Brokerages Set BrightView Holdings, Inc. (NYSE:BV) Price Target at $17.41

BrightView Holdings, Inc. (NYSE:BV - Get Free Report) has received an average recommendation of "Moderate Buy" from the nine analysts that are presently covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, one has assigned a hold recommendation, five have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $17.27.

BV has been the subject of several research analyst reports. Wall Street Zen downgraded BrightView from a "buy" rating to a "hold" rating in a research report on Friday, June 6th. Robert W. Baird lowered their target price on BrightView from $20.00 to $19.00 and set an "outperform" rating for the company in a research note on Wednesday. Finally, Loop Capital reduced their price target on shares of BrightView from $21.00 to $20.00 and set a "buy" rating on the stock in a research report on Thursday.

Insider Activity at BrightView

In other news, major shareholder Kkr Group Partnership L.P. sold 11,600,000 shares of the company's stock in a transaction on Friday, June 6th. The stock was sold at an average price of $14.40, for a total transaction of $167,040,000.00. Following the transaction, the insider owned 21,533,123 shares of the company's stock, valued at $310,076,971.20. This represents a 35.01% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 2.20% of the company's stock.

Institutional Trading of BrightView

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BV. First Trust Advisors LP acquired a new position in BrightView during the 4th quarter valued at about $3,388,000. Knights of Columbus Asset Advisors LLC bought a new stake in shares of BrightView during the fourth quarter worth approximately $1,727,000. Deutsche Bank AG lifted its holdings in BrightView by 71.1% in the fourth quarter. Deutsche Bank AG now owns 45,086 shares of the company's stock valued at $721,000 after buying an additional 18,742 shares during the period. Trexquant Investment LP lifted its holdings in BrightView by 38.8% in the fourth quarter. Trexquant Investment LP now owns 334,859 shares of the company's stock valued at $5,354,000 after buying an additional 93,551 shares during the period. Finally, MetLife Investment Management LLC boosted its stake in BrightView by 6.9% in the fourth quarter. MetLife Investment Management LLC now owns 35,505 shares of the company's stock valued at $568,000 after acquiring an additional 2,277 shares during the last quarter. 92.41% of the stock is currently owned by institutional investors and hedge funds.

BrightView Price Performance

BV stock traded up $0.46 during trading on Wednesday, hitting $15.61. 193,406 shares of the stock traded hands, compared to its average volume of 692,931. The stock has a market cap of $1.49 billion, a price-to-earnings ratio of -780.11 and a beta of 1.27. BrightView has a one year low of $11.81 and a one year high of $18.89. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.63. The company has a 50 day simple moving average of $15.64 and a 200 day simple moving average of $14.79.

BrightView (NYSE:BV - Get Free Report) last posted its earnings results on Wednesday, May 7th. The company reported $0.14 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.12 by $0.02. The company had revenue of $662.60 million during the quarter, compared to analysts' expectations of $643.29 million. BrightView had a net margin of 1.65% and a return on equity of 8.29%. BrightView's quarterly revenue was down 1.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.11 earnings per share. Equities analysts expect that BrightView will post 0.73 EPS for the current fiscal year.

About BrightView

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.