BrightView Holdings (BV – Research Report), the Industrials sector company, was revisited by a Wall Street analyst yesterday. Analyst Carl Reichardt from BTIG maintained a Buy rating on the stock and has a $22.00 price target.
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Carl Reichardt has given his Buy rating due to a combination of factors that suggest promising future growth for BrightView Holdings. The company achieved a modest beat on adjusted EBITDA, surpassing both the analyst’s and consensus estimates, which indicates efficient cost management and better SG&A leverage. Despite a slight miss in total revenue due to softer snow and landscape maintenance activity, BrightView’s improvement in customer retention and employee turnover metrics signifies operational strength.
Additionally, the company’s strategic focus on cross-selling opportunities and its robust backlog provide a solid foundation for long-term revenue growth. BrightView’s maintained guidance, alongside a confident management outlook, suggests potential upside in the second half of fiscal year 2025. The anticipated growth phase, combined with the company’s resilience in facing potential immigration policy challenges, supports a positive outlook, justifying the Buy rating with a price target of $22.
Based on the recent corporate insider activity of 52 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of BV in relation to earlier this year.