BrightView Holdings, Inc. (NYSE:BV) Stock Rated “Hold” by Sell-Side Brokerages

BrightView Holdings, Inc. (NYSE:BV) has been given an average rating of “Hold” by the nine research firms that are currently covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a sell rating, three have given a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $13.93.

A number of research firms have recently commented on BV. Weiss Ratings reissued a “sell (d+)” rating on shares of BrightView in a research note on Friday, July 31st. Wall Street Zen raised shares of BrightView from a “sell” rating to a “hold” rating in a research note on Saturday. Zacks Research raised shares of BrightView from a “strong sell” rating to a “hold” rating in a research note on Monday, October 5th. Robert W. Baird set a $14.00 price target on shares of BrightView in a research note on Wednesday, August 5th. Finally, Morgan Stanley decreased their target price on shares of BrightView from $12.50 to $11.50 and set an “equal weight” rating for the company in a research report on Tuesday, October 13th.

Insider Buying and Selling

In other BrightView news, Director William Cornog acquired 50,000 shares of the company’s stock in a transaction that occurred on Thursday, August 6th. The stock was bought at an average price of $11.25 per share, with a total value of $562,500.00. Following the purchase, the director owned 70,000 shares in the company, valued at approximately $787,500. The trade was a 250.00% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 2.80% of the company’s stock.

Institutional Trading of BrightView

Several hedge funds have recently modified their holdings of BV. Public Employees Retirement System of Ohio purchased a new position in BrightView in the second quarter valued at approximately $41,000. Janney Montgomery Scott LLC purchased a new position in shares of BrightView in the 1st quarter valued at about $145,000. Mcmorgan & Co. LLC purchased a new position in shares of BrightView in the second quarter valued at $176,000. Sequoia Financial Advisors LLC purchased a new stake in BrightView in the 2nd quarter valued at approximately $182,000. Finally, Amundi purchased a new position in shares of BrightView during the first quarter valued at approximately $234,000. 92.41% of the stock is currently owned by institutional investors and hedge funds.

BrightView Price Performance

Shares of BrightView stock opened at $10.60 on Tuesday. The business’s 50-day moving average price is $10.80 and its 200-day moving average price is $12.16. The firm has a market capitalization of $987.45 million, a PE ratio of -42.38, a price-to-earnings-growth ratio of 1.36 and a beta of 1.20. BrightView has a 12 month low of $9.81 and a 12 month high of $15.00. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.71.

BrightView (NYSE:BV) last posted its quarterly earnings results on Tuesday, August 4th. The company reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.29 by ($0.12). The business had revenue of $717.60 million during the quarter, compared to the consensus estimate of $726.13 million. BrightView had a return on equity of 5.03% and a net margin of 0.74%. The business’s revenue for the quarter was up 1.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.30 earnings per share. Sell-side analysts forecast that BrightView will post 0.40 EPS for the current fiscal year.

About BrightView

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.