BrightView Holdings, Inc. (NYSE:BV) Receives Consensus Recommendation of "Hold" from Analysts

Key Points

• Analysts assign BrightView a consensus "Hold" rating from nine analysts (3 sell, 2 hold, 2 buy, 2 strong buy) with an average 12‑month target price of $14.68.
• Director William L. Cornog purchased 5,000 shares at $13.46, insiders own 2.8% of the company and institutional investors control 92.41%, including a new ~\$61.1M position by Van Berkom & Associates.
• BrightView reported quarterly EPS of ($0.01) (missing estimates) while revenue beat at $614.7M; the stock opened at $12.80 (down ~4.3%), market cap ~$1.21B and a negative P/E reflecting weak profitability.

Shares of BrightView Holdings, Inc. (NYSE:BV - Get Free Report) have been assigned a consensus rating of "Hold" from the nine analysts that are presently covering the company, MarketBeat.com reports. Three investment analysts have rated the stock with a sell recommendation, two have given a hold recommendation, two have issued a buy recommendation and two have given a strong buy recommendation to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $14.6833.

A number of analysts have weighed in on BV shares. CJS Securities upgraded BrightView to a "strong-buy" rating in a research note on Thursday, December 11th. BTIG Research assumed coverage on shares of BrightView in a research report on Monday, December 1st. They issued a "buy" rating and a $15.00 price target for the company. Morgan Stanley increased their price objective on BrightView from $13.00 to $14.00 and gave the stock an "equal weight" rating in a research report on Monday, March 2nd. JPMorgan Chase & Co. raised their target price on shares of BrightView from $12.00 to $13.00 and gave the stock an "underweight" rating in a research note on Thursday, February 5th. Finally, The Goldman Sachs Group reissued a "sell" rating and issued a $11.10 price target on shares of BrightView in a report on Monday, February 9th.

Insider Transactions at BrightView

In related news, Director William L. Cornog purchased 5,000 shares of BrightView stock in a transaction dated Friday, February 6th. The stock was bought at an average cost of $13.46 per share, for a total transaction of $67,300.00. Following the transaction, the director owned 5,000 shares in the company, valued at approximately $67,300. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 2.80% of the company's stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Van Berkom & Associates Inc. acquired a new position in shares of BrightView during the 3rd quarter worth approximately $61,076,000. Arrowstreet Capital Limited Partnership lifted its position in BrightView by 68.6% during the second quarter. Arrowstreet Capital Limited Partnership now owns 1,357,920 shares of the company's stock worth $22,609,000 after buying an additional 552,727 shares during the period. Cooke & Bieler LP increased its stake in shares of BrightView by 40.9% during the 3rd quarter. Cooke & Bieler LP now owns 3,568,050 shares of the company's stock valued at $47,812,000 after acquiring an additional 1,035,820 shares during the last quarter. Harvey Partners LLC increased its stake in shares of BrightView by 8.8% during the 2nd quarter. Harvey Partners LLC now owns 2,808,000 shares of the company's stock valued at $46,753,000 after acquiring an additional 227,500 shares during the last quarter. Finally, Boston Partners lifted its holdings in shares of BrightView by 31.5% during the 2nd quarter. Boston Partners now owns 1,326,994 shares of the company's stock worth $22,093,000 after acquiring an additional 317,846 shares during the period. Institutional investors and hedge funds own 92.41% of the company's stock.

BrightView Stock Down 4.3%

BrightView stock opened at $12.80 on Monday. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.64. The firm has a market capitalization of $1.21 billion, a P/E ratio of -640.00 and a beta of 1.26. The stock's fifty day simple moving average is $13.32 and its 200-day simple moving average is $13.17. BrightView has a twelve month low of $11.06 and a twelve month high of $17.10.

BrightView (NYSE:BV - Get Free Report) last announced its quarterly earnings data on Tuesday, February 3rd. The company reported ($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.01 by ($0.02). The company had revenue of $614.70 million during the quarter, compared to analysts' expectations of $589.91 million. BrightView had a net margin of 1.90% and a return on equity of 7.85%. The business's quarterly revenue was up 2.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.04 EPS. As a group, equities analysts expect that BrightView will post 0.73 earnings per share for the current fiscal year.

About BrightView

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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