BrightView Holdings, Inc. (NYSE:BV) Receives Consensus Rating of “Moderate Buy” from Brokerages

BrightView Holdings, Inc. (NYSE:BV) has earned an average rating of “Moderate Buy” from the ten ratings firms that are currently covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $17.11.

A number of analysts recently weighed in on BV shares. Robert W. Baird upped their target price on shares of BrightView from $18.00 to $20.00 and gave the stock an “outperform” rating in a report on Thursday, November 14th. Loop Capital increased their price objective on BrightView from $18.00 to $20.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Morgan Stanley assumed coverage on BrightView in a research note on Thursday, August 22nd. They issued an “equal weight” rating and a $16.00 target price on the stock. BTIG Research started coverage on BrightView in a research report on Monday. They set a “buy” rating and a $22.00 price target for the company. Finally, Jefferies Financial Group raised BrightView from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $13.00 to $17.00 in a report on Wednesday, August 21st.

BrightView Stock Up 1.3 %

Shares of NYSE BV opened at $17.33 on Tuesday. The business’s fifty day moving average price is $16.51 and its 200-day moving average price is $15.00. BrightView has a one year low of $7.74 and a one year high of $18.89. The stock has a market capitalization of $1.65 billion, a PE ratio of 157.55 and a beta of 1.28. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.44 and a quick ratio of 1.44.

BrightView (NYSE:BV) last released its quarterly earnings data on Wednesday, November 13th. The company reported $0.30 EPS for the quarter, topping the consensus estimate of $0.28 by $0.02. BrightView had a net margin of 2.40% and a return on equity of 7.65%. The company had revenue of $728.70 million during the quarter, compared to the consensus estimate of $723.01 million. During the same period last year, the firm earned $0.14 EPS. BrightView’s revenue for the quarter was down 2.0% on a year-over-year basis. On average, equities research analysts anticipate that BrightView will post 0.75 EPS for the current year.

Insider Buying and Selling

In other BrightView news, EVP Jonathan Mark Gottsegen sold 29,658 shares of the business’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $16.06, for a total transaction of $476,307.48. Following the transaction, the executive vice president now directly owns 100,354 shares of the company’s stock, valued at approximately $1,611,685.24. The trade was a 22.81 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.40% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Millburn Ridgefield Corp bought a new position in shares of BrightView in the 3rd quarter worth about $45,000. FMR LLC increased its stake in shares of BrightView by 293.4% during the third quarter. FMR LLC now owns 6,884 shares of the company’s stock valued at $108,000 after purchasing an additional 5,134 shares in the last quarter. Innealta Capital LLC bought a new position in shares of BrightView during the second quarter valued at approximately $102,000. Quest Partners LLC purchased a new position in shares of BrightView during the third quarter valued at approximately $153,000. Finally, Kathmere Capital Management LLC bought a new stake in shares of BrightView in the 2nd quarter worth approximately $133,000. Institutional investors own 92.41% of the company’s stock.

BrightView Company Profile

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.