BrightView (NYSE:BV) Now Covered by BTIG Research

BTIG Research initiated coverage on shares of BrightView (NYSE:BV) in a report issued on Monday morning, Marketbeat Ratings reports. The brokerage issued a buy rating and a $22.00 price objective on the stock.

Several other analysts have also commented on BV. William Blair raised BrightView from a “market perform” rating to an “outperform” rating in a report on Friday, November 15th. Loop Capital lifted their target price on shares of BrightView from $18.00 to $20.00 and gave the company a “buy” rating in a report on Friday, November 15th. Morgan Stanley initiated coverage on shares of BrightView in a report on Thursday, August 22nd. They set an “equal weight” rating and a $16.00 price target on the stock. The Goldman Sachs Group lifted their price objective on shares of BrightView from $11.30 to $12.90 and gave the company a “sell” rating in a report on Friday, November 15th. Finally, Jefferies Financial Group upgraded shares of BrightView from a “hold” rating to a “buy” rating and upped their price objective for the stock from $13.00 to $17.00 in a research report on Wednesday, August 21st. Two analysts have rated the stock with a sell rating, one has issued a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, BrightView currently has a consensus rating of “Moderate Buy” and a consensus price target of $17.11.

BrightView Price Performance

Shares of NYSE BV opened at $17.33 on Monday. BrightView has a fifty-two week low of $7.74 and a fifty-two week high of $18.89. The company has a market cap of $1.65 billion, a PE ratio of 159.55 and a beta of 1.28. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.44 and a current ratio of 1.44. The business has a 50-day simple moving average of $16.51 and a two-hundred day simple moving average of $15.00.

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 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 return on equity of 7.65% and a net margin of 2.40%. The firm’s quarterly revenue was down 2.0% on a year-over-year basis. During the same quarter last year, the business posted $0.14 EPS. As a group, equities analysts expect that BrightView will post 0.75 EPS for the current fiscal year.

Insider Buying and Selling at BrightView

In other BrightView news, EVP Jonathan Mark Gottsegen sold 29,658 shares of BrightView stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $16.06, for a total transaction of $476,307.48. Following the completion of the sale, the executive vice president now directly owns 100,354 shares of the company’s stock, valued at $1,611,685.24. The trade was a 22.81 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 2.40% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of BV. Vanguard Group Inc. lifted its stake in BrightView by 4.8% in the first quarter. Vanguard Group Inc. now owns 4,031,524 shares of the company’s stock valued at $47,975,000 after buying an additional 185,327 shares during the last quarter. Price T Rowe Associates Inc. MD raised its holdings in shares of BrightView by 8.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 26,941 shares of the company’s stock valued at $321,000 after buying an additional 2,056 shares during the last quarter. &PARTNERS acquired a new stake in shares of BrightView during the second quarter worth about $1,497,000. Bank of New York Mellon Corp grew its holdings in shares of BrightView by 16.0% during the second quarter. Bank of New York Mellon Corp now owns 218,111 shares of the company’s stock worth $2,901,000 after buying an additional 30,042 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC acquired a new position in BrightView in the 2nd quarter valued at about $9,857,000. 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.