BrightView Holdings, Inc. (NYSE:BV) Given Consensus Rating of "Hold" by Brokerages

Key Points

• Analysts give BrightView a consensus rating of "Hold" (9 firms) with a mix of 3 sells, 2 holds, 2 buys and 2 strong buys, and an average 1-year price target of $14.68.
• BrightView reported -$0.01 EPS for the quarter (missing estimates) but beat revenue expectations at $614.7M, with revenue up 2.6% year-over-year and analysts projecting about $0.59 EPS for the fiscal year.
• Shares opened at $12.30 with a market cap of $1.16B and a negative P/E; insiders own 2.8% (a director bought 5,000 shares at $13.46) while institutional ownership is high at 92.41%.

Shares of BrightView Holdings, Inc. (NYSE:BV - Get Free Report) have earned a consensus recommendation of "Hold" from the nine research firms that are covering the firm, MarketBeat reports. Three analysts have rated the stock with a sell rating, two have issued a hold rating, two have issued a buy rating and two have given a strong buy rating to the company. The average 1-year price target among analysts that have covered the stock in the last year is $14.6833.

Several research firms recently issued reports on BV. Morgan Stanley upped their target price on BrightView from $13.00 to $14.00 and gave the stock an "equal weight" rating in a report on Monday, March 2nd. The Goldman Sachs Group reiterated a "sell" rating and set a $11.10 target price on shares of BrightView in a report on Monday, February 9th. JPMorgan Chase & Co. upped their target price on BrightView from $12.00 to $13.00 and gave the stock an "underweight" rating in a report on Thursday, February 5th. Finally, Weiss Ratings lowered BrightView from a "hold (c-)" rating to a "sell (d+)" rating in a report on Wednesday, February 4th.

BrightView Stock Performance

Shares of BrightView stock opened at $12.30 on Tuesday. The firm has a market cap of $1.16 billion, a price-to-earnings ratio of -614.75 and a beta of 1.29. The stock's 50-day moving average is $12.42 and its 200-day moving average is $12.69. BrightView has a one year low of $11.06 and a one year high of $17.10. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.26 and a quick ratio of 1.26.

BrightView (NYSE:BV - Get Free Report) last issued its quarterly earnings results on Tuesday, February 3rd. The company reported ($0.01) EPS for the quarter, missing analysts' consensus estimates of $0.01 by ($0.02). BrightView had a net margin of 1.90% and a return on equity of 7.85%. The firm had revenue of $614.70 million during the quarter, compared to the consensus estimate of $589.91 million. During the same quarter last year, the firm earned $0.04 earnings per share. The business's revenue for the quarter was up 2.6% on a year-over-year basis. Equities analysts predict that BrightView will post 0.59 earnings per share for the current fiscal year.

Insider Transactions at BrightView

In related news, Director William L. Cornog bought 5,000 shares of the company's stock in a transaction that occurred on Friday, February 6th. The shares were acquired at an average price of $13.46 per share, for a total transaction of $67,300.00. Following the completion of the acquisition, the director owned 5,000 shares of the company's stock, valued at approximately $67,300. The trade was a ∞ increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 2.80% of the company's stock.

Institutional Trading of BrightView

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Dimensional Fund Advisors LP increased its position in BrightView by 3.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 5,076,380 shares of the company's stock worth $64,318,000 after buying an additional 155,059 shares during the last quarter. Van Berkom & Associates Inc. increased its position in BrightView by 6.6% during the fourth quarter. Van Berkom & Associates Inc. now owns 4,858,860 shares of the company's stock worth $61,562,000 after buying an additional 300,982 shares during the last quarter. Cooke & Bieler LP increased its position in BrightView by 2.3% during the fourth quarter. Cooke & Bieler LP now owns 3,648,496 shares of the company's stock worth $46,226,000 after buying an additional 80,446 shares during the last quarter. Harvey Partners LLC increased its position in BrightView by 5.0% during the third quarter. Harvey Partners LLC now owns 2,949,000 shares of the company's stock worth $39,517,000 after buying an additional 141,000 shares during the last quarter. Finally, William Blair Investment Management LLC acquired a new position in BrightView during the third quarter worth approximately $25,565,000. Institutional investors own 92.41% of the company's stock.

BrightView Company Profile

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.

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