BrightView Holdings, Inc. (NYSE:BV) Receives Average Recommendation of “Moderate Buy” from Analysts

BrightView Holdings, Inc. (NYSE:BV) has received an average rating of “Moderate Buy” from the eight brokerages that are presently covering the firm, Marketbeat reports. Two analysts have rated the stock with a sell rating, one has issued a hold rating, three have given a buy rating and two have issued a strong buy rating on the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $15.90.

A number of equities analysts have recently weighed in on BV shares. Robert W. Baird increased their target price on BrightView from $18.00 to $20.00 and gave the stock an “outperform” rating in a research note on Thursday. The Goldman Sachs Group lifted their target price on BrightView from $10.00 to $11.30 and gave the stock a “sell” rating in a report on Friday, August 2nd. JPMorgan Chase & Co. raised their price target on shares of BrightView from $11.00 to $14.00 and gave the stock an “underweight” rating in a research report on Friday, August 2nd. Loop Capital upgraded shares of BrightView to a “strong-buy” rating in a research report on Tuesday, July 30th. Finally, Morgan Stanley initiated coverage on shares of BrightView in a research report on Thursday, August 22nd. They issued an “equal weight” rating and a $16.00 price target for the company.

Institutional Trading of BrightView

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BV. Innealta Capital LLC acquired a new stake in shares of BrightView in the 2nd quarter worth about $102,000. FMR LLC lifted its holdings in shares of BrightView by 293.4% in the third quarter. FMR LLC now owns 6,884 shares of the company’s stock valued at $108,000 after purchasing an additional 5,134 shares in the last quarter. Kathmere Capital Management LLC purchased a new position in shares of BrightView during the second quarter valued at approximately $133,000. Quest Partners LLC bought a new stake in BrightView during the third quarter worth $153,000. Finally, Susquehanna Fundamental Investments LLC purchased a new stake in BrightView in the 1st quarter valued at $155,000. 92.41% of the stock is owned by institutional investors.

BrightView Stock Performance

Shares of BV stock opened at $15.81 on Friday. BrightView has a 52 week low of $6.94 and a 52 week high of $18.89. The company has a market capitalization of $1.50 billion, a price-to-earnings ratio of 131.76 and a beta of 1.28. The company has a 50-day simple moving average of $16.21 and a 200 day simple moving average of $14.64. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.45 and a current ratio of 1.45.

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.