BrightView Holdings, Inc. (NYSE:BV) Receives Consensus Rating of "Moderate Buy" from Brokerages

Key Points

• BrightView Holdings, Inc. has a consensus rating of "Moderate Buy" from six brokerages, with an average twelve-month target price of $17.98.
• Recent quarterly earnings revealed an EPS of $0.30, missing estimates, and a revenue of $708.30 million, down 4.1% year-over-year.
• Insider EVP Amanda Marie Orders sold 70,000 shares of BrightView, resulting in a 64.55% decrease in their holdings.

BrightView Holdings, Inc. (NYSE:BV - Get Free Report) has been assigned a consensus recommendation of "Moderate Buy" from the six brokerages that are covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, one has given a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month target price among analysts that have covered the stock in the last year is $17.98.

A number of research analysts have weighed in on BV shares. Wall Street Zen lowered BrightView from a "buy" rating to a "hold" rating in a report on Saturday, August 9th. Robert W. Baird reduced their target price on BrightView from $20.00 to $19.00 and set an "outperform" rating for the company in a report on Wednesday, July 2nd. Finally, Loop Capital reduced their target price on BrightView from $21.00 to $20.00 and set a "buy" rating for the company in a report on Thursday, July 3rd.

BrightView Trading Down 1.6%

Shares of BrightView stock opened at $13.93 on Monday. BrightView has a 52-week low of $11.81 and a 52-week high of $18.89. The stock's 50-day simple moving average is $15.13 and its 200 day simple moving average is $14.70. The stock has a market capitalization of $1.32 billion, a P/E ratio of 464.37 and a beta of 1.29. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.31 and a current ratio of 1.31.

BrightView (NYSE:BV - Get Free Report) last announced its quarterly earnings data on Wednesday, August 6th. The company reported $0.30 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.32 by ($0.02). The firm had revenue of $708.30 million during the quarter, compared to the consensus estimate of $763.43 million. BrightView had a net margin of 2.00% and a return on equity of 8.76%. The company's revenue was down 4.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.32 earnings per share. As a group, research analysts anticipate that BrightView will post 0.73 EPS for the current year.

Insiders Place Their Bets

In other BrightView news, EVP Amanda Marie Orders sold 70,000 shares of BrightView stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $14.78, for a total transaction of $1,034,600.00. Following the completion of the transaction, the executive vice president owned 38,446 shares of the company's stock, valued at $568,231.88. The trade was a 64.55% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 2.20% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Harvey Partners LLC increased its position in shares of BrightView by 8.8% in the second quarter. Harvey Partners LLC now owns 2,808,000 shares of the company's stock worth $46,753,000 after purchasing an additional 227,500 shares during the last quarter. Cooke & Bieler LP increased its position in shares of BrightView by 0.7% in the second quarter. Cooke & Bieler LP now owns 2,532,230 shares of the company's stock worth $42,162,000 after purchasing an additional 16,620 shares during the last quarter. Bessemer Group Inc. increased its position in shares of BrightView by 52.4% in the second quarter. Bessemer Group Inc. now owns 2,424,001 shares of the company's stock worth $40,362,000 after purchasing an additional 833,469 shares during the last quarter. Newtyn Management LLC increased its position in shares of BrightView by 30.5% in the first quarter. Newtyn Management LLC now owns 2,300,000 shares of the company's stock worth $29,532,000 after purchasing an additional 538,111 shares during the last quarter. Finally, Boston Partners increased its position in shares of BrightView by 106.1% in the second quarter. Boston Partners now owns 2,079,487 shares of the company's stock worth $34,622,000 after purchasing an additional 1,070,339 shares during the last quarter. 92.41% of the stock is currently owned by institutional investors.

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.

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