Brokerages Set BrightView Holdings, Inc. (NYSE:BV) Target Price at $14.70

Shares of BrightView Holdings, Inc. (NYSE:BV) have been given a consensus recommendation of “Moderate Buy” by the eight brokerages that are presently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, three have given a hold recommendation, two have issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $14.70.

Several research firms have commented on BV. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of BrightView in a report on Wednesday, October 8th. Zacks Research upgraded BrightView from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 4th. BTIG Research started coverage on BrightView in a research note on Monday, December 1st. They issued a “buy” rating and a $15.00 target price for the company. CJS Securities upgraded shares of BrightView to a “strong-buy” rating in a research note on Thursday, December 11th. Finally, The Goldman Sachs Group lowered their price target on shares of BrightView from $13.50 to $10.50 and set a “sell” rating on the stock in a report on Thursday, November 20th.

BrightView Price Performance

NYSE:BV opened at $13.04 on Friday. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.29 and a quick ratio of 1.30. BrightView has a one year low of $11.06 and a one year high of $17.10. The company has a fifty day moving average price of $12.68 and a 200 day moving average price of $13.64. The stock has a market cap of $1.23 billion, a P/E ratio of 325.95 and a beta of 1.28.

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

Insider Activity

In related news, EVP Jonathan Mark Gottsegen sold 35,000 shares of the company’s stock in a transaction dated Monday, December 1st. The shares were sold at an average price of $12.62, for a total value of $441,700.00. Following the sale, the executive vice president owned 142,958 shares of the company’s stock, valued at $1,804,129.96. The trade was a 19.67% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director William L. Cornog purchased 10,000 shares of the business’s stock in a transaction on Tuesday, December 2nd. The shares were acquired at an average price of $12.84 per share, with a total value of $128,400.00. Following the purchase, the director owned 30,000 shares of the company’s stock, valued at approximately $385,200. This trade represents a 50.00% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 2.80% of the stock is currently owned by insiders.

Institutional Trading of BrightView

Several institutional investors have recently bought and sold shares of BV. IFP Advisors Inc raised its stake in BrightView by 54.2% during the second quarter. IFP Advisors Inc now owns 2,385 shares of the company’s stock worth $40,000 after acquiring an additional 838 shares in the last quarter. BNP Paribas Financial Markets grew its holdings in shares of BrightView by 66.8% in the 2nd quarter. BNP Paribas Financial Markets now owns 5,591 shares of the company’s stock worth $93,000 after purchasing an additional 2,240 shares during the last quarter. Tower Research Capital LLC TRC increased its position in shares of BrightView by 225.8% during the 2nd quarter. Tower Research Capital LLC TRC now owns 5,640 shares of the company’s stock worth $94,000 after purchasing an additional 3,909 shares in the last quarter. CWM LLC lifted its holdings in BrightView by 86.2% during the 2nd quarter. CWM LLC now owns 6,364 shares of the company’s stock valued at $106,000 after purchasing an additional 2,946 shares during the last quarter. Finally, State of Alaska Department of Revenue acquired a new position in BrightView in the third quarter valued at about $85,000. Institutional investors and hedge funds 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.