BrightView Holdings, Inc. (NYSE:BV) Stock Has Average Price Target of $13.93

Shares of BrightView Holdings, Inc. (NYSE:BV – Get Free Report) have earned an average rating of “Hold” from the nine analysts that are currently covering the firm, MarketBeat reports. Two research analysts have rated the stock with a sell rating, three have issued a hold rating, three have issued a buy rating and one has issued a strong buy rating on the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $13.93.

BV has been the topic of several recent analyst reports. Zacks Research raised BrightView from a “strong sell” rating to a “hold” rating in a report on Monday, October 5th. Morgan Stanley cut their price target on BrightView from $12.50 to $11.50 and set an “equal weight” rating for the company in a research note on Tuesday, October 13th. Robert W. Baird set a $14.00 target price on shares of BrightView in a research note on Wednesday, August 5th. Weiss Ratings restated a “sell (d+)” rating on shares of BrightView in a research report on Friday, July 31st. Finally, Wall Street Zen downgraded BrightView from a “hold” rating to a “sell” rating in a research report on Saturday, October 10th.

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Insiders Place Their Bets

In other news, Director William Cornog bought 50,000 shares of BrightView stock in a transaction dated Thursday, August 6th. The shares were acquired at an average cost of $11.25 per share, with a total value of $562,500.00. Following the completion of the transaction, the director owned 70,000 shares in the company, valued at approximately $787,500. This trade represents a 250.00% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 2.80% of the company’s stock.

Institutional Trading of BrightView

Several institutional investors have recently added to or reduced their stakes in BV. BlackRock Inc. acquired a new position in BrightView during the 2nd quarter valued at about $80,091,000. Dimensional Fund Advisors LP raised its holdings in BrightView by 3.8% during the first quarter. Dimensional Fund Advisors LP now owns 5,268,756 shares of the company’s stock worth $62,118,000 after purchasing an additional 192,376 shares in the last quarter. Van Berkom & Associates Inc. raised its stake in shares of BrightView by 3.7% in the 1st quarter. Van Berkom & Associates Inc. now owns 5,038,617 shares of the company’s stock worth $59,405,000 after buying an additional 179,757 shares in the last quarter. Bessemer Group Inc. lifted its holdings in shares of BrightView by 5.6% in the first quarter. Bessemer Group Inc. now owns 1,879,712 shares of the company’s stock valued at $22,162,000 after buying an additional 99,103 shares during the period. Finally, Punch & Associates Investment Management Inc. bought a new stake in BrightView in the second quarter worth about $16,778,000. Institutional investors own 92.41% of the company’s stock.

BrightView Price Performance

NYSE BV opened at $10.77 on Tuesday. BrightView has a 1 year low of $9.81 and a 1 year high of $15.00. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.28 and a quick ratio of 1.28. The company has a market cap of $1.00 billion, a price-to-earnings ratio of -43.06, a PEG ratio of 1.34 and a beta of 1.20. The stock’s fifty day moving average price is $10.83 and its 200 day moving average price is $12.18.

BrightView (NYSE:BV – Get Free Report) last announced its earnings results on Tuesday, August 4th. The company reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.29 by ($0.12). The company had revenue of $717.60 million during the quarter, compared to analyst estimates of $726.13 million. BrightView had a net margin of 0.74% and a return on equity of 5.03%. The firm’s revenue for the quarter was up 1.3% compared to the same quarter last year. During the same quarter last year, the business earned $0.30 EPS. As a group, equities research analysts forecast that BrightView will post 0.40 earnings per share for the current year.

BrightView Company Profile

(Get Free Report)

BrightView Holdings, Inc (NYSE: BV) is a provider of commercial landscaping services in the United States. Through its maintenance operations, the company helps businesses, government facilities, sports venues, education campuses, healthcare properties and other organizations manage and maintain outdoor spaces.

BrightView’s services include landscape design and development, ongoing landscape maintenance, tree care, irrigation management, water conservation and snow and ice removal. Its landscape development work can include the installation of plants, turf, hardscapes, irrigation systems and other outdoor features, while its maintenance services are intended to support the appearance, health and functionality of managed properties.

The company was formed in 2014 through the combination of Brickman and ValleyCrest, two established landscaping businesses, and became a publicly traded company in 2018.

Further Reading

Analyst Recommendations for BrightView (NYSE:BV)

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