Analysts Set BrightView Holdings, Inc. (NYSE:BV) Target Price at $17.27

Key Points

• BrightView Holdings, Inc. has received a consensus recommendation of "Moderate Buy" from nine analysts, with an average target price of $17.27.
• Major shareholder Kkr Group Partnership L.P. sold 11.6 million shares for $167 million, reducing their ownership by 35.01%.
• BrightView reported a quarterly EPS of $0.14, surpassing analyst expectations, with Q1 revenue of $662.60 million, though down 1.5% year-over-year.

BrightView Holdings, Inc. (NYSE:BV - Get Free Report) has earned an average recommendation of "Moderate Buy" from the nine brokerages that are currently covering the company, MarketBeat reports. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $17.27.

A number of equities analysts have weighed in on the company. Wall Street Zen raised BrightView from a "hold" rating to a "buy" rating in a research report on Saturday, July 5th. Loop Capital dropped their price target on BrightView from $21.00 to $20.00 and set a "buy" rating on the stock in a research note on Thursday, July 3rd. Finally, Robert W. Baird cut their price target on BrightView from $20.00 to $19.00 and set an "outperform" rating for the company in a report on Wednesday, July 2nd.

Insider Activity at BrightView

In other news, major shareholder Kkr Group Partnership L.P. sold 11,600,000 shares of the business's stock in a transaction on Friday, June 6th. The shares were sold at an average price of $14.40, for a total transaction of $167,040,000.00. Following the sale, the insider owned 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 sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 2.20% of the company's stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. American Century Companies Inc. lifted its stake in shares of BrightView by 14.7% in the 4th quarter. American Century Companies Inc. now owns 116,231 shares of the company's stock valued at $1,859,000 after purchasing an additional 14,915 shares during the last quarter. KLP Kapitalforvaltning AS bought a new position in BrightView in the fourth quarter worth approximately $179,000. Vanguard Group Inc. boosted its holdings in shares of BrightView by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 5,830,873 shares of the company's stock valued at $93,236,000 after buying an additional 59,857 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of BrightView by 263.6% during the 4th quarter. JPMorgan Chase & Co. now owns 161,056 shares of the company's stock valued at $2,575,000 after purchasing an additional 116,758 shares during the last quarter. Finally, Trexquant Investment LP grew its stake in shares of BrightView by 38.8% during the fourth quarter. Trexquant Investment LP now owns 334,859 shares of the company's stock worth $5,354,000 after acquiring an additional 93,551 shares during the last quarter. Institutional investors own 92.41% of the company's stock.

BrightView Stock Up 0.2%

Shares of BrightView stock traded up $0.03 during trading on Friday, reaching $16.30. The stock had a trading volume of 506,532 shares, compared to its average volume of 716,133. 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 market capitalization of $1.55 billion, a price-to-earnings ratio of -814.59 and a beta of 1.27. BrightView has a 52 week low of $11.81 and a 52 week high of $18.89. The stock has a fifty day moving average price of $15.89 and a two-hundred day moving average price of $14.74.

BrightView (NYSE:BV - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The company reported $0.14 earnings per share for the quarter, topping analysts' consensus estimates of $0.12 by $0.02. BrightView had a return on equity of 8.29% and a net margin of 1.65%. The firm had revenue of $662.60 million during the quarter, compared to the consensus estimate of $643.29 million. During the same quarter in the prior year, the firm posted $0.11 EPS. The business's revenue was down 1.5% on a year-over-year basis. Sell-side analysts predict 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.