BrightView (NYSE:BV) Price Target Raised to $12.90

BrightView (NYSE:BV) had its price objective raised by The Goldman Sachs Group from $11.30 to $12.90 in a research report sent to investors on Friday morning,Benzinga reports. They currently have a sell rating on the stock.

Several other equities analysts have also recently weighed in on BV. Loop Capital upgraded shares of 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 stock an “underweight” rating in a research report on Friday, August 2nd. William Blair raised BrightView from a “market perform” rating to an “outperform” rating in a research report on Friday. Morgan Stanley initiated coverage on BrightView in a research report on Thursday, August 22nd. They set an “equal weight” rating and a $16.00 price objective for the company. Finally, Robert W. Baird lifted their target price on BrightView from $18.00 to $20.00 and gave the company an “outperform” rating in a research note on Thursday. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, BrightView presently has a consensus rating of “Moderate Buy” and an average target price of $16.41.

BrightView Trading Down 0.9 %

Shares of NYSE BV opened at $15.66 on Friday. The company has a quick ratio of 1.45, a current ratio of 1.44 and a debt-to-equity ratio of 0.63. BrightView has a 12 month low of $6.94 and a 12 month high of $18.89. The company has a market cap of $1.49 billion, a price-to-earnings ratio of 142.38 and a beta of 1.28. The business has a fifty day simple moving average of $16.23 and a 200-day simple moving average of $14.72.

BrightView (NYSE:BV) last posted its quarterly earnings data on Wednesday, November 13th. The company reported $0.30 EPS for the quarter, beating analysts’ consensus estimates of $0.28 by $0.02. The company had revenue of $728.70 million during the quarter, compared to analyst estimates of $723.01 million. BrightView had a net margin of 2.40% and a return on equity of 7.65%. The business’s quarterly revenue was down 2.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.14 earnings per share. Sell-side analysts predict that BrightView will post 0.76 EPS for the current year.

Institutional Investors Weigh In On BrightView

Several institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in shares of BrightView by 4.8% during the 1st quarter. Vanguard Group Inc. now owns 4,031,524 shares of the company’s stock worth $47,975,000 after purchasing an additional 185,327 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of BrightView by 28.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,140,676 shares of the company’s stock worth $41,772,000 after purchasing an additional 695,987 shares during the last quarter. Harvey Partners LLC boosted its position in shares of BrightView by 9.1% in the third quarter. Harvey Partners LLC now owns 1,870,000 shares of the company’s stock valued at $29,434,000 after acquiring an additional 156,500 shares during the period. Geode Capital Management LLC boosted its holdings in BrightView by 18.2% in the 3rd quarter. Geode Capital Management LLC now owns 1,337,545 shares of the company’s stock valued at $21,057,000 after purchasing an additional 206,359 shares during the period. Finally, State Street Corp grew its position in BrightView by 17.1% during the third quarter. State Street Corp now owns 1,211,909 shares of the company’s stock worth $19,075,000 after buying an additional 177,105 shares in the last quarter. 92.41% of the stock is currently owned by institutional investors and hedge funds.

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.