BrightView Holdings, Inc. (NYSE:BV) Given Consensus Rating of "Moderate Buy" by Analysts

BrightView Holdings, Inc. (NYSE:BV - Get Free Report) has earned a consensus recommendation of "Moderate Buy" from the eight brokerages that are covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating, three have assigned a buy rating and two have assigned a strong buy rating to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $15.47.

A number of brokerages recently issued reports on BV. Morgan Stanley began coverage on BrightView in a report on Thursday. They issued an "equal weight" rating and a $16.00 price objective for the company. The Goldman Sachs Group increased their price objective on BrightView from $10.00 to $11.30 and gave the stock a "sell" rating in a report on Friday, August 2nd. Loop Capital raised BrightView to a "strong-buy" rating in a report on Tuesday, July 30th. JPMorgan Chase & Co. increased their price target on BrightView from $11.00 to $14.00 and gave the company an "underweight" rating in a research note on Friday, August 2nd. Finally, Robert W. Baird raised BrightView from a "neutral" rating to an "outperform" rating and increased their price target for the company from $13.00 to $17.00 in a research note on Tuesday, July 30th.

Institutional Investors Weigh In On BrightView

Several large investors have recently modified their holdings of the stock. The Manufacturers Life Insurance Company raised its holdings in shares of BrightView by 8.7% during the second quarter. The Manufacturers Life Insurance Company now owns 17,896 shares of the company's stock valued at $238,000 after acquiring an additional 1,431 shares during the period. Price T Rowe Associates Inc. MD raised its stake in BrightView by 8.3% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 26,941 shares of the company's stock valued at $321,000 after purchasing an additional 2,056 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of BrightView by 59.6% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,302 shares of the company's stock valued at $61,000 after purchasing an additional 2,726 shares in the last quarter. Creative Planning boosted its position in shares of BrightView by 18.7% in the second quarter. Creative Planning now owns 22,455 shares of the company's stock worth $299,000 after buying an additional 3,532 shares during the period. Finally, Rhumbline Advisers grew its holdings in shares of BrightView by 5.4% during the second quarter. Rhumbline Advisers now owns 74,280 shares of the company's stock valued at $988,000 after buying an additional 3,835 shares in the last quarter. 92.41% of the stock is owned by institutional investors.

BrightView Stock Performance

Shares of BrightView stock traded up $0.41 on Friday, reaching $15.73. 621,907 shares of the company were exchanged, compared to its average volume of 664,157. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.67 and a current ratio of 1.45. The company's 50-day moving average is $13.83 and its two-hundred day moving average is $12.24. The firm has a market cap of $1.49 billion, a price-to-earnings ratio of 78.65 and a beta of 1.29. BrightView has a 1-year low of $6.58 and a 1-year high of $15.90.

BrightView (NYSE:BV - Get Free Report) last issued its quarterly earnings data on Wednesday, July 31st. The company reported $0.32 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.32. BrightView had a return on equity of 6.27% and a net margin of 2.06%. The business had revenue of $738.80 million during the quarter, compared to analyst estimates of $736.94 million. During the same period in the prior year, the company posted $0.40 EPS. The business's revenue for the quarter was down 3.6% compared to the same quarter last year. As a group, research analysts expect that BrightView will post 0.65 earnings per share for the current fiscal year.

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.