BrightView (NYSE:BV) Price Target Raised to $20.00

BrightView (NYSE:BV) had its price objective increased by Loop Capital from $18.00 to $20.00 in a research note published on Friday morning,Benzinga reports. Loop Capital currently has a buy rating on the stock.

Several other equities analysts have also commented on the company. Baird R W raised BrightView from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 30th. William Blair upgraded shares of BrightView from a “market perform” rating to an “outperform” rating in a research note on Friday. Morgan Stanley began coverage on shares of BrightView in a research note on Thursday, August 22nd. They issued an “equal weight” rating and a $16.00 price objective on the stock. Robert W. Baird increased their target price on shares of BrightView from $18.00 to $20.00 and gave the stock an “outperform” rating in a research note on Thursday. Finally, Jefferies Financial Group upgraded BrightView from a “hold” rating to a “buy” rating and boosted their price target for the company from $13.00 to $17.00 in a research report on Wednesday, August 21st. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, BrightView currently has an average rating of “Moderate Buy” and a consensus target price of $16.41.

BrightView Price Performance

Shares of NYSE BV opened at $15.66 on Friday. 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 cap of $1.49 billion, a price-to-earnings ratio of 142.38 and a beta of 1.28. The stock’s 50-day moving average is $16.23 and its two-hundred day moving average is $14.72. BrightView has a 1-year low of $6.94 and a 1-year high of $18.89.

BrightView (NYSE:BV) last issued its quarterly 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. BrightView had a net margin of 2.40% and a return on equity of 7.65%. The company had revenue of $728.70 million during the quarter, compared to the consensus estimate of $723.01 million. During the same quarter in the previous year, the firm earned $0.14 earnings per share. The firm’s quarterly revenue was down 2.0% on a year-over-year basis. Analysts forecast that BrightView will post 0.76 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. Millburn Ridgefield Corp acquired a new stake in shares of BrightView in the third quarter valued at about $45,000. Innealta Capital LLC acquired a new stake in shares of BrightView in the second quarter valued at approximately $102,000. FMR LLC grew its position in shares of BrightView by 293.4% in the third quarter. FMR LLC now owns 6,884 shares of the company’s stock valued at $108,000 after purchasing an additional 5,134 shares during the last quarter. Kathmere Capital Management LLC purchased a new position in shares of BrightView during the 2nd quarter worth approximately $133,000. Finally, Quest Partners LLC acquired a new position in shares of BrightView during the 3rd quarter worth approximately $153,000. 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.