BrightView Holdings, Inc. (NYSE:BV) Stock Has Consensus Price Target of $14.10

BrightView Holdings, Inc. (NYSE:BV) has received a consensus rating of “Hold” from the nine analysts that are covering the stock, MarketBeat reports. Three research analysts have rated the stock with a sell rating, two have assigned a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $14.10.

Several brokerages have issued reports on BV. Robert W. Baird set a $14.00 price objective on shares of BrightView in a research note on Wednesday, August 5th. Wall Street Zen upgraded shares of BrightView from a “sell” rating to a “hold” rating in a research note on Saturday, September 12th. Oppenheimer started coverage on shares of BrightView in a report on Wednesday, June 17th. They issued an “outperform” rating and a $17.00 target price on the stock. Zacks Research lowered shares of BrightView from a “hold” rating to a “strong sell” rating in a research note on Tuesday, July 14th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of BrightView in a report on Friday, July 31st.

Insiders Place Their Bets

In other BrightView news, Director William Cornog bought 50,000 shares of the company’s stock in a transaction 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 transaction, the director owned 70,000 shares of the company’s stock, valued at approximately $787,500. This trade represents a 250.00% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 2.80% of the company’s stock.

Institutional Trading of BrightView

Several hedge funds have recently modified their holdings of the business. BlackRock Inc. acquired a new position in BrightView during the second quarter worth $80,091,000. Dimensional Fund Advisors LP lifted its holdings in BrightView by 3.8% in the first quarter. Dimensional Fund Advisors LP now owns 5,268,756 shares of the company’s stock valued at $62,118,000 after acquiring an additional 192,376 shares during the period. Van Berkom & Associates Inc. lifted its holdings in BrightView by 3.7% in the first quarter. Van Berkom & Associates Inc. now owns 5,038,617 shares of the company’s stock valued at $59,405,000 after acquiring an additional 179,757 shares during the period. Bessemer Group Inc. boosted its position in shares of BrightView by 5.6% during the 1st quarter. Bessemer Group Inc. now owns 1,879,712 shares of the company’s stock worth $22,162,000 after purchasing an additional 99,103 shares in the last quarter. Finally, Punch & Associates Investment Management Inc. purchased a new stake in shares of BrightView during the 2nd quarter worth $16,778,000. 92.41% of the stock is owned by institutional investors and hedge funds.

BrightView Trading Up 1.5%

Shares of BV stock opened at $10.15 on Friday. The company has a market capitalization of $946.35 million, a P/E ratio of -40.62, a price-to-earnings-growth ratio of 1.66 and a beta of 1.20. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.71. The business’s 50 day moving average is $11.41 and its two-hundred day moving average is $12.30. BrightView has a twelve month low of $9.81 and a twelve month high of $15.00.

BrightView (NYSE:BV) last released its quarterly earnings results on Tuesday, August 4th. The company reported $0.17 EPS for the quarter, missing the consensus estimate of $0.29 by ($0.12). BrightView had a return on equity of 5.03% and a net margin of 0.74%.The company had revenue of $717.60 million for the quarter, compared to analysts’ expectations of $726.13 million. During the same quarter last year, the company earned $0.30 EPS. BrightView’s revenue for the quarter was up 1.3% compared to the same quarter last year. Equities analysts forecast that BrightView will post 0.4 EPS for the current year.

BrightView Company Profile

BrightView Holdings, Inc provides commercial landscaping services in the United States. The company serves businesses, municipalities, educational institutions, healthcare facilities, homeowners’ associations, sports and entertainment venues, and other organizations that require landscape management and related outdoor services.

Its services include landscape maintenance, landscape design and development, irrigation installation and management, tree care, water management, and snow and ice removal.