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

BrightView Holdings, Inc. (NYSE:BV) has earned an average recommendation of “Hold” from the ten research firms that are presently covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, three have given a hold recommendation, four have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $15.30.

BV has been the topic of several analyst reports. JPMorgan Chase & Co. upgraded BrightView from an “underweight” rating to a “neutral” rating and upped their price objective for the company from $13.00 to $14.00 in a research note on Thursday, May 7th. Oppenheimer initiated coverage on BrightView in a research note on Wednesday, June 17th. They issued an “outperform” rating and a $17.00 price objective on the stock. BTIG Research reiterated a “buy” rating and issued a $16.00 price objective on shares of BrightView in a research note on Monday, May 11th. Weiss Ratings reiterated a “sell (d+)” rating on shares of BrightView in a research note on Monday, May 4th. Finally, Morgan Stanley upped their price objective on BrightView from $13.00 to $14.00 and gave the company an “equal weight” rating in a research note on Monday, March 2nd.

BrightView Price Performance

Shares of BV stock opened at $13.39 on Wednesday. The stock has a 50 day moving average of $12.53 and a two-hundred day moving average of $12.71. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 0.66. BrightView has a 12 month low of $11.06 and a 12 month high of $17.10. The company has a market capitalization of $1.25 billion, a P/E ratio of -191.29 and a beta of 1.19.

BrightView (NYSE:BV) last announced its quarterly earnings data on Tuesday, May 5th. The company reported $0.09 EPS for the quarter, topping analysts’ consensus estimates of $0.08 by $0.01. BrightView had a return on equity of 7.25% and a net margin of 1.70%.The company had revenue of $702.90 million during the quarter, compared to the consensus estimate of $638.80 million. During the same quarter last year, the company earned $0.14 EPS. The company’s quarterly revenue was up 6.1% on a year-over-year basis. As a group, equities analysts expect that BrightView will post 0.56 EPS for the current year.

Institutional Investors Weigh In On BrightView

Several large investors have recently modified their holdings of BV. Royal Bank of Canada grew its stake in shares of BrightView by 4.7% in the 1st quarter. Royal Bank of Canada now owns 699,959 shares of the company’s stock valued at $8,988,000 after purchasing an additional 31,291 shares during the period. AQR Capital Management LLC grew its stake in shares of BrightView by 75.9% in the 1st quarter. AQR Capital Management LLC now owns 209,995 shares of the company’s stock valued at $2,696,000 after purchasing an additional 90,627 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of BrightView by 7.1% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 35,443 shares of the company’s stock worth $455,000 after acquiring an additional 2,349 shares in the last quarter. Millennium Management LLC boosted its holdings in shares of BrightView by 54.2% in the 1st quarter. Millennium Management LLC now owns 1,456,682 shares of the company’s stock worth $18,704,000 after acquiring an additional 512,098 shares in the last quarter. Finally, Goldman Sachs Group Inc. boosted its holdings in shares of BrightView by 11.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,658,306 shares of the company’s stock worth $21,293,000 after acquiring an additional 167,966 shares in the last quarter. 92.41% of the stock is currently owned by institutional investors.

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.