BrightView Holdings, Inc. (NYSE:BV) Receives Average Recommendation of “Hold” from Analysts

Shares of BrightView Holdings, Inc. (NYSE:BVGet Free Report) have received an average rating of “Hold” from the nine brokerages that are presently covering the firm, MarketBeat reports. Two research analysts have rated the stock with a sell rating, three have given a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $15.0167.

BV has been the subject of a number of recent analyst reports. Morgan Stanley upped their price target on BrightView from $13.00 to $14.00 and gave the company an “equal weight” rating in a research note on Monday, March 2nd. The Goldman Sachs Group restated a “sell” rating and set a $11.10 price objective on shares of BrightView in a report on Monday, February 9th. BTIG Research reaffirmed a “buy” rating and issued a $16.00 target price on shares of BrightView in a research note on Monday, May 11th. JPMorgan Chase & Co. upgraded shares of BrightView from an “underweight” rating to a “neutral” rating and increased their target price for the stock from $13.00 to $14.00 in a report on Thursday, May 7th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of BrightView in a research report on Monday, May 4th.

Read Our Latest Analysis on BV

BrightView Stock Down 3.9%

NYSE:BV opened at $12.35 on Friday. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 0.66. BrightView has a 12-month low of $11.06 and a 12-month high of $17.10. The stock’s fifty day simple moving average is $12.20 and its 200-day simple moving average is $12.66. The firm has a market capitalization of $1.15 billion, a P/E ratio of -176.36 and a beta of 1.20.

BrightView (NYSE:BVGet Free Report) last released its quarterly earnings data on Tuesday, May 5th. The company reported $0.09 EPS for the quarter, beating analysts’ consensus estimates of $0.08 by $0.01. BrightView had a return on equity of 7.25% and a net margin of 1.70%.The business had revenue of $702.90 million during the quarter, compared to the consensus estimate of $638.80 million. During the same quarter in the prior year, the company posted $0.14 earnings per share. The firm’s revenue was up 6.1% on a year-over-year basis. Equities research analysts expect that BrightView will post 0.57 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in BV. Van Berkom & Associates Inc. bought a new stake in shares of BrightView in the third quarter worth about $61,076,000. William Blair Investment Management LLC bought a new position in shares of BrightView during the 3rd quarter valued at about $25,565,000. Cooke & Bieler LP lifted its holdings in shares of BrightView by 40.9% during the 3rd quarter. Cooke & Bieler LP now owns 3,568,050 shares of the company’s stock valued at $47,812,000 after purchasing an additional 1,035,820 shares in the last quarter. Interval Partners LP grew its position in shares of BrightView by 60.5% in the 3rd quarter. Interval Partners LP now owns 1,641,988 shares of the company’s stock valued at $22,003,000 after purchasing an additional 618,875 shares during the period. Finally, Private Management Group Inc. acquired a new position in shares of BrightView in the 4th quarter valued at approximately $7,468,000. 92.41% of the stock is currently owned by institutional investors.

BrightView Company Profile

(Get Free Report)

BrightView Inc (NYSE:BV) is a leading commercial landscaping services company in the United States, offering a comprehensive suite of outdoor asset management solutions. The company’s core business activities include landscape maintenance, development and enhancement services tailored to a wide array of clients such as corporate campuses, healthcare facilities, multi-family residential properties, retail centers and municipalities.

BrightView’s service portfolio covers routine grounds maintenance, landscape construction and design-build, irrigation system installation and management, tree care, seasonal color programs and snow and ice management.

Further Reading

Analyst Recommendations for BrightView (NYSE:BV)

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