BrightView Holdings, Inc. (NYSE:BV) Receives $14.70 Average Price Target from Brokerages

Shares of BrightView Holdings, Inc. (NYSE:BV) have earned an average rating of “Moderate Buy” from the eight brokerages that are covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell rating, three have issued a hold rating, two have assigned a buy rating and two have assigned a strong buy rating to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $14.70.

Several equities analysts have weighed in on BV shares. Robert W. Baird lowered their price objective on shares of BrightView from $19.00 to $15.00 and set an “outperform” rating on the stock in a research report on Thursday, November 20th. The Goldman Sachs Group decreased their target price on BrightView from $13.50 to $10.50 and set a “sell” rating for the company in a research report on Thursday, November 20th. Weiss Ratings reiterated a “hold (c-)” rating on shares of BrightView in a report on Wednesday, October 8th. CJS Securities raised BrightView to a “strong-buy” rating in a research report on Thursday, December 11th. Finally, Morgan Stanley increased their price objective on BrightView from $12.00 to $13.00 and gave the stock an “equal weight” rating in a research note on Wednesday, December 17th.

Insider Buying and Selling

In related news, Director William L. Cornog acquired 10,000 shares of the company’s stock in a transaction on Tuesday, December 2nd. The shares were purchased at an average price of $12.84 per share, for a total transaction of $128,400.00. Following the purchase, the director owned 30,000 shares in the company, valued at $385,200. This represents a 50.00% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Jonathan Mark Gottsegen sold 35,000 shares of BrightView stock in a transaction on Monday, December 1st. The shares were sold at an average price of $12.62, for a total transaction of $441,700.00. Following the sale, the executive vice president directly owned 142,958 shares of the company’s stock, valued at $1,804,129.96. This trade represents a 19.67% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 2.20% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Van Berkom & Associates Inc. acquired a new stake in shares of BrightView in the 3rd quarter valued at $61,076,000. William Blair Investment Management LLC bought a new position in BrightView during the third quarter valued at about $25,565,000. Boston Partners lifted its position in shares of BrightView by 106.1% in the second quarter. Boston Partners now owns 2,079,487 shares of the company’s stock worth $34,622,000 after buying an additional 1,070,339 shares during the last quarter. Cooke & Bieler LP boosted its stake 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 worth $47,812,000 after acquiring an additional 1,035,820 shares in the last quarter. Finally, Bessemer Group Inc. increased its holdings in shares of BrightView by 52.4% during the 2nd quarter. Bessemer Group Inc. now owns 2,424,001 shares of the company’s stock valued at $40,362,000 after acquiring an additional 833,469 shares during the last quarter. Institutional investors and hedge funds own 92.41% of the company’s stock.

BrightView Price Performance

NYSE BV opened at $12.89 on Wednesday. The company has a current ratio of 1.29, a quick ratio of 1.30 and a debt-to-equity ratio of 0.61. BrightView has a 1 year low of $11.06 and a 1 year high of $17.10. The company has a market cap of $1.22 billion, a PE ratio of 322.13 and a beta of 1.30. The stock’s 50-day moving average price is $12.55 and its two-hundred day moving average price is $14.02.

BrightView (NYSE:BV) last announced its earnings results on Wednesday, November 19th. The company reported $0.27 EPS for the quarter, missing the consensus estimate of $0.32 by ($0.05). BrightView had a return on equity of 8.43% and a net margin of 2.10%.The firm had revenue of $702.80 million during the quarter, compared to analyst estimates of $718.03 million. During the same quarter in the previous year, the business earned $0.30 earnings per share. The business’s quarterly revenue was down 3.6% compared to the same quarter last year. On average, analysts predict that BrightView will post 0.73 EPS for the current year.

BrightView Company Profile

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.