BrightView Holdings, Inc. (BV) - What Are Investment Firms Saying About This Stock?

Key Points

• Analyst sentiment is mixed: Nine firms give BrightView an average “Hold” rating, with two sells, three holds, three buys and one strong buy. The average 12-month price target is $13.93, above the reported share price of $10.48.
• Recent earnings fell short of expectations: BrightView reported quarterly EPS of $0.17 versus the $0.29 consensus estimate, while revenue was $717.6 million compared with forecasts of $726.13 million. Analysts expect full-year EPS of $0.40.
• Institutional ownership is substantial: Hedge funds and other institutions own 92.41% of the stock, with BlackRock and several other investors establishing or expanding positions. A company director also bought 50,000 shares at an average price of $11.25.

BrightView Holdings, Inc. (NYSE:BV - Get Free Report) has been given an average rating of "Hold" by the nine ratings firms that are covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a sell recommendation, three have given a hold recommendation, three have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $13.93.

A number of research firms recently commented on BV. Weiss Ratings reiterated a "sell (d+)" rating on shares of BrightView in a report on Friday, July 31st. Wall Street Zen lowered BrightView from a "hold" rating to a "sell" rating in a research report on Saturday, October 10th. Morgan Stanley cut their target price on BrightView from $12.50 to $11.50 and set an "equal weight" rating for the company in a research note on Tuesday, October 13th. Robert W. Baird set a $14.00 target price on BrightView in a research note on Wednesday, August 5th. Finally, Zacks Research upgraded BrightView from a "strong sell" rating to a "hold" rating in a research report on Monday, October 5th.

Insider Buying and Selling at BrightView

In other BrightView news, Director William Cornog purchased 50,000 shares of the stock in a transaction dated Thursday, August 6th. The stock was acquired at an average cost of $11.25 per share, for a total transaction of $562,500.00. Following the acquisition, the director owned 70,000 shares in the company, valued at $787,500. This trade represents a 250.00% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 2.80% of the company's stock.

Institutional Trading of BrightView

Several institutional investors and hedge funds have recently bought and sold shares of the stock. BlackRock Inc. purchased a new stake in shares of BrightView in the 2nd quarter valued at approximately $80,091,000. Punch & Associates Investment Management Inc. acquired a new position in shares of BrightView in the 2nd quarter worth approximately $16,778,000. Pillsbury Lake Capital LLC purchased a new position in shares of BrightView during the 2nd quarter worth approximately $7,126,901. Algert Global LLC boosted its position in shares of BrightView by 1,141.5% during the 2nd quarter. Algert Global LLC now owns 476,749 shares of the company's stock worth $6,756,000 after purchasing an additional 438,349 shares during the period. Finally, Empowered Funds LLC purchased a new position in shares of BrightView during the 2nd quarter worth approximately $6,189,000. 92.41% of the stock is currently owned by hedge funds and other institutional investors.

BrightView Stock Performance

NYSE:BV opened at $10.48 on Tuesday. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.28 and a quick ratio of 1.28. The firm has a market capitalization of $977.20 million, a price-to-earnings ratio of -41.94, a PEG ratio of 1.36 and a beta of 1.20. The company's 50-day moving average is $10.88 and its two-hundred day moving average is $12.20. BrightView has a 1-year low of $9.81 and a 1-year high of $15.00.

BrightView (NYSE:BV - Get Free Report) last posted its quarterly earnings results on Tuesday, August 4th. The company reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.29 by ($0.12). The firm had revenue of $717.60 million during the quarter, compared to analysts' expectations of $726.13 million. BrightView had a net margin of 0.74% and a return on equity of 5.03%. The business's quarterly revenue was up 1.3% on a year-over-year basis. During the same period last year, the company earned $0.30 EPS. Analysts forecast that BrightView will post 0.40 EPS for the current year.

About BrightView

BrightView Holdings, Inc is a provider of commercial landscaping services in the United States. Through its operating businesses, the company designs, develops, maintains and enhances outdoor environments for commercial properties, residential communities, sports facilities, municipalities, educational institutions and other organizations.

Its services include landscape maintenance, landscape design and development, tree care, irrigation, water management, snow and ice removal, and sports turf management.

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