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

BrightView Holdings, Inc. (NYSE:BV) has been given an average rating of “Hold” by the nine ratings firms that are covering the stock, Marketbeat Ratings reports. Three research 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 twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $14.6833.

Several brokerages have recently weighed in on BV. The Goldman Sachs Group reaffirmed a “sell” rating and set a $11.10 target price on shares of BrightView in a research note on Monday, February 9th. JPMorgan Chase & Co. upped their target price on BrightView from $12.00 to $13.00 and gave the stock an “underweight” rating in a research note on Thursday, February 5th. Morgan Stanley upped their target price on BrightView from $13.00 to $14.00 and gave the stock an “equal weight” rating in a research note on Monday, March 2nd. Finally, Weiss Ratings downgraded BrightView from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, February 4th.

Insider Buying and Selling at BrightView

In other BrightView news, Director William L. Cornog bought 5,000 shares of BrightView stock in a transaction dated Friday, February 6th. The stock was acquired at an average cost of $13.46 per share, with a total value of $67,300.00. Following the purchase, the director directly owned 5,000 shares in the company, valued at $67,300. This represents a ∞ increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. 2.80% of the stock is currently owned by insiders.

Hedge Funds Weigh In On BrightView

A number of hedge funds have recently made changes to their positions in the company. ProShare Advisors LLC raised its holdings in shares of BrightView by 6.9% during the fourth quarter. ProShare Advisors LLC now owns 13,138 shares of the company’s stock valued at $166,000 after acquiring an additional 848 shares during the last quarter. Creative Planning raised its holdings in shares of BrightView by 3.9% during the second quarter. Creative Planning now owns 22,841 shares of the company’s stock valued at $380,000 after acquiring an additional 858 shares during the last quarter. Redmond Asset Management LLC raised its holdings in shares of BrightView by 0.5% during the third quarter. Redmond Asset Management LLC now owns 172,478 shares of the company’s stock valued at $2,311,000 after acquiring an additional 871 shares during the last quarter. Anchor Capital Advisors LLC raised its holdings in shares of BrightView by 2.0% during the third quarter. Anchor Capital Advisors LLC now owns 69,777 shares of the company’s stock valued at $935,000 after acquiring an additional 1,355 shares during the last quarter. Finally, Rhumbline Advisers raised its holdings in shares of BrightView by 1.9% during the third quarter. Rhumbline Advisers now owns 94,158 shares of the company’s stock valued at $1,262,000 after acquiring an additional 1,733 shares during the last quarter. Institutional investors and hedge funds own 92.41% of the company’s stock.

BrightView Stock Down 1.2%

Shares of BV opened at $11.63 on Tuesday. The company has a market capitalization of $1.10 billion, a price-to-earnings ratio of -581.25 and a beta of 1.20. The stock’s 50-day moving average price is $12.31 and its 200-day moving average price is $12.67. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.64. BrightView has a 52 week low of $11.06 and a 52 week high of $17.10.

BrightView (NYSE:BV) last issued 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 business had revenue of $614.70 million for the quarter, compared to analysts’ expectations of $589.91 million. BrightView had a return on equity of 7.85% and a net margin of 1.90%.The business’s revenue for the quarter was up 2.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.04 EPS. On average, sell-side analysts predict that BrightView will post 0.59 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.