Analysts Set BrightView Holdings, Inc. (NYSE:BV) Target Price at $14.68

Shares of BrightView Holdings, Inc. (NYSE:BV) have received an average recommendation of “Hold” from the nine brokerages that are currently covering the stock, Marketbeat.com reports. Three equities research analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation, two have issued a buy recommendation and two have given a strong buy recommendation to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $14.6833.

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

Insider Activity

In other BrightView news, Director William L. Cornog acquired 5,000 shares of the stock in a transaction that occurred on Friday, February 6th. The shares were 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 of the company’s stock, valued at approximately $67,300. This represents a ∞ increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 2.80% of the company’s stock.

Institutional Investors Weigh In On BrightView

Institutional investors and hedge funds have recently made changes to their positions in the business. Royal Bank of Canada raised its position in BrightView by 4.7% during the first quarter. Royal Bank of Canada now owns 699,959 shares of the company’s stock valued at $8,988,000 after purchasing an additional 31,291 shares in the last quarter. AQR Capital Management LLC raised its position in BrightView by 75.9% during the first quarter. AQR Capital Management LLC now owns 209,995 shares of the company’s stock valued at $2,696,000 after purchasing an additional 90,627 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in BrightView by 7.1% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 35,443 shares of the company’s stock valued at $455,000 after purchasing an additional 2,349 shares in the last quarter. Millennium Management LLC raised 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 purchasing an additional 512,098 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its position in BrightView by 11.3% during the first quarter. Goldman Sachs Group Inc. now owns 1,658,306 shares of the company’s stock valued at $21,293,000 after purchasing an additional 167,966 shares in the last quarter. Hedge funds and other institutional investors own 92.41% of the company’s stock.

BrightView Trading Down 2.9%

Shares of BrightView stock opened at $11.37 on Friday. BrightView has a 12-month low of $11.06 and a 12-month high of $17.10. The company has a market cap of $1.07 billion, a price-to-earnings ratio of -568.25 and a beta of 1.29. 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 company’s 50-day moving average price is $12.77 and its 200-day moving average price is $12.80.

BrightView (NYSE:BV) last announced 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). BrightView had a return on equity of 7.85% and a net margin of 1.90%.The firm had revenue of $614.70 million during the quarter, compared to analysts’ expectations of $589.91 million. During the same period in the previous year, the company posted $0.04 earnings per share. The company’s quarterly revenue was up 2.6% compared to the same quarter last year. On average, equities analysts expect that BrightView will post 0.73 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.