Brokerages Set BrightView Holdings, Inc. (NYSE:BV) Target Price at $17.11

BrightView Holdings, Inc. (NYSE:BV) has been assigned an average recommendation of “Moderate Buy” from the ten analysts that are presently covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a sell recommendation, one has given a hold recommendation, six have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $17.11.

BV has been the topic of several analyst reports. Robert W. Baird raised their price target on shares of BrightView from $18.00 to $20.00 and gave the company an “outperform” rating in a research note on Thursday, November 14th. BTIG Research initiated coverage on shares of BrightView in a research report on Monday, December 2nd. They set a “buy” rating and a $22.00 price objective on the stock. William Blair raised BrightView from a “market perform” rating to an “outperform” rating in a research report on Friday, November 15th. Loop Capital lifted their target price on BrightView from $18.00 to $20.00 and gave the company a “buy” rating in a research report on Friday, November 15th. Finally, Morgan Stanley increased their price objective on BrightView from $15.00 to $16.00 and gave the company an “equal weight” rating in a report on Thursday, December 12th.

BrightView Price Performance

NYSE BV opened at $16.05 on Friday. BrightView has a one year low of $7.75 and a one year high of $18.89. The stock has a 50-day moving average of $16.79 and a 200 day moving average of $15.40. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.44 and a current ratio of 1.44. The company has a market capitalization of $1.52 billion, a price-to-earnings ratio of 145.92 and a beta of 1.30.

BrightView (NYSE:BV) last announced its quarterly earnings results on Wednesday, November 13th. The company reported $0.30 EPS for the quarter, beating the consensus estimate of $0.28 by $0.02. The company had revenue of $728.70 million for the quarter, compared to analyst estimates of $723.01 million. BrightView had a net margin of 2.40% and a return on equity of 7.65%. The firm’s revenue was down 2.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.14 earnings per share. On average, sell-side analysts forecast that BrightView will post 0.75 EPS for the current year.

Insider Transactions at BrightView

In other news, EVP Jonathan Mark Gottsegen sold 29,658 shares of the business’s stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $16.06, for a total value of $476,307.48. Following the completion of the sale, the executive vice president now directly owns 100,354 shares in the company, valued at $1,611,685.24. The trade was a 22.81 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 2.40% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of BV. State Street Corp raised its position in BrightView by 17.1% in the third quarter. State Street Corp now owns 1,211,909 shares of the company’s stock valued at $19,075,000 after purchasing an additional 177,105 shares during the period. Thompson Siegel & Walmsley LLC purchased a new stake in BrightView in the 2nd quarter valued at about $560,000. Driehaus Capital Management LLC acquired a new position in BrightView in the second quarter valued at about $13,086,000. Barclays PLC boosted its stake in BrightView by 133.6% during the third quarter. Barclays PLC now owns 111,969 shares of the company’s stock worth $1,762,000 after buying an additional 64,035 shares during the period. Finally, Telemark Asset Management LLC increased its position in shares of BrightView by 14.3% during the third quarter. Telemark Asset Management LLC now owns 800,000 shares of the company’s stock valued at $12,592,000 after acquiring an additional 100,000 shares during the last quarter. 92.41% of the stock is owned by hedge funds and other institutional investors.

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.