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

BrightView Holdings, Inc. (NYSE:BV) has been assigned an average recommendation of “Hold” from the nine research firms that are covering the stock, Marketbeat reports. Three research analysts have rated the stock with a sell recommendation, two have given a hold recommendation, two have given a buy recommendation and two have issued a strong buy recommendation on the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $14.6833.

A number of research analysts have commented on BV shares. JPMorgan Chase & Co. boosted their price objective on BrightView from $12.00 to $13.00 and gave the stock an “underweight” rating in a research note on Thursday, February 5th. CJS Securities upgraded BrightView to a “strong-buy” rating in a research note on Thursday, December 11th. The Goldman Sachs Group reiterated a “sell” rating and set a $11.10 target price on shares of BrightView in a report on Monday, February 9th. BTIG Research initiated coverage on BrightView in a research report on Monday, December 1st. They set a “buy” rating and a $15.00 price target on the stock. Finally, Morgan Stanley upped their price target on BrightView from $13.00 to $14.00 and gave the stock an “equal weight” rating in a report on Monday, March 2nd.

Insider Activity at BrightView

In other news, Director William L. Cornog bought 5,000 shares of the firm’s stock in a transaction dated Friday, February 6th. The stock was acquired at an average cost of $13.46 per share, for a total transaction of $67,300.00. Following the completion of the purchase, the director owned 5,000 shares of the company’s stock, valued at $67,300. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 2.80% of the company’s stock.

Institutional Investors Weigh In On BrightView

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Van Berkom & Associates Inc. purchased a new position in BrightView in the 3rd quarter valued at about $61,076,000. William Blair Investment Management LLC purchased a new stake in shares of BrightView during the third quarter worth about $25,565,000. Boston Partners increased its position in shares of BrightView by 106.1% during the second quarter. Boston Partners now owns 2,079,487 shares of the company’s stock worth $34,622,000 after acquiring an additional 1,070,339 shares during the last quarter. Cooke & Bieler LP lifted its stake in shares of BrightView by 40.9% in the third quarter. Cooke & Bieler LP now owns 3,568,050 shares of the company’s stock worth $47,812,000 after acquiring an additional 1,035,820 shares in the last quarter. Finally, Interval Partners LP boosted its holdings in BrightView by 60.5% in the third quarter. Interval Partners LP now owns 1,641,988 shares of the company’s stock valued at $22,003,000 after purchasing an additional 618,875 shares during the last quarter. Hedge funds and other institutional investors own 92.41% of the company’s stock.

BrightView Stock Performance

Shares of BV stock opened at $11.84 on Monday. 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 has a market cap of $1.11 billion, a PE ratio of -591.75 and a beta of 1.25. The company’s fifty day simple moving average is $13.25 and its 200-day simple moving average is $13.07. BrightView has a 52 week low of $11.06 and a 52 week high of $17.10.

BrightView (NYSE:BV) last announced its quarterly earnings results on Tuesday, February 3rd. The company reported ($0.01) earnings per share 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 business had revenue of $614.70 million for the quarter, compared to analysts’ expectations of $589.91 million. During the same period last year, the company posted $0.04 earnings per share. The firm’s revenue for the quarter was up 2.6% on a year-over-year basis. As a group, equities research analysts anticipate that BrightView will post 0.73 EPS for the current 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.