BrightView Holdings, Inc. (NYSE:BV) Receives $17.11 Consensus Price Target from Analysts

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

Several analysts recently weighed in on BV shares. BTIG Research initiated coverage on BrightView in a report on Monday, December 2nd. They set a “buy” rating and a $22.00 price target on the stock. The Goldman Sachs Group increased their target price on shares of BrightView from $11.30 to $12.90 and gave the company a “sell” rating in a research note on Friday, November 15th. Robert W. Baird lifted their price target on shares of BrightView from $18.00 to $20.00 and gave the stock an “outperform” rating in a research note on Thursday, November 14th. Morgan Stanley increased their price objective on shares of BrightView from $15.00 to $16.00 and gave the stock an “equal weight” rating in a research report on Thursday, December 12th. Finally, Loop Capital boosted 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.

BrightView Price Performance

Shares of BrightView stock opened at $15.59 on Wednesday. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.63. BrightView has a 52 week low of $8.12 and a 52 week high of $18.89. The stock’s 50-day simple moving average is $16.30 and its 200-day simple moving average is $15.70. The company has a market capitalization of $1.49 billion, a price-to-earnings ratio of 141.72 and a beta of 1.30.

BrightView (NYSE:BV) last issued its earnings results on Wednesday, November 13th. The company reported $0.30 earnings per share for the quarter, topping analysts’ consensus estimates of $0.28 by $0.02. The firm had revenue of $728.70 million during 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%. BrightView’s revenue for the quarter was down 2.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.14 earnings per share. As a group, analysts expect that BrightView will post 0.75 earnings per share for the current fiscal year.

Insider Activity at BrightView

In other BrightView news, EVP Jonathan Mark Gottsegen sold 29,658 shares of the business’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $16.06, for a total transaction of $476,307.48. Following the sale, the executive vice president now owns 100,354 shares in the company, valued at approximately $1,611,685.24. The trade was a 22.81 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.20% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Dimensional Fund Advisors LP boosted its position in BrightView by 28.5% during the second quarter. Dimensional Fund Advisors LP now owns 3,140,676 shares of the company’s stock worth $41,772,000 after purchasing an additional 695,987 shares in the last quarter. Harvey Partners LLC lifted its position in shares of BrightView by 9.1% during the 3rd quarter. Harvey Partners LLC now owns 1,870,000 shares of the company’s stock valued at $29,434,000 after buying an additional 156,500 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of BrightView by 18.2% during the 3rd quarter. Geode Capital Management LLC now owns 1,337,545 shares of the company’s stock valued at $21,057,000 after buying an additional 206,359 shares in the last quarter. State Street Corp grew its stake in BrightView by 17.1% in the 3rd quarter. State Street Corp now owns 1,211,909 shares of the company’s stock valued at $19,075,000 after acquiring an additional 177,105 shares during the period. Finally, Driehaus Capital Management LLC purchased a new stake in BrightView in the 2nd quarter worth $13,086,000. 92.41% of the stock is currently 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.