BrightView Holdings, Inc. (NYSE:BV) Given Consensus Rating of "Moderate Buy" by Analysts

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.

Shares of BrightView Holdings, Inc. (NYSE:BV - Get Free Report) have been assigned a consensus recommendation of "Moderate Buy" from the six ratings firms that are currently covering the company, Marketbeat.com reports. One equities research 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 12-month price target among brokerages that have covered the stock in the last year is $17.98.

Several research analysts have recently issued reports on the company. Wall Street Zen cut BrightView from a "buy" rating to a "hold" rating in a research note on Saturday, August 9th. Robert W. Baird reduced their price objective on BrightView from $20.00 to $19.00 and set an "outperform" rating for the company in a research note on Wednesday, July 2nd. Finally, Loop Capital reduced their price objective on BrightView from $21.00 to $20.00 and set a "buy" rating for the company in a research note on Thursday, July 3rd.

Insider Buying and Selling

In related news, EVP Amanda Marie Orders sold 70,000 shares of the firm's 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 sale, the executive vice president directly owned 38,446 shares of the company's stock, valued at $568,231.88. This trade represents a 64.55% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.20% of the stock is currently owned by company insiders.

Institutional Trading of BrightView

Hedge funds and other institutional investors have recently bought and sold shares of the stock. IFP Advisors Inc grew its holdings in BrightView by 54.2% in the second quarter. IFP Advisors Inc now owns 2,385 shares of the company's stock valued at $40,000 after purchasing an additional 838 shares during the period. CWM LLC lifted its position in shares of BrightView by 58.7% in the first quarter. CWM LLC now owns 3,418 shares of the company's stock valued at $44,000 after acquiring an additional 1,264 shares in the last quarter. BNP Paribas Financial Markets lifted its position in BrightView by 66.8% during the second quarter. BNP Paribas Financial Markets now owns 5,591 shares of the company's stock worth $93,000 after buying an additional 2,240 shares in the last quarter. Tower Research Capital LLC TRC lifted its position in BrightView by 225.8% during the second quarter. Tower Research Capital LLC TRC now owns 5,640 shares of the company's stock worth $94,000 after buying an additional 3,909 shares in the last quarter. Finally, GAMMA Investing LLC lifted its position in BrightView by 933.1% during the first quarter. GAMMA Investing LLC now owns 8,089 shares of the company's stock worth $104,000 after buying an additional 7,306 shares in the last quarter. 92.41% of the stock is owned by institutional investors and hedge funds.

BrightView Stock Down 1.9%

BrightView stock traded down $0.26 during midday trading on Monday, reaching $13.37. The company's stock had a trading volume of 2,471,686 shares, compared to its average volume of 861,326. The stock's 50-day simple moving average is $14.93 and its 200-day simple moving average is $14.70. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.31 and a quick ratio of 1.31. BrightView has a 52-week low of $11.81 and a 52-week high of $18.89. The stock has a market capitalization of $1.27 billion, a P/E ratio of 445.80 and a beta of 1.29.

BrightView (NYSE:BV - Get Free Report) last released its quarterly earnings results on Wednesday, August 6th. The company reported $0.30 EPS for the quarter, missing analysts' consensus estimates of $0.32 by ($0.02). BrightView had a net margin of 2.00% and a return on equity of 8.76%. The business had revenue of $708.30 million during the quarter, compared to analysts' expectations of $763.43 million. During the same quarter last year, the business posted $0.32 earnings per share. The company's quarterly revenue was down 4.1% compared to the same quarter last year. On average, sell-side analysts expect that BrightView will post 0.73 EPS for the current 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.