BrightView Holdings, Inc. (NYSE:BV) Given Consensus Recommendation of "Moderate Buy" by 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 analysts that are currently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating on the company. The average twelve-month price objective among brokers 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 price objective on shares of BrightView from $21.00 to $20.00 and set a "buy" rating for the company in a research note on Thursday, July 3rd. Robert W. Baird reduced their price objective on shares of BrightView from $20.00 to $19.00 and set an "outperform" rating for the company in a research note on Wednesday, July 2nd. Finally, Wall Street Zen cut shares of BrightView from a "buy" rating to a "hold" rating in a research note on Saturday, August 9th.

Insider Activity at BrightView

In related news, major shareholder Kkr Group Partnership L.P. sold 11,600,000 shares of the firm's stock in a transaction dated Friday, June 6th. The shares were sold at an average price of $14.40, for a total value 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 2.20% of the stock is owned by company insiders.

Hedge Funds Weigh In On BrightView

Hedge funds have recently added to or reduced their stakes in the business. Sterling Capital Management LLC increased its holdings in BrightView by 832.0% during the 4th quarter. Sterling Capital Management LLC now owns 1,864 shares of the company's stock valued at $30,000 after acquiring an additional 1,664 shares in the last quarter. Tower Research Capital LLC TRC increased its holdings in BrightView by 181.4% during the 4th quarter. Tower Research Capital LLC TRC now owns 2,288 shares of the company's stock valued at $37,000 after acquiring an additional 1,475 shares in the last quarter. IFP Advisors Inc increased its holdings in BrightView by 54.2% during the 2nd quarter. IFP Advisors Inc now owns 2,385 shares of the company's stock valued at $40,000 after acquiring an additional 838 shares in the last quarter. CWM LLC increased its holdings in BrightView by 58.7% during the 1st 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. Finally, NewEdge Advisors LLC purchased a new position in BrightView during the 4th quarter valued at about $56,000. 92.41% of the stock is currently owned by hedge funds and other institutional investors.

BrightView Stock Performance

Shares of BV stock traded down $0.03 during mid-day trading on Thursday, hitting $14.61. The stock had a trading volume of 795,436 shares, compared to its average volume of 914,700. BrightView has a fifty-two week low of $11.81 and a fifty-two week high of $18.89. The firm has a market cap of $1.39 billion, a PE ratio of 486.83 and a beta of 1.26. 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 company's 50-day simple moving average is $15.56 and its 200-day simple moving average is $14.68.

BrightView (NYSE:BV - Get Free Report) last announced its quarterly earnings data on Wednesday, August 6th. The company reported $0.30 EPS 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 analyst estimates of $763.43 million. During the same quarter last year, the business earned $0.32 EPS. The firm's revenue for the quarter was down 4.1% on a year-over-year basis. Sell-side analysts anticipate that BrightView will post 0.73 earnings per share 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.