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

Key Points

• Analyst sentiment is mixed: Nine brokerages give BrightView an average “Hold” rating, with three sells, two holds, three buys and one strong buy. The average 12-month price target is $14.10.
• Quarterly results fell short of expectations: BrightView reported adjusted earnings of $0.17 per share versus the $0.29 consensus estimate, while revenue reached $717.6 million, slightly below forecasts but up 1.3% year over year.
• Institutional ownership remains high: Hedge funds and other institutions own 92.41% of the company, while an insider recently purchased 50,000 shares at $11.25 each.

Shares of BrightView Holdings, Inc. (NYSE:BV - Get Free Report) have been given an average recommendation of "Hold" by the nine brokerages that are currently covering the stock, Marketbeat Ratings reports. Three analysts have rated the stock with a sell rating, two have given a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $14.10.

BV has been the topic of a number of research reports. Morgan Stanley lowered their target price on BrightView from $14.00 to $12.50 and set an "equal weight" rating on the stock in a research report on Thursday, August 6th. Robert W. Baird set a $14.00 price target on shares of BrightView in a research report on Wednesday, August 5th. BTIG Research restated a "buy" rating and set a $16.00 price target on shares of BrightView in a research note on Monday, May 11th. Zacks Research downgraded shares of BrightView from a "hold" rating to a "strong sell" rating in a report on Tuesday, July 14th. Finally, Weiss Ratings reaffirmed a "sell (d+)" rating on shares of BrightView in a research note on Friday, July 31st.

Insider Activity at BrightView

In other BrightView news, Director William L. Cornog bought 50,000 shares of the stock in a transaction that occurred on Thursday, August 6th. The shares were bought at an average price of $11.25 per share, for a total transaction of $562,500.00. Following the acquisition, the director directly owned 70,000 shares of the company's stock, valued at approximately $787,500. The trade was a 250.00% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.80% of the stock is currently owned by insiders.

Hedge Funds Weigh In On BrightView

A number of hedge funds have recently added to or reduced their stakes in the stock. California State Teachers Retirement System raised its stake in shares of BrightView by 1,952.8% in the second quarter. California State Teachers Retirement System now owns 1,166,687 shares of the company's stock worth $16,532,000 after purchasing an additional 1,109,853 shares during the last quarter. Empowered Funds LLC purchased a new position in shares of BrightView during the second quarter valued at approximately $6,189,000. AWH Capital L.P. bought a new stake in BrightView during the second quarter worth $6,022,250. Public Employees Retirement System of Ohio bought a new stake in BrightView during the second quarter worth $41,000. Finally, Punch & Associates Investment Management Inc. purchased a new stake in BrightView in the 2nd quarter valued at $16,778,000. Institutional investors and hedge funds own 92.41% of the company's stock.

BrightView Stock Performance

Shares of BrightView stock opened at $11.28 on Monday. BrightView has a one year low of $10.42 and a one year high of $15.00. The firm has a market capitalization of $1.05 billion, a price-to-earnings ratio of -45.12, a PEG ratio of 1.86 and a beta of 1.18. The business has a 50-day simple moving average of $13.07 and a 200 day simple moving average of $12.73. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.28 and a quick ratio of 1.28.

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 analysts' consensus estimates of $0.29 by ($0.12). The firm had revenue of $717.60 million for the quarter, compared to analyst estimates of $726.13 million. BrightView had a return on equity of 5.03% and a net margin of 0.74%.The firm's quarterly revenue was up 1.3% compared to the same quarter last year. During the same period last year, the company posted $0.30 earnings per share. On average, research analysts anticipate that BrightView will post 0.4 earnings per share for the current fiscal year.

BrightView Company Profile

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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