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

BrightView Holdings, Inc. (NYSE:BV) has received a consensus recommendation of “Moderate Buy” from the ten analysts that are covering the stock, Marketbeat.com reports. Two 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 12-month price target among brokers that have covered the stock in the last year is $17.11.

Several research firms have commented on BV. The Goldman Sachs Group increased their price objective on shares of BrightView from $11.30 to $12.90 and gave the company a “sell” rating in a research note on Friday, November 15th. William Blair raised BrightView from a “market perform” rating to an “outperform” rating in a research report on Friday, November 15th. Loop Capital boosted their price objective on BrightView from $18.00 to $20.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. BTIG Research assumed coverage on BrightView in a research report on Monday, December 2nd. They set a “buy” rating and a $22.00 target price for the company. Finally, Morgan Stanley boosted their price target 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.

Insider Transactions at BrightView

In other BrightView news, EVP Jonathan Mark Gottsegen sold 29,658 shares of the stock in a transaction on Friday, November 15th. The stock was sold at an average price of $16.06, for a total transaction of $476,307.48. Following the sale, the executive vice president now owns 100,354 shares in the company, valued at $1,611,685.24. This represents a 22.81 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 2.20% of the company’s stock.

Hedge Funds Weigh In On BrightView

Several hedge funds have recently made changes to their positions in BV. American Century Companies Inc. boosted its holdings in BrightView by 90.6% in the 2nd quarter. American Century Companies Inc. now owns 62,952 shares of the company’s stock valued at $837,000 after purchasing an additional 29,917 shares during the period. Dimensional Fund Advisors LP boosted its stake in BrightView by 28.5% during the second quarter. Dimensional Fund Advisors LP now owns 3,140,676 shares of the company’s stock valued at $41,772,000 after buying an additional 695,987 shares during the period. Sei Investments Co. grew its position in BrightView by 8.3% during the second quarter. Sei Investments Co. now owns 258,746 shares of the company’s stock worth $3,441,000 after buying an additional 19,912 shares in the last quarter. Caxton Associates LP grew its position in BrightView by 211.0% during the second quarter. Caxton Associates LP now owns 52,446 shares of the company’s stock worth $698,000 after buying an additional 35,584 shares in the last quarter. Finally, Dark Forest Capital Management LP bought a new position in BrightView in the 2nd quarter worth about $626,000. 92.41% of the stock is currently owned by hedge funds and other institutional investors.

BrightView Trading Down 1.0 %

BV opened at $15.59 on Wednesday. The firm has a market capitalization of $1.49 billion, a PE ratio of 141.72 and a beta of 1.30. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.44 and a quick ratio of 1.44. BrightView has a fifty-two week low of $8.12 and a fifty-two week high of $18.89. The company’s 50-day moving average is $16.30 and its 200 day moving average is $15.74.

BrightView (NYSE:BV) last posted its earnings results on Wednesday, November 13th. The company reported $0.30 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $728.70 million during the quarter, compared to analyst estimates of $723.01 million. During the same quarter in the prior year, the business posted $0.14 EPS. The business’s revenue was down 2.0% compared to the same quarter last year. As a group, research analysts predict that BrightView will post 0.75 earnings per share for the current fiscal 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.