BrightView (NYSE:BV) Upgraded by JPMorgan Chase & Co. to Neutral Rating

JPMorgan Chase & Co. upgraded shares of BrightView (NYSE:BV) from an underweight rating to a neutral rating in a research note issued to investors on Thursday morning, MarketBeat.com reports. JPMorgan Chase & Co. currently has $14.00 price target on the stock, up from their previous price target of $13.00.

A number of other research analysts have also weighed in on BV. Weiss Ratings restated a “sell (d+)” rating on shares of BrightView in a report on Monday. Morgan Stanley raised their target price on BrightView from $13.00 to $14.00 and gave the company an “equal weight” rating in a report on Monday, March 2nd. Finally, The Goldman Sachs Group restated a “sell” rating and issued a $11.10 target price on shares of BrightView in a report on Monday, February 9th. Two research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, three have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, BrightView presently has a consensus rating of “Hold” and an average price target of $14.85.

BrightView Stock Down 1.8%

BV stock opened at $12.98 on Thursday. BrightView has a twelve month low of $11.06 and a twelve month high of $17.10. The company has a quick ratio of 1.26, a current ratio of 1.23 and a debt-to-equity ratio of 0.66. The stock’s 50 day moving average is $12.25 and its 200-day moving average is $12.66. The firm has a market capitalization of $1.21 billion, a PE ratio of -185.43 and a beta of 1.20.

BrightView (NYSE:BV) last posted its earnings results on Tuesday, May 5th. The company reported $0.09 earnings per share for the quarter, beating analysts’ consensus estimates of $0.08 by $0.01. BrightView had a return on equity of 7.25% and a net margin of 1.70%.The company had revenue of $702.90 million for the quarter, compared to analyst estimates of $638.80 million. During the same quarter last year, the company earned $0.14 earnings per share. The company’s revenue for the quarter was up 6.1% on a year-over-year basis. Sell-side analysts expect that BrightView will post 0.59 EPS for the current fiscal year.

Institutional Trading of BrightView

A number of hedge funds have recently bought and sold shares of BV. Van Berkom & Associates Inc. bought a new stake in BrightView during the third quarter worth $61,076,000. William Blair Investment Management LLC bought a new stake in shares of BrightView in the third quarter valued at $25,565,000. Cooke & Bieler LP raised its stake in shares of BrightView by 40.9% in the third quarter. Cooke & Bieler LP now owns 3,568,050 shares of the company’s stock valued at $47,812,000 after buying an additional 1,035,820 shares during the period. Interval Partners LP raised its stake in shares of BrightView by 60.5% in the third quarter. Interval Partners LP now owns 1,641,988 shares of the company’s stock valued at $22,003,000 after buying an additional 618,875 shares during the period. Finally, Private Management Group Inc. bought a new stake in shares of BrightView in the fourth quarter valued at $7,468,000. 92.41% of the stock is currently owned by institutional investors.

About BrightView

BrightView Inc (NYSE:BV) is a leading commercial landscaping services company in the United States, offering a comprehensive suite of outdoor asset management solutions. The company’s core business activities include landscape maintenance, development and enhancement services tailored to a wide array of clients such as corporate campuses, healthcare facilities, multi-family residential properties, retail centers and municipalities.

BrightView’s service portfolio covers routine grounds maintenance, landscape construction and design-build, irrigation system installation and management, tree care, seasonal color programs and snow and ice management.