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

Shares of BrightView Holdings, Inc. (NYSE:BV) have received an average recommendation of “Moderate Buy” from the eight ratings firms that are covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, one has assigned a hold recommendation, three have issued a buy recommendation and two have given a strong buy recommendation to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $15.47.

A number of research analysts have commented on BV shares. Robert W. Baird upgraded shares of BrightView from a “neutral” rating to an “outperform” rating and raised their price target for the stock from $13.00 to $17.00 in a research note on Tuesday, July 30th. Baird R W upgraded shares of BrightView from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 30th. Morgan Stanley started coverage on shares of BrightView in a research note on Thursday, August 22nd. They set an “equal weight” rating and a $16.00 price target for the company. The Goldman Sachs Group raised their price target on shares of BrightView from $10.00 to $11.30 and gave the stock a “sell” rating in a research note on Friday, August 2nd. Finally, JPMorgan Chase & Co. lifted their target price on shares of BrightView from $11.00 to $14.00 and gave the company an “underweight” rating in a research note on Friday, August 2nd.

BrightView Stock Up 0.3 %

BV stock opened at $15.52 on Thursday. BrightView has a twelve month low of $6.58 and a twelve month high of $16.26. The company has a market cap of $1.47 billion, a PE ratio of 77.60 and a beta of 1.29. The business’s 50-day simple moving average is $14.55 and its 200 day simple moving average is $13.08. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.64.

BrightView (NYSE:BV) last released its earnings results on Wednesday, July 31st. The company reported $0.32 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.32. The business had revenue of $738.80 million for the quarter, compared to the consensus estimate of $736.94 million. BrightView had a return on equity of 6.27% and a net margin of 2.06%. The firm’s revenue for the quarter was down 3.6% compared to the same quarter last year. During the same period last year, the business earned $0.40 earnings per share. On average, research analysts anticipate that BrightView will post 0.66 earnings per share for the current year.

Institutional Trading of BrightView

Hedge funds and other institutional investors have recently modified their holdings of the stock. Russell Investments Group Ltd. acquired a new stake in shares of BrightView in the fourth quarter valued at approximately $91,000. Teacher Retirement System of Texas acquired a new stake in shares of BrightView in the fourth quarter valued at approximately $92,000. Aigen Investment Management LP acquired a new stake in shares of BrightView in the fourth quarter valued at approximately $94,000. Innealta Capital LLC acquired a new stake in shares of BrightView in the second quarter valued at approximately $102,000. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in shares of BrightView in the fourth quarter valued at approximately $128,000. Institutional investors and hedge funds own 92.41% of the company’s stock.

About BrightView

BrightView Holdings, Inc, through its subsidiaries, provides commercial landscaping services in the United States. It operates through two segments, Maintenance Services and Development Services. The Maintenance Services segment delivers a suite of recurring commercial landscaping services, including mowing, gardening, mulching and snow removal, water management, irrigation maintenance, tree care, golf course maintenance, and specialty turf maintenance.