BrightView (NYSE:BV) Upgraded at William Blair

William Blair upgraded shares of BrightView (NYSE:BV) from a market perform rating to an outperform rating in a research report report published on Friday, Marketbeat reports.

Other research analysts also recently issued reports about the company. Robert W. Baird increased their target price on BrightView from $18.00 to $20.00 and gave the company an “outperform” rating in a research report on Thursday. Jefferies Financial Group upgraded shares of 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 research report on Wednesday, August 21st. Baird R W upgraded shares of BrightView from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 30th. JPMorgan Chase & Co. increased their price target on shares of BrightView from $11.00 to $14.00 and gave the company an “underweight” rating in a report on Friday, August 2nd. Finally, Loop Capital raised BrightView to a “strong-buy” rating in a research note on Tuesday, July 30th. 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 issued a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $16.41.

BrightView Stock Down 0.9 %

Shares of BV stock opened at $15.66 on Friday. The company’s fifty day simple moving average is $16.23 and its two-hundred day simple moving average is $14.72. BrightView has a 52 week low of $6.94 and a 52 week high of $18.89. The stock has a market cap of $1.49 billion, a P/E ratio of 142.38 and a beta of 1.28. 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 (NYSE:BV) last issued its earnings results on Wednesday, November 13th. The company reported $0.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.28 by $0.02. BrightView had a return on equity of 7.65% and a net margin of 2.40%. The firm had revenue of $728.70 million for the quarter, compared to analysts’ expectations of $723.01 million. During the same period in the previous year, the firm posted $0.14 earnings per share. The business’s revenue was down 2.0% compared to the same quarter last year. Analysts predict that BrightView will post 0.76 EPS for the current fiscal year.

Institutional Trading of BrightView

Large investors have recently made changes to their positions in the stock. Vanguard Group Inc. grew its stake in BrightView by 4.8% in the 1st quarter. Vanguard Group Inc. now owns 4,031,524 shares of the company’s stock worth $47,975,000 after acquiring an additional 185,327 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in BrightView by 28.5% in the second 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 in the last quarter. Harvey Partners LLC increased its holdings in BrightView by 9.1% during the 3rd quarter. Harvey Partners LLC now owns 1,870,000 shares of the company’s stock worth $29,434,000 after purchasing an additional 156,500 shares during the period. Geode Capital Management LLC raised its position in BrightView by 18.2% during 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 in the last quarter. Finally, State Street Corp lifted its holdings in shares of BrightView by 17.1% in the 3rd 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 during the period. 92.41% of the stock is owned by hedge funds and other institutional investors.

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.