BrightView (NYSE:BV) Stock Price Expected to Rise, Robert W. Baird Analyst Says

BrightView (NYSE:BV) had its price objective raised by Robert W. Baird from $18.00 to $20.00 in a report issued on Thursday,Benzinga reports. The firm currently has an outperform rating on the stock.

BV has been the topic of a number of other reports. 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 research note on Friday, August 2nd. Baird R W upgraded shares of BrightView from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 30th. Loop Capital raised shares of BrightView to a “strong-buy” rating in a report on Tuesday, July 30th. Jefferies Financial Group raised BrightView from a “hold” rating to a “buy” rating and increased their price objective for the company from $13.00 to $17.00 in a report on Wednesday, August 21st. Finally, 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. Two research analysts have rated the stock with a sell rating, one has given a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, BrightView currently has a consensus rating of “Moderate Buy” and an average price target of $16.41.

BrightView Price Performance

BV opened at $15.66 on Thursday. BrightView has a 1 year low of $6.94 and a 1 year high of $18.89. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.44 and a quick ratio of 1.45. The company has a market capitalization of $1.49 billion, a price-to-earnings ratio of 142.38 and a beta of 1.28. The firm’s fifty day moving average price is $16.23 and its two-hundred day moving average price is $14.72.

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

Hedge Funds Weigh In On BrightView

A number of large investors have recently made changes to their positions in the stock. Driehaus Capital Management LLC purchased a new stake in BrightView during the 2nd quarter worth about $13,086,000. Allspring Global Investments Holdings LLC bought a new position in shares of BrightView in the second quarter valued at approximately $9,857,000. Dimensional Fund Advisors LP boosted its position in shares of BrightView by 28.5% in the second quarter. Dimensional Fund Advisors LP now owns 3,140,676 shares of the company’s stock valued at $41,772,000 after acquiring an additional 695,987 shares during the period. Kennedy Capital Management LLC purchased a new position in BrightView during the first quarter valued at approximately $6,673,000. Finally, Harbor Capital Advisors Inc. increased its holdings in BrightView by 150.5% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 632,394 shares of the company’s stock worth $9,954,000 after acquiring an additional 379,916 shares during the period. 92.41% of the stock is owned by institutional investors.

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.