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

by · The Cerbat Gem

Shares of BrightView Holdings, Inc. (NYSE:BV – Get Free Report) have been assigned a consensus recommendation of “Moderate Buy” from the eight brokerages that are covering the firm, Marketbeat reports. One analyst has rated the stock with a sell rating, three have assigned a hold rating, two have issued a buy rating and two have issued a strong buy rating on the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $14.70.

BV has been the subject of a number of analyst reports. CJS Securities raised shares of BrightView to a “strong-buy” rating in a research note on Thursday, December 11th. Robert W. Baird decreased their price objective on shares of BrightView from $19.00 to $15.00 and set an “outperform” rating for the company in a research note on Thursday, November 20th. Weiss Ratings restated a “hold (c-)” rating on shares of BrightView in a report on Wednesday, October 8th. The Goldman Sachs Group lowered their price target on BrightView from $13.50 to $10.50 and set a “sell” rating on the stock in a report on Thursday, November 20th. Finally, Zacks Research raised BrightView from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 4th.

Check Out Our Latest Report on BrightView

BrightView Trading Down 0.5%

BrightView stock opened at $12.70 on Wednesday. BrightView has a 1 year low of $11.06 and a 1 year high of $17.10. The firm’s 50 day moving average price is $12.53 and its two-hundred day moving average price is $13.95. The firm has a market cap of $1.20 billion, a price-to-earnings ratio of 317.38 and a beta of 1.30. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.30 and a current ratio of 1.29.

BrightView (NYSE:BV – Get Free Report) last issued its earnings results on Wednesday, November 19th. The company reported $0.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.05). BrightView had a return on equity of 8.43% and a net margin of 2.10%.The company had revenue of $702.80 million during the quarter, compared to analyst estimates of $718.03 million. During the same quarter in the previous year, the firm earned $0.30 earnings per share. The business’s revenue was down 3.6% compared to the same quarter last year. On average, research analysts predict that BrightView will post 0.73 EPS for the current fiscal year.

Insider Activity at BrightView

In related news, Director William L. Cornog bought 10,000 shares of the business’s stock in a transaction on Tuesday, December 2nd. The stock was bought at an average price of $12.84 per share, for a total transaction of $128,400.00. Following the transaction, the director directly owned 30,000 shares in the company, valued at $385,200. This represents a 50.00% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Jonathan Mark Gottsegen sold 35,000 shares of the business’s stock in a transaction on Monday, December 1st. The shares were sold at an average price of $12.62, for a total transaction of $441,700.00. Following the transaction, the executive vice president owned 142,958 shares in the company, valued at approximately $1,804,129.96. This represents a 19.67% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 2.20% of the company’s stock.

Institutional Investors Weigh In On BrightView

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

About BrightView

(Get Free Report)

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.

Further Reading