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

BrightView Holdings, Inc. (NYSE:BV) has earned a consensus rating of “Moderate Buy” from the ten brokerages that are currently covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, one has issued a hold recommendation, six have assigned a buy recommendation and one has issued a strong buy recommendation on 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. Morgan Stanley upped their target price on shares of BrightView from $15.00 to $16.00 and gave the stock an “equal weight” rating in a research note on Thursday, December 12th. William Blair upgraded shares of BrightView from a “market perform” rating to an “outperform” rating in a research note on Friday, November 15th. BTIG Research initiated coverage on BrightView in a research note on Monday, December 2nd. They issued a “buy” rating and a $22.00 price target on the stock. Robert W. Baird raised their target price on BrightView from $18.00 to $20.00 and gave the stock an “outperform” rating in a research report on Thursday, November 14th. Finally, Loop Capital raised their price objective on shares of BrightView from $18.00 to $20.00 and gave the stock a “buy” rating in a report on Friday, November 15th.

Insider Buying and Selling

In other BrightView news, EVP Jonathan Mark Gottsegen sold 29,658 shares of the stock in a transaction that occurred 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 owns 100,354 shares of the company’s stock, valued at $1,611,685.24. This trade represents a 22.81 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 2.40% of the stock is owned by company insiders.

Institutional Trading of BrightView

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Dimensional Fund Advisors LP lifted its position in shares of BrightView by 28.5% during the second quarter. Dimensional Fund Advisors LP now owns 3,140,676 shares of the company’s stock worth $41,772,000 after purchasing an additional 695,987 shares in the last quarter. Harvey Partners LLC increased its position in shares of BrightView by 9.1% during the third quarter. Harvey Partners LLC now owns 1,870,000 shares of the company’s stock worth $29,434,000 after acquiring an additional 156,500 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of BrightView by 18.2% in the third quarter. Geode Capital Management LLC now owns 1,337,545 shares of the company’s stock worth $21,057,000 after acquiring an additional 206,359 shares in the last quarter. State Street Corp boosted its holdings in BrightView by 17.1% in the third quarter. State Street Corp now owns 1,211,909 shares of the company’s stock valued at $19,075,000 after purchasing an additional 177,105 shares during the last quarter. Finally, Driehaus Capital Management LLC acquired a new stake in BrightView during the 2nd quarter valued at approximately $13,086,000. Institutional investors and hedge funds own 92.41% of the company’s stock.

BrightView Trading Down 0.4 %

BV opened at $15.99 on Friday. The business’s 50 day moving average price is $16.78 and its 200 day moving average price is $15.43. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.44 and a current ratio of 1.44. The stock has a market capitalization of $1.52 billion, a PE ratio of 145.38 and a beta of 1.30. BrightView has a one year low of $7.75 and a one year high of $18.89.

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

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.