BrightView Holdings, Inc. (NYSE:BV) Given Consensus Recommendation of “Moderate Buy” by Analysts

BrightView Holdings, Inc. (NYSE:BV) has been given an average recommendation of “Moderate Buy” by the eight analysts that are covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a sell recommendation, one has issued a hold recommendation, three have assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $15.47.

Several analysts recently issued reports on the company. Robert W. Baird raised BrightView from a “neutral” rating to an “outperform” rating and raised their price target for the stock from $13.00 to $17.00 in a report on Tuesday, July 30th. Loop Capital upgraded BrightView to a “strong-buy” rating in a research report on Tuesday, July 30th. JPMorgan Chase & Co. raised their target price on BrightView from $11.00 to $14.00 and gave the company an “underweight” rating in a research report on Friday, August 2nd. Jefferies Financial Group upgraded BrightView from a “hold” rating to a “buy” rating and lifted their price target for the company from $13.00 to $17.00 in a research report on Wednesday, August 21st. Finally, Morgan Stanley started coverage on BrightView in a research report on Thursday, August 22nd. They set an “equal weight” rating and a $16.00 price target on the stock.

BrightView Trading Up 0.7 %

NYSE:BV opened at $15.40 on Thursday. The company has a market cap of $1.46 billion, a PE ratio of 77.00 and a beta of 1.29. BrightView has a 52 week low of $6.58 and a 52 week high of $16.26. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.64. The business’s 50 day moving average is $14.83 and its two-hundred day moving average is $13.30.

BrightView (NYSE:BV) last announced its quarterly earnings results on Wednesday, July 31st. The company reported $0.32 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.32. The business had revenue of $738.80 million for the quarter, compared to the consensus estimate of $736.94 million. BrightView had a return on equity of 6.27% and a net margin of 2.06%. The business’s revenue was down 3.6% on a year-over-year basis. During the same quarter last year, the business posted $0.40 EPS. On average, analysts predict that BrightView will post 0.66 EPS for the current year.

Hedge Funds Weigh In On BrightView

Hedge funds have recently modified their holdings of the stock. Quadrature Capital Ltd acquired a new position in shares of BrightView in the 4th quarter worth $573,000. &PARTNERS acquired a new position in shares of BrightView in the 2nd quarter worth $1,497,000. Thompson Siegel & Walmsley LLC acquired a new position in BrightView during the second quarter valued at $560,000. Kennedy Capital Management LLC acquired a new position in BrightView during the first quarter valued at $6,673,000. Finally, Jump Financial LLC raised its position in BrightView by 95.0% during the fourth quarter. Jump Financial LLC now owns 62,345 shares of the company’s stock valued at $525,000 after buying an additional 30,368 shares during the period. 92.41% of the stock is currently owned by institutional investors and hedge funds.

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.