BrightView (NYSE:BV) Price Target Raised to $13.00

BrightView (NYSE:BV) had its price objective increased by Morgan Stanley from $12.00 to $13.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage currently has an “equal weight” rating on the stock. Morgan Stanley’s price objective would indicate a potential upside of 1.88% from the stock’s current price.

BV has been the subject of a number of other research reports. BTIG Research started coverage on BrightView in a report on Monday, December 1st. They set a “buy” rating and a $15.00 price objective for the company. Weiss Ratings reissued a “hold (c-)” rating on shares of BrightView in a research report on Wednesday, October 8th. CJS Securities upgraded BrightView to a “strong-buy” rating in a research note on Thursday, December 11th. Zacks Research upgraded BrightView from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 4th. Finally, Robert W. Baird decreased their price target on BrightView from $19.00 to $15.00 and set an “outperform” rating on the stock in a research report on Thursday, November 20th. Two investment analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $14.70.

BrightView Trading Down 0.5%

Shares of NYSE BV opened at $12.76 on Wednesday. The company’s fifty day moving average is $12.59 and its 200-day moving average is $14.18. The stock has a market cap of $1.21 billion, a price-to-earnings ratio of 319.00 and a beta of 1.30. The company has a quick ratio of 1.30, a current ratio of 1.29 and a debt-to-equity ratio of 0.61. BrightView has a twelve month low of $11.06 and a twelve month high of $17.10.

BrightView (NYSE:BV) last posted its quarterly earnings data on Wednesday, November 19th. The company reported $0.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.05). The firm had revenue of $702.80 million for the quarter, compared to the consensus estimate of $718.03 million. BrightView had a return on equity of 8.43% and a net margin of 2.10%.The firm’s quarterly revenue was down 3.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.30 earnings per share. Equities research analysts predict that BrightView will post 0.73 EPS for the current year.

Insider Activity at BrightView

In related news, EVP Jonathan Mark Gottsegen sold 35,000 shares of the business’s stock in a transaction on Monday, December 1st. The stock was sold at an average price of $12.62, for a total transaction of $441,700.00. Following the sale, the executive vice president owned 142,958 shares in the company, valued at $1,804,129.96. The trade was a 19.67% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director William L. Cornog acquired 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 2nd. The stock was acquired at an average price of $12.84 per share, with a total value of $128,400.00. Following the acquisition, the director owned 30,000 shares in the company, valued at $385,200. The trade was a 50.00% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders own 2.20% of the company’s stock.

Hedge Funds Weigh In On BrightView

Several institutional investors have recently made changes to their positions in the stock. Nuveen LLC acquired a new stake in shares of BrightView in the 1st quarter valued at about $4,500,000. HighTower Advisors LLC increased its stake in BrightView by 11.1% during the 1st quarter. HighTower Advisors LLC now owns 188,127 shares of the company’s stock valued at $2,416,000 after purchasing an additional 18,857 shares in the last quarter. Russell Investments Group Ltd. increased its position in shares of BrightView by 8.2% during the 1st quarter. Russell Investments Group Ltd. now owns 426,487 shares of the company’s stock valued at $5,476,000 after purchasing an additional 32,427 shares during the last quarter. Fox Run Management L.L.C. bought a new stake in BrightView in the first quarter worth about $177,000. Finally, American Century Companies Inc. increased its stake in shares of BrightView by 11.5% during the 1st quarter. American Century Companies Inc. now owns 129,567 shares of the company’s stock worth $1,664,000 after purchasing an additional 13,336 shares during the last quarter. Institutional investors and hedge funds own 92.41% of the company’s stock.

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.