BrightView Holdings, Inc. (NYSE:BV) Stock Has Consensus Price Target of $14.10

Key Points

• Analysts maintain a “Hold” consensus on BrightView, with three sell, two hold, three buy and one strong-buy rating. The average 12-month price target is $14.10, though Morgan Stanley recently cut its target to $12.50.
• BrightView shares opened at $9.92, near the company’s 52-week low of $9.81 and below its 50- and 200-day moving averages. The company has a market capitalization of approximately $925 million.
• BrightView’s latest quarterly results missed expectations, reporting adjusted EPS of $0.17 versus the $0.29 consensus and revenue of $717.6 million versus $726.1 million expected. Institutional investors own a substantial 92.41% of the outstanding shares.

Shares of BrightView Holdings, Inc. (NYSE:BV - Get Free Report) have received an average rating of "Hold" from the nine brokerages that are currently covering the firm, MarketBeat reports. Three analysts have rated the stock with a sell rating, two have assigned a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $14.10.

Several equities analysts have recently issued reports on BV shares. Zacks Research cut BrightView from a "hold" rating to a "strong sell" rating in a report on Tuesday, July 14th. Wall Street Zen raised BrightView from a "sell" rating to a "hold" rating in a report on Saturday, September 12th. Morgan Stanley reduced their price target on BrightView from $14.00 to $12.50 and set an "equal weight" rating for the company in a research report on Thursday, August 6th. Weiss Ratings reissued a "sell (d+)" rating on shares of BrightView in a report on Friday, July 31st. Finally, Robert W. Baird set a $14.00 price objective on BrightView in a research report on Wednesday, August 5th.

BrightView Stock Down 2.1%

NYSE:BV opened at $9.92 on Friday. 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 company's fifty day moving average price is $11.82 and its 200-day moving average price is $12.37. BrightView has a 1-year low of $9.81 and a 1-year high of $15.00. The firm has a market capitalization of $924.92 million, a P/E ratio of -39.70, a PEG ratio of 1.77 and a beta of 1.17.

BrightView (NYSE:BV - Get Free Report) last posted its earnings results on Tuesday, August 4th. The company reported $0.17 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.29 by ($0.12). The business had revenue of $717.60 million for the quarter, compared to analyst estimates of $726.13 million. BrightView had a net margin of 0.74% and a return on equity of 5.03%. The company's revenue for the quarter was up 1.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.30 earnings per share. As a group, equities research analysts anticipate that BrightView will post 0.4 EPS for the current year.

Insider Buying and Selling at BrightView

In other news, Director William Cornog bought 50,000 shares of the firm's stock in a transaction that occurred on Thursday, August 6th. The stock was purchased at an average cost of $11.25 per share, for a total transaction of $562,500.00. Following the purchase, the director directly owned 70,000 shares in the company, valued at approximately $787,500. This trade represents a 250.00% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.80% of the stock is currently owned by company insiders.

Institutional Trading of BrightView

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Empowered Funds LLC purchased a new position in shares of BrightView in the 2nd quarter valued at about $6,189,000. Rice Hall James & Associates LLC purchased a new position in BrightView during the second quarter worth approximately $3,126,000. BlackRock Inc. purchased a new position in BrightView during the second quarter worth approximately $80,091,000. Algert Global LLC grew its holdings in BrightView by 1,141.5% in the second quarter. Algert Global LLC now owns 476,749 shares of the company's stock valued at $6,756,000 after purchasing an additional 438,349 shares during the period. Finally, Bessemer Group Inc. grew its holdings in BrightView by 5.6% in the first quarter. Bessemer Group Inc. now owns 1,879,712 shares of the company's stock valued at $22,162,000 after purchasing an additional 99,103 shares during the period. Institutional investors and hedge funds own 92.41% of the company's stock.

About BrightView

BrightView Holdings, Inc provides commercial landscaping services in the United States. The company serves businesses, municipalities, educational institutions, healthcare facilities, homeowners' associations, sports and entertainment venues, and other organizations that require landscape management and related outdoor services.

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

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