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

Shares of BrightView Holdings, Inc. (NYSE:BV) have earned an average recommendation of “Moderate Buy” from the ten analysts that are currently covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $17.11.

A number of equities research analysts have commented on the company. Robert W. Baird increased their price target on BrightView from $18.00 to $20.00 and gave the company an “outperform” rating in a research note on Thursday, November 14th. The Goldman Sachs Group upped their price target 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. William Blair raised shares of BrightView from a “market perform” rating to an “outperform” rating in a report on Friday, November 15th. Morgan Stanley raised their target price on BrightView from $15.00 to $16.00 and gave the stock an “equal weight” rating in a research note on Thursday, December 12th. Finally, BTIG Research assumed coverage on BrightView in a report on Monday, December 2nd. They issued a “buy” rating and a $22.00 price objective on the stock.

Insider Transactions at BrightView

In related news, EVP Jonathan Mark Gottsegen sold 29,658 shares of BrightView stock in a transaction dated 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 transaction, the executive vice president now owns 100,354 shares in the company, valued at $1,611,685.24. The trade was a 22.81 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 2.40% of the company’s stock.

Institutional Trading of BrightView

Several large investors have recently bought and sold shares of the business. Millburn Ridgefield Corp acquired a new stake in BrightView during the third quarter worth about $45,000. FMR LLC increased its position in shares of BrightView by 293.4% during the 3rd 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 last quarter. Quest Partners LLC purchased a new stake in BrightView in the 3rd quarter valued at about $153,000. Kathmere Capital Management LLC purchased a new position in BrightView during the second quarter worth about $133,000. Finally, XTX Topco Ltd acquired a new stake in shares of BrightView during the third quarter valued at about $184,000. Hedge funds and other institutional investors own 92.41% of the company’s stock.

BrightView Trading Up 1.1 %

Shares of NYSE:BV opened at $16.02 on Friday. The company has a market capitalization of $1.52 billion, a PE ratio of 145.65 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 has a 12-month low of $7.75 and a 12-month high of $18.89. The business’s fifty day simple moving average is $16.77 and its 200-day simple moving average is $15.45.

BrightView (NYSE:BV) last released its quarterly earnings results on Wednesday, November 13th. The company reported $0.30 earnings per share for the quarter, beating analysts’ consensus estimates of $0.28 by $0.02. The business had revenue of $728.70 million for the quarter, compared to analysts’ expectations of $723.01 million. BrightView had a net margin of 2.40% and a return on equity of 7.65%. The company’s revenue was down 2.0% compared to the same quarter last year. During the same period last year, the business earned $0.14 EPS. As a group, equities research analysts predict that BrightView will post 0.75 earnings per share for the current fiscal year.

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.