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

Key Points

• BrightView Holdings, Inc. has received a consensus rating of "Moderate Buy" from six research firms, with an average 12-month price target of $17.98.
• The company reported $0.30 earnings per share for the last quarter, missing estimates, and had revenue of $708.30 million, a 4.1% decline year-over-year.
• Major shareholder KKR Group Partnership L.P. sold 11.6 million shares at an average price of $14.40, reducing their position by 35.01%.

BrightView Holdings, Inc. (NYSE:BV - Get Free Report) has earned a consensus rating of "Moderate Buy" from the six research firms that are currently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, one has given a hold recommendation and four have given a buy recommendation to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $17.98.

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

BrightView Stock Performance

NYSE BV opened at $14.5650 on Thursday. The company's fifty day moving average is $15.64 and its two-hundred day moving average is $14.71. BrightView has a 52-week low of $11.81 and a 52-week high of $18.89. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.31 and a quick ratio of 1.31. The firm has a market capitalization of $1.38 billion, a price-to-earnings ratio of 485.50 and a beta of 1.26.

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

Insider Buying and Selling at BrightView

In related news, major shareholder Kkr Group Partnership L.P. sold 11,600,000 shares of the stock in a transaction dated 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 completion of the sale, the insider owned 21,533,123 shares in the company, valued at $310,076,971.20. This trade represents a 35.01% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 2.20% of the company's stock.

Institutional Investors Weigh In On BrightView

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. First Trust Advisors LP acquired a new position in BrightView in the fourth quarter worth $3,388,000. Deutsche Bank AG raised its holdings in shares of BrightView by 71.1% in the fourth quarter. Deutsche Bank AG now owns 45,086 shares of the company's stock valued at $721,000 after buying an additional 18,742 shares during the last quarter. MetLife Investment Management LLC lifted its position in shares of BrightView by 6.9% during the fourth quarter. MetLife Investment Management LLC now owns 35,505 shares of the company's stock worth $568,000 after purchasing an additional 2,277 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in BrightView by 23.5% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 142,583 shares of the company's stock worth $2,280,000 after purchasing an additional 27,148 shares during the last quarter. Finally, Principal Financial Group Inc. lifted its holdings in BrightView by 3.2% during the 1st quarter. Principal Financial Group Inc. now owns 51,967 shares of the company's stock worth $667,000 after buying an additional 1,608 shares in the last quarter. 92.41% of the stock is owned by institutional investors and hedge funds.

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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