BrightView Holdings, Inc. (NYSE:BV) Receives $17.41 Average Price Target from Analysts

BrightView Holdings, Inc. (NYSE:BV - Get Free Report) has received an average rating of "Moderate Buy" from the nine analysts that are covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating, five have given a buy rating and one has given a strong buy rating to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $17.41.

Separately, Wall Street Zen cut shares of BrightView from a "buy" rating to a "hold" rating in a research report on Friday.

BrightView Price Performance

Shares of BV traded down $0.61 during trading hours on Friday, hitting $16.33. 765,520 shares of the company were exchanged, compared to its average volume of 591,402. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 0.63. BrightView has a fifty-two week low of $11.81 and a fifty-two week high of $18.89. The company has a market cap of $1.56 billion, a price-to-earnings ratio of 90.72 and a beta of 1.26. The firm's fifty day moving average is $14.73 and its 200 day moving average is $14.91.

BrightView (NYSE:BV - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The company reported $0.14 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.02. The business had revenue of $662.60 million for the quarter, compared to analyst estimates of $643.29 million. BrightView had a return on equity of 7.86% and a net margin of 2.64%. BrightView's revenue was down 1.5% compared to the same quarter last year. During the same period last year, the firm posted $0.11 earnings per share. On average, equities analysts anticipate that BrightView will post 0.73 earnings per share for the current fiscal year.

Insider Buying and Selling

In other BrightView news, major shareholder Kkr Group Partnership L.P. sold 11,600,000 shares of the company's stock in a transaction dated Friday, June 6th. The stock was sold at an average price of $14.40, for a total value of $167,040,000.00. Following the sale, the insider now owns 21,533,123 shares in the company, valued at approximately $310,076,971.20. The trade was a 35.01% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 2.20% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On BrightView

A number of hedge funds and other institutional investors have recently made changes to their positions in BV. Janney Montgomery Scott LLC bought a new stake in BrightView during the fourth quarter valued at $273,000. Bleakley Financial Group LLC lifted its stake in shares of BrightView by 17.3% in the 4th quarter. Bleakley Financial Group LLC now owns 18,689 shares of the company's stock valued at $299,000 after purchasing an additional 2,752 shares during the period. Empowered Funds LLC boosted its position in shares of BrightView by 5.1% during the 4th quarter. Empowered Funds LLC now owns 498,185 shares of the company's stock valued at $7,966,000 after purchasing an additional 24,328 shares in the last quarter. New York State Teachers Retirement System grew its stake in BrightView by 32.1% during the fourth quarter. New York State Teachers Retirement System now owns 5,326 shares of the company's stock worth $85,000 after purchasing an additional 1,293 shares during the period. Finally, Rhumbline Advisers grew its stake in BrightView by 1.0% during the fourth quarter. Rhumbline Advisers now owns 82,520 shares of the company's stock worth $1,319,000 after purchasing an additional 831 shares during the period. 92.41% of the stock is owned by institutional investors and hedge funds.

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.