BrightView Holdings, Inc. (NYSE:BV) Given Consensus Rating of “Moderate Buy” by Brokerages

BrightView Holdings, Inc. (NYSE:BV) has been assigned a consensus recommendation of “Moderate Buy” from the ten research firms that are covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, one has assigned a hold recommendation, six have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $17.11.

Several equities research analysts recently weighed in on BV shares. Loop Capital boosted their target price on BrightView from $18.00 to $20.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Robert W. Baird increased their price objective on BrightView from $18.00 to $20.00 and gave the company an “outperform” rating in a research report on Thursday, November 14th. William Blair raised shares of BrightView from a “market perform” rating to an “outperform” rating in a research report on Friday, November 15th. BTIG Research started coverage on shares of BrightView in a research note on Monday, December 2nd. They set a “buy” rating and a $22.00 target price for the company. Finally, Morgan Stanley raised their price target on shares of BrightView from $15.00 to $16.00 and gave the stock an “equal weight” rating in a research report on Thursday, December 12th.

BrightView Stock Down 2.2 %

BrightView stock opened at $16.04 on Friday. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.63. BrightView has a 1-year low of $7.75 and a 1-year high of $18.89. The firm’s fifty day simple moving average is $16.79 and its 200-day simple moving average is $15.38. The company has a market capitalization of $1.52 billion, a P/E ratio of 145.83 and a beta of 1.30.

BrightView (NYSE:BV) last posted its earnings results on Wednesday, November 13th. The company reported $0.30 earnings per share for the quarter, beating the consensus estimate of $0.28 by $0.02. The company had revenue of $728.70 million for the quarter, compared to analyst estimates of $723.01 million. BrightView had a return on equity of 7.65% and a net margin of 2.40%. The business’s revenue was down 2.0% compared to the same quarter last year. During the same period last year, the company earned $0.14 earnings per share. Sell-side analysts forecast that BrightView will post 0.75 earnings per share for the current fiscal year.

Insider Buying and Selling at BrightView

In other news, EVP Jonathan Mark Gottsegen sold 29,658 shares of the stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $16.06, for a total value of $476,307.48. Following the completion of the transaction, the executive vice president now directly owns 100,354 shares of the company’s stock, valued at approximately $1,611,685.24. This represents a 22.81 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 2.40% of the company’s stock.

Institutional Trading of BrightView

Large investors have recently bought and sold shares of the stock. Millburn Ridgefield Corp acquired a new position in BrightView in the third quarter valued at about $45,000. FMR LLC boosted its holdings in shares of BrightView by 293.4% in the 3rd quarter. FMR LLC now owns 6,884 shares of the company’s stock worth $108,000 after acquiring an additional 5,134 shares in the last quarter. Kathmere Capital Management LLC bought a new stake in BrightView during the 2nd quarter worth approximately $133,000. Quest Partners LLC acquired a new stake in BrightView during the 3rd quarter valued at $153,000. Finally, XTX Topco Ltd bought a new position in BrightView in the 3rd quarter valued at $184,000. 92.41% of the stock is currently owned by institutional investors.

BrightView Company Profile

BrightView Holdings, Inc, through its subsidiaries, provides commercial landscaping services in the United States. It operates through two segments, Maintenance Services and Development Services. The Maintenance Services segment delivers a suite of recurring commercial landscaping services, including mowing, gardening, mulching and snow removal, water management, irrigation maintenance, tree care, golf course maintenance, and specialty turf maintenance.