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

Shares of BrightView Holdings, Inc. (NYSE:BV) have been assigned an average rating of “Moderate Buy” from the eight research firms that are currently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, three have issued a hold recommendation, two have issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $14.70.

Several equities research analysts have issued reports on the stock. BTIG Research initiated coverage on shares of BrightView in a research note on Monday, December 1st. They issued a “buy” rating and a $15.00 price target on the stock. Robert W. Baird lowered their target price on BrightView from $19.00 to $15.00 and set an “outperform” rating on the stock in a research report on Thursday, November 20th. Weiss Ratings reissued a “hold (c-)” rating on shares of BrightView in a research report on Wednesday, October 8th. Zacks Research upgraded BrightView from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 4th. Finally, CJS Securities upgraded BrightView to a “strong-buy” rating in a research note on Thursday, December 11th.

Insider Buying and Selling at BrightView

In other news, Director William L. Cornog bought 10,000 shares of the company’s stock in a transaction dated Tuesday, December 2nd. The shares were bought at an average cost of $12.84 per share, with a total value of $128,400.00. Following the acquisition, the director owned 30,000 shares in the company, valued at $385,200. This trade represents a 50.00% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Jonathan Mark Gottsegen sold 35,000 shares of the firm’s stock in a transaction dated Monday, December 1st. The shares were sold at an average price of $12.62, for a total transaction of $441,700.00. Following the completion of the sale, the executive vice president owned 142,958 shares of the company’s stock, valued at $1,804,129.96. This trade represents a 19.67% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 2.20% of the company’s stock.

Institutional Trading of BrightView

Several institutional investors and hedge funds have recently bought and sold shares of BV. IFP Advisors Inc raised its stake in BrightView by 54.2% in the 2nd quarter. IFP Advisors Inc now owns 2,385 shares of the company’s stock valued at $40,000 after acquiring an additional 838 shares during the period. Creative Planning increased its holdings in shares of BrightView by 3.9% in the second quarter. Creative Planning now owns 22,841 shares of the company’s stock valued at $380,000 after purchasing an additional 858 shares during the last quarter. Redmond Asset Management LLC increased its holdings in shares of BrightView by 0.5% in the third quarter. Redmond Asset Management LLC now owns 172,478 shares of the company’s stock valued at $2,311,000 after purchasing an additional 871 shares during the last quarter. Anchor Capital Advisors LLC raised its position in shares of BrightView by 2.0% in the third quarter. Anchor Capital Advisors LLC now owns 69,777 shares of the company’s stock valued at $935,000 after purchasing an additional 1,355 shares during the period. Finally, Rhumbline Advisers lifted its stake in shares of BrightView by 1.9% during the 3rd quarter. Rhumbline Advisers now owns 94,158 shares of the company’s stock worth $1,262,000 after buying an additional 1,733 shares during the last quarter. Institutional investors own 92.41% of the company’s stock.

BrightView Stock Down 0.3%

BV stock opened at $12.89 on Wednesday. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.29 and a quick ratio of 1.30. The stock has a market capitalization of $1.22 billion, a P/E ratio of 322.13 and a beta of 1.30. BrightView has a fifty-two week low of $11.06 and a fifty-two week high of $17.10. The business has a 50-day moving average of $12.55 and a 200-day moving average of $13.99.

BrightView (NYSE:BV) last released its earnings results on Wednesday, November 19th. The company reported $0.27 EPS for the quarter, missing the consensus estimate of $0.32 by ($0.05). The firm had revenue of $702.80 million during the quarter, compared to the consensus estimate of $718.03 million. BrightView had a net margin of 2.10% and a return on equity of 8.43%. The company’s revenue was down 3.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.30 EPS. On average, sell-side analysts anticipate that BrightView will post 0.73 earnings per share for the current fiscal year.

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.