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

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

BV has been the subject of a number of recent research reports. Robert W. Baird lifted their price target on shares of BrightView from $18.00 to $20.00 and gave the company an "outperform" rating in a research report on Thursday, November 14th. Morgan Stanley lifted their target price on shares of BrightView from $15.00 to $16.00 and gave the company an "equal weight" rating in a report on Thursday, December 12th. The Goldman Sachs Group upped their price target on BrightView from $11.30 to $12.90 and gave the stock a "sell" rating in a research note on Friday, November 15th. William Blair upgraded BrightView from a "market perform" rating to an "outperform" rating in a research note on Friday, November 15th. Finally, Loop Capital increased their target price on BrightView from $18.00 to $20.00 and gave the stock a "buy" rating in a research note on Friday, November 15th.

BrightView Trading Down 2.2 %

BV traded down $0.36 during midday trading on Friday, reaching $16.04. 357,386 shares of the company's stock traded hands, compared to its average volume of 608,546. BrightView has a 52 week low of $7.75 and a 52 week high of $18.89. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.44 and a quick ratio of 1.44. The firm has a fifty day moving average of $16.79 and a two-hundred day moving average of $15.39. The stock has a market capitalization of $1.52 billion, a price-to-earnings ratio of 145.83 and a beta of 1.30.

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

Insider Activity

In related news, EVP Jonathan Mark Gottsegen sold 29,658 shares of the company's stock in a transaction on Friday, November 15th. The shares were sold at an average price of $16.06, for a total value of $476,307.48. Following the completion of the transaction, the executive vice president now 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 sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 2.40% of the company's stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. State Street Corp boosted its holdings in shares of BrightView by 17.1% during the 3rd 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 last quarter. Thompson Siegel & Walmsley LLC purchased a new stake in shares of BrightView in the second quarter worth about $560,000. Driehaus Capital Management LLC bought a new position in BrightView during the second quarter valued at approximately $13,086,000. Telemark Asset Management LLC grew its holdings in BrightView by 14.3% during the 3rd quarter. Telemark Asset Management LLC now owns 800,000 shares of the company's stock valued at $12,592,000 after buying an additional 100,000 shares in the last quarter. Finally, Harvey Partners LLC increased its stake in BrightView by 9.1% in the 3rd quarter. Harvey Partners LLC now owns 1,870,000 shares of the company's stock worth $29,434,000 after acquiring an additional 156,500 shares during the last quarter. 92.41% of the stock is currently owned by 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.