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

Shares of BrightView Holdings, Inc. (NYSE:BV) have been assigned a consensus rating of “Moderate Buy” from the ten research firms that are presently covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell rating, one has issued a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $17.11.

Several brokerages have issued reports on BV. Robert W. Baird raised their price target on BrightView from $18.00 to $20.00 and gave the company an “outperform” rating in a report on Thursday, November 14th. William Blair raised shares of BrightView from a “market perform” rating to an “outperform” rating in a research report on Friday, November 15th. Morgan Stanley lifted their target price on shares of BrightView from $15.00 to $16.00 and gave the stock an “equal weight” rating in a report on Thursday, December 12th. Loop Capital increased their price target on shares of BrightView from $18.00 to $20.00 and gave the company a “buy” rating in a report on Friday, November 15th. Finally, The Goldman Sachs Group raised their price objective on shares of BrightView from $11.30 to $12.90 and gave the stock a “sell” rating in a research report on Friday, November 15th.

BrightView Trading Down 0.4 %

Shares of NYSE:BV opened at $14.68 on Friday. The company has a 50 day moving average of $15.80 and a 200-day moving average of $15.92. The firm has a market cap of $1.40 billion, a P/E ratio of 81.53 and a beta of 1.29. The company has a current ratio of 1.43, a quick ratio of 1.44 and a debt-to-equity ratio of 0.63. BrightView has a twelve month low of $8.26 and a twelve month high of $18.89.

BrightView (NYSE:BV) last announced its earnings results on Wednesday, November 13th. The company reported $0.30 EPS for the quarter, topping the consensus estimate of $0.28 by $0.02. The business had revenue of $728.70 million during the quarter, compared to analysts’ expectations of $723.01 million. BrightView had a net margin of 2.64% and a return on equity of 7.86%. The firm’s revenue was down 2.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.14 earnings per share. As a group, analysts anticipate that BrightView will post 0.75 earnings per share for the current fiscal year.

Institutional Investors Weigh In On BrightView

Institutional investors and hedge funds have recently made changes to their positions in the business. Rhumbline Advisers lifted its holdings in shares of BrightView by 1.0% during the 4th quarter. Rhumbline Advisers now owns 82,520 shares of the company’s stock worth $1,319,000 after acquiring an additional 831 shares during the last quarter. BNP Paribas Financial Markets lifted its stake in BrightView by 4.6% during the third quarter. BNP Paribas Financial Markets now owns 24,184 shares of the company’s stock worth $381,000 after purchasing an additional 1,056 shares during the last quarter. Envestnet Asset Management Inc. boosted its holdings in shares of BrightView by 5.5% in the 4th quarter. Envestnet Asset Management Inc. now owns 23,937 shares of the company’s stock worth $383,000 after purchasing an additional 1,240 shares in the last quarter. New York State Teachers Retirement System increased its position in shares of BrightView by 32.1% during the 4th quarter. New York State Teachers Retirement System now owns 5,326 shares of the company’s stock valued at $85,000 after purchasing an additional 1,293 shares during the last quarter. Finally, The Manufacturers Life Insurance Company lifted its position in BrightView by 8.7% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 17,896 shares of the company’s stock worth $238,000 after buying an additional 1,431 shares during the last quarter. Hedge funds and other institutional investors 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.