BrightView Holdings, Inc. (NYSE:BV) Receives Average Rating of “Hold” from Analysts

Shares of BrightView Holdings, Inc. (NYSE:BV) have been given an average recommendation of “Hold” by the nine brokerages that are currently covering the stock, Marketbeat Ratings reports. Three analysts have rated the stock with a sell rating, two have given a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $14.10.

BV has been the topic of a number of research reports. Morgan Stanley lowered their target price on BrightView from $14.00 to $12.50 and set an “equal weight” rating on the stock in a research report on Thursday, August 6th. Robert W. Baird set a $14.00 price target on shares of BrightView in a research report on Wednesday, August 5th. BTIG Research restated a “buy” rating and set a $16.00 price target on shares of BrightView in a research note on Monday, May 11th. Zacks Research downgraded shares of BrightView from a “hold” rating to a “strong sell” rating in a report on Tuesday, July 14th. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of BrightView in a research note on Friday, July 31st.

Insider Activity at BrightView

In other BrightView news, Director William L. Cornog bought 50,000 shares of the stock in a transaction that occurred on Thursday, August 6th. The shares were bought at an average price of $11.25 per share, for a total transaction of $562,500.00. Following the acquisition, the director directly owned 70,000 shares of the company’s stock, valued at approximately $787,500. The trade was a 250.00% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.80% of the stock is currently owned by insiders.

Hedge Funds Weigh In On BrightView

A number of hedge funds have recently added to or reduced their stakes in the stock. California State Teachers Retirement System raised its stake in shares of BrightView by 1,952.8% in the second quarter. California State Teachers Retirement System now owns 1,166,687 shares of the company’s stock worth $16,532,000 after purchasing an additional 1,109,853 shares during the last quarter. Empowered Funds LLC purchased a new position in shares of BrightView during the second quarter valued at approximately $6,189,000. AWH Capital L.P. bought a new stake in BrightView during the second quarter worth $6,022,250. Public Employees Retirement System of Ohio bought a new stake in BrightView during the second quarter worth $41,000. Finally, Punch & Associates Investment Management Inc. purchased a new stake in BrightView in the 2nd quarter valued at $16,778,000. Institutional investors and hedge funds own 92.41% of the company’s stock.

BrightView Stock Performance

Shares of BrightView stock opened at $11.28 on Monday. BrightView has a one year low of $10.42 and a one year high of $15.00. The firm has a market capitalization of $1.05 billion, a price-to-earnings ratio of -45.12, a PEG ratio of 1.86 and a beta of 1.18. The business has a 50-day simple moving average of $13.07 and a 200 day simple moving average of $12.73. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.28 and a quick ratio of 1.28.

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 analysts’ consensus estimates of $0.29 by ($0.12). The firm had revenue of $717.60 million for the quarter, compared to analyst estimates of $726.13 million. BrightView had a return on equity of 5.03% and a net margin of 0.74%.The firm’s quarterly revenue was up 1.3% compared to the same quarter last year. During the same period last year, the company posted $0.30 earnings per share. On average, research analysts anticipate that BrightView will post 0.4 earnings per share for the current fiscal 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.