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

Shares of BrightView Holdings, Inc. (NYSE:BV) have earned a consensus rating of “Moderate Buy” from the ten research firms that are covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, one has assigned a hold recommendation, six have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $17.11.

Several analysts recently commented on the stock. The Goldman Sachs Group upped their price target on shares of BrightView from $11.30 to $12.90 and gave the company a “sell” rating in a research report on Friday, November 15th. BTIG Research assumed coverage on BrightView in a research note on Monday, December 2nd. They set a “buy” rating and a $22.00 price objective for the company. Loop Capital lifted their target price on BrightView from $18.00 to $20.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Robert W. Baird increased their price target on BrightView from $18.00 to $20.00 and gave the stock an “outperform” rating in a report on Thursday, November 14th. Finally, Morgan Stanley boosted their price objective on shares of BrightView from $15.00 to $16.00 and gave the company an “equal weight” rating in a research note on Thursday, December 12th.

Insider Activity at BrightView

In other news, EVP Jonathan Mark Gottsegen sold 29,658 shares of the firm’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $16.06, for a total transaction of $476,307.48. Following the completion of the transaction, the executive vice president now directly owns 100,354 shares of the company’s stock, valued at approximately $1,611,685.24. This trade represents a 22.81 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.20% of the stock is currently owned by company insiders.

Institutional Trading of BrightView

Several hedge funds have recently modified their holdings of the stock. Janney Montgomery Scott LLC bought a new stake in shares of BrightView in the fourth quarter worth $273,000. SG Americas Securities LLC raised its position in shares of BrightView by 20.5% in the 4th quarter. SG Americas Securities LLC now owns 16,346 shares of the company’s stock valued at $261,000 after buying an additional 2,783 shares in the last quarter. Harbor Capital Advisors Inc. boosted its stake in BrightView by 1.4% in the fourth quarter. Harbor Capital Advisors Inc. now owns 641,301 shares of the company’s stock valued at $10,254,000 after buying an additional 8,907 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of BrightView by 19.8% during the third quarter. JPMorgan Chase & Co. now owns 44,298 shares of the company’s stock worth $697,000 after buying an additional 7,322 shares in the last quarter. Finally, Principal Financial Group Inc. bought a new position in BrightView in the 3rd quarter valued at approximately $723,000. 92.41% of the stock is owned by institutional investors.

BrightView Stock Up 0.8 %

Shares of BV opened at $16.11 on Wednesday. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.63. The firm has a market cap of $1.54 billion, a P/E ratio of 146.44 and a beta of 1.30. The company’s 50-day moving average price is $16.35 and its 200 day moving average price is $15.68. BrightView has a 12-month low of $8.12 and a 12-month high of $18.89.

BrightView (NYSE:BV) last issued its quarterly earnings results on Wednesday, November 13th. The company reported $0.30 EPS for the quarter, beating 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 analysts’ expectations of $723.01 million. During the same quarter last year, the company posted $0.14 EPS. The firm’s revenue was down 2.0% compared to the same quarter last year. On average, sell-side analysts forecast that BrightView will post 0.75 earnings per share for the current year.

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.