William Blair analyst Tim Mulrooney has reiterated their bullish stance on BV stock, giving a Buy rating on August 5.
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Tim Mulrooney has given his Buy rating due to a combination of factors that suggest stability and potential growth for BrightView Holdings. Despite mixed third-quarter results compared to consensus expectations, the company’s performance aligns with management’s updated outlook, maintaining a steady full-year forecast.
Mulrooney notes that while there is a temporary softness in customer discretionary spending and some project delays, the company’s core business remains robust. This is highlighted by a significant improvement in customer retention within the land maintenance segment over the past year, indicating strong contractual business fundamentals. The upcoming call is expected to provide further insights into spending levels, project timelines, and cost management strategies, which are crucial for future performance.
Based on the recent corporate insider activity of 45 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.