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

Shares of BrightView Holdings, Inc. (NYSE:BV) have been assigned a consensus recommendation of “Moderate Buy” from the ten ratings firms that are currently covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a sell rating, one has given a hold rating, six have given a buy rating and one has given a strong buy rating to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $17.11.

Several research firms have issued reports on BV. The Goldman Sachs Group increased their target price on shares of BrightView from $11.30 to $12.90 and gave the stock a “sell” rating in a research note on Friday, November 15th. Loop Capital increased their price objective on BrightView from $18.00 to $20.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. William Blair upgraded BrightView from a “market perform” rating to an “outperform” rating in a research report on Friday, November 15th. BTIG Research assumed coverage on BrightView in a report on Monday, December 2nd. They issued a “buy” rating and a $22.00 price target on the stock. Finally, Morgan Stanley lifted their price target on BrightView from $15.00 to $16.00 and gave the company an “equal weight” rating in a research report on Thursday, December 12th.

Institutional Trading of BrightView

A number of hedge funds have recently bought and sold shares of BV. Rhumbline Advisers raised its stake in shares of BrightView by 1.0% during the fourth quarter. Rhumbline Advisers now owns 82,520 shares of the company’s stock worth $1,319,000 after acquiring an additional 831 shares in the last quarter. BNP Paribas Financial Markets grew its holdings in shares of BrightView by 4.6% during the 3rd quarter. BNP Paribas Financial Markets now owns 24,184 shares of the company’s stock valued at $381,000 after purchasing an additional 1,056 shares during the last quarter. Envestnet Asset Management Inc. raised its position in BrightView by 5.5% in the 4th quarter. Envestnet Asset Management Inc. now owns 23,937 shares of the company’s stock worth $383,000 after purchasing an additional 1,240 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in BrightView by 4.0% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 33,094 shares of the company’s stock worth $529,000 after purchasing an additional 1,278 shares during the last quarter. Finally, New York State Teachers Retirement System lifted its stake in BrightView by 32.1% in the fourth quarter. New York State Teachers Retirement System now owns 5,326 shares of the company’s stock worth $85,000 after purchasing an additional 1,293 shares during the last quarter. Institutional investors own 92.41% of the company’s stock.

BrightView Stock Down 4.4 %

Shares of NYSE BV opened at $13.71 on Friday. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 0.63. The company has a market cap of $1.31 billion, a P/E ratio of 76.14 and a beta of 1.29. BrightView has a 52 week low of $8.26 and a 52 week high of $18.89. The business has a 50-day simple moving average of $15.59 and a two-hundred day simple moving average of $15.90.

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.