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

BrightView Holdings, Inc. (NYSE:BV - Get Free Report) has been assigned a consensus recommendation of "Moderate Buy" from the ten analysts that are currently covering the company, MarketBeat.com 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 issued a strong buy recommendation on the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $17.11.

Several brokerages have commented on BV. BTIG Research began coverage on BrightView in a report on Monday. They set a "buy" rating and a $22.00 target price on the stock. Robert W. Baird upped their target price on BrightView from $18.00 to $20.00 and gave the company an "outperform" rating in a report on Thursday, November 14th. The Goldman Sachs Group raised their price target on shares of BrightView from $11.30 to $12.90 and gave the stock a "sell" rating in a report on Friday, November 15th. Loop Capital boosted their price target on shares of BrightView from $18.00 to $20.00 and gave the stock a "buy" rating in a research report on Friday, November 15th. Finally, William Blair upgraded shares of BrightView from a "market perform" rating to an "outperform" rating in a research report on Friday, November 15th.

BrightView Price Performance

BV traded up $0.02 on Tuesday, reaching $17.35. The stock had a trading volume of 537,039 shares, compared to its average volume of 535,675. The firm has a 50-day moving average of $16.55 and a 200-day moving average of $15.03. BrightView has a fifty-two week low of $7.74 and a fifty-two week high of $18.89. The company has a market capitalization of $1.65 billion, a price-to-earnings ratio of 157.74 and a beta of 1.30. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.63.

BrightView (NYSE:BV - Get Free Report) last released its quarterly earnings data on Wednesday, November 13th. The company reported $0.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.28 by $0.02. BrightView had a return on equity of 7.65% and a net margin of 2.40%. The company had revenue of $728.70 million during the quarter, compared to the consensus estimate of $723.01 million. During the same quarter in the prior year, the firm posted $0.14 earnings per share. The firm's revenue was down 2.0% compared to the same quarter last year. As a group, sell-side analysts anticipate that BrightView will post 0.75 EPS for the current year.

Insider Buying and Selling at BrightView

In related news, EVP Jonathan Mark Gottsegen sold 29,658 shares of the stock in a transaction 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 of the company's stock, valued at approximately $1,611,685.24. This represents a 22.81 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 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 the business. Millburn Ridgefield Corp purchased a new position in BrightView in the third quarter valued at approximately $45,000. FMR LLC boosted its position in BrightView by 293.4% during the third quarter. FMR LLC now owns 6,884 shares of the company's stock worth $108,000 after purchasing an additional 5,134 shares during the period. Innealta Capital LLC purchased a new position in shares of BrightView in the second quarter worth about $102,000. Quest Partners LLC purchased a new position in shares of BrightView in the third quarter worth about $153,000. Finally, Kathmere Capital Management LLC bought a new stake in shares of BrightView in the second quarter valued at approximately $133,000. Institutional investors own 92.41% of the company's stock.

BrightView Company Profile

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.