Brokerages Set BrightView Holdings, Inc. (NYSE:BV) Price Target at $15.02

BrightView Holdings, Inc. (NYSE:BV) has been assigned an average recommendation of “Hold” from the nine research firms that are presently covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a sell rating, three have assigned a hold rating, three have assigned a buy rating and one has issued a strong buy rating on the company. The average 12 month target price among brokers that have covered the stock in the last year is $15.0167.

Several research analysts recently weighed in on the stock. BTIG Research restated a “buy” rating and set a $16.00 price target on shares of BrightView in a research report on Monday, May 11th. JPMorgan Chase & Co. upgraded BrightView from an “underweight” rating to a “neutral” rating and lifted their price objective for the stock from $13.00 to $14.00 in a report on Thursday, May 7th. The Goldman Sachs Group reissued a “sell” rating and set a $11.10 target price on shares of BrightView in a report on Monday, February 9th. Morgan Stanley raised their target price on BrightView from $13.00 to $14.00 and gave the company an “equal weight” rating in a research report on Monday, March 2nd. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of BrightView in a research note on Monday, May 4th.

BrightView Price Performance

BrightView stock opened at $12.86 on Friday. The stock has a market capitalization of $1.20 billion, a P/E ratio of -183.64 and a beta of 1.20. The company’s fifty day moving average price is $12.18 and its 200 day moving average price is $12.65. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.23 and a current ratio of 1.23. BrightView has a 1 year low of $11.06 and a 1 year high of $17.10.

BrightView (NYSE:BV) last posted its quarterly earnings data on Tuesday, May 5th. The company reported $0.09 earnings per share for the quarter, topping analysts’ consensus estimates of $0.08 by $0.01. The company had revenue of $702.90 million during the quarter, compared to analysts’ expectations of $638.80 million. BrightView had a net margin of 1.70% and a return on equity of 7.25%. The firm’s revenue for the quarter was up 6.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.14 earnings per share. As a group, equities research analysts anticipate that BrightView will post 0.57 earnings per share for the current fiscal year.

Institutional Investors Weigh In On BrightView

Large investors have recently modified their holdings of the business. Bank of America Corp DE lifted its stake in shares of BrightView by 6.1% in the first quarter. Bank of America Corp DE now owns 399,047 shares of the company’s stock worth $4,705,000 after buying an additional 23,041 shares in the last quarter. Amundi purchased a new stake in BrightView during the 1st quarter valued at about $234,000. Quantinno Capital Management LP raised its holdings in BrightView by 67.2% in the 1st quarter. Quantinno Capital Management LP now owns 49,100 shares of the company’s stock valued at $579,000 after acquiring an additional 19,727 shares during the last quarter. Rice Hall James & Associates LLC raised its holdings in BrightView by 6.8% in the 1st quarter. Rice Hall James & Associates LLC now owns 223,149 shares of the company’s stock valued at $2,631,000 after acquiring an additional 14,123 shares during the last quarter. Finally, Punch & Associates Investment Management Inc. lifted its stake in BrightView by 2.0% in the 1st quarter. Punch & Associates Investment Management Inc. now owns 1,116,831 shares of the company’s stock worth $13,167,000 after purchasing an additional 22,362 shares in the last quarter. Hedge funds and other institutional investors own 92.41% of the company’s stock.

About BrightView

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.