a $16.00 price target on shares of BrightView in a report on Monday, May 11th. Finally, Oppenheimer began coverage on BrightView in a report on Wednesday, June 17th. They issued an “outperform” rating and a $17.00 price target for the company.

Hedge Funds Weigh In On BrightView

Hedge funds have recently modified their holdings of the company. Bank of America Corp DE boosted its position in BrightView by 6.1% during the first quarter. Bank of America Corp DE now owns 399,047 shares of the company’s stock worth $4,705,000 after purchasing an additional 23,041 shares during the period. Amundi acquired a new stake in BrightView in the first quarter worth about $234,000. Quantinno Capital Management LP lifted its stake in shares of BrightView by 67.2% in the 1st quarter. Quantinno Capital Management LP now owns 49,100 shares of the company’s stock valued at $579,000 after purchasing an additional 19,727 shares during the period. Rice Hall James & Associates LLC boosted its stake in BrightView by 6.8% during the 1st quarter. Rice Hall James & Associates LLC now owns 223,149 shares of the company’s stock worth $2,631,000 after acquiring an additional 14,123 shares during the last quarter. Finally, Punch & Associates Investment Management Inc. grew its stake in BrightView by 2.0% in the first quarter. Punch & Associates Investment Management Inc. now owns 1,116,831 shares of the company’s stock valued at $13,167,000 after acquiring an additional 22,362 shares during the period. 92.41% of the stock is currently owned by institutional investors and hedge funds.

BrightView Trading Up 3.2%

Shares of NYSE:BV opened at $14.86 on Friday. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.23 and a quick ratio of 1.23. BrightView has a 1 year low of $11.06 and a 1 year high of $16.52. The firm has a market capitalization of $1.38 billion, a price-to-earnings ratio of -212.23 and a beta of 1.17. The business’s 50 day moving average price is $13.23 and its 200-day moving average price is $12.90.

BrightView (NYSE:BV) last released its quarterly earnings data on Tuesday, May 5th. The company reported $0.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.08 by $0.01. BrightView had a net margin of 1.70% and a return on equity of 7.25%. The firm had revenue of $702.90 million during the quarter, compared to analysts’ expectations of $638.80 million. During the same period last year, the business earned $0.14 earnings per share. BrightView’s revenue was up 6.1% compared to the same quarter last year. On average, equities research analysts forecast that BrightView will post 0.56 earnings per share 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.