BrightView Holdings, Inc. (NYSE:BV) Stock Has Consensus Target Price of $12.03 According to Analysts

Shares of BrightView Holdings, Inc. (NYSE:BV – Get Free Report) have received an average recommendation of “Hold” from the nine brokerages that are currently covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a sell recommendation, three have given a hold recommendation, three have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $12.03.

BV has been the topic of a number of analyst reports. Zacks Research upgraded BrightView from a “strong sell” rating to a “hold” rating in a research note on Monday, October 5th. Wall Street Zen downgraded BrightView from a “hold” rating to a “sell” rating in a report on Saturday, November 7th. BTIG Research set a $12.00 price objective on BrightView in a report on Wednesday. JPMorgan Chase & Co. cut their target price on BrightView from $12.00 to $11.00 and set a “neutral” rating on the stock in a research report on Thursday. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of BrightView in a research note on Thursday, October 29th.

Read Our Latest Research Report on BrightView

BrightView News Summary

Here’s some of the latest news about BV:

BrightView Stock Down 4.1%

Shares of NYSE BV opened at $9.83 on Friday. The stock has a market cap of $896.77 million, a P/E ratio of -25.88, a PEG ratio of 1.32 and a beta of 1.16. The company has a current ratio of 1.29, a quick ratio of 1.28 and a debt-to-equity ratio of 0.72. BrightView has a 12-month low of $9.52 and a 12-month high of $15.00. The business’s fifty day simple moving average is $10.79 and its 200-day simple moving average is $12.23.

BrightView (NYSE:BV – Get Free Report) last released its earnings results on Tuesday, November 10th. The company reported $0.18 earnings per share for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.08). BrightView had a return on equity of 3.86% and a net margin of 0.03%. The firm had revenue of $677.30 million for the quarter, compared to analysts’ expectations of $723.76 million. During the same quarter in the previous year, the company posted $0.27 earnings per share. The firm’s quarterly revenue was down 3.6% on a year-over-year basis. As a group, equities analysts predict that BrightView will post 0.52 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new stake in shares of BrightView in the second quarter valued at approximately $80,091,000. Dimensional Fund Advisors LP increased its holdings in shares of BrightView by 3.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 5,268,756 shares of the company’s stock valued at $62,118,000 after acquiring an additional 192,376 shares during the period. Van Berkom & Associates Inc. increased its holdings in shares of BrightView by 3.4% in the 3rd quarter. Van Berkom & Associates Inc. now owns 5,185,923 shares of the company’s stock valued at $51,859,000 after acquiring an additional 168,606 shares during the period. Royce & Associates LP increased its holdings in shares of BrightView by 25.2% in the 3rd quarter. Royce & Associates LP now owns 1,892,503 shares of the company’s stock valued at $18,925,000 after acquiring an additional 381,505 shares during the period. Finally, Bessemer Group Inc. raised its position in BrightView by 5.6% in the 1st quarter. Bessemer Group Inc. now owns 1,879,712 shares of the company’s stock valued at $22,162,000 after purchasing an additional 99,103 shares during the last quarter. Institutional investors and hedge funds own 92.41% of the company’s stock.

About BrightView

(Get Free Report)

BrightView Holdings, Inc. provides commercial landscaping services in the United States. Its services include landscape maintenance, design and development, enhancements, and tree care for properties such as corporate campuses, residential communities, and public spaces. The company also provides snow and ice management and related services to help clients maintain their properties throughout the year. BrightView was formed in 2014 through the combination of landscaping businesses Brickman and ValleyCrest.

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Analyst Recommendations for BrightView (NYSE:BV)

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