BrightView (NYSE:BV) Stock Rating Upgraded by William Blair

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

Other equities analysts also recently issued research reports about the company. Loop Capital upgraded BrightView to a “strong-buy” rating in a report on Tuesday, July 30th. JPMorgan Chase & Co. increased their target price on shares of BrightView from $11.00 to $14.00 and gave the stock an “underweight” rating in a research report on Friday, August 2nd. 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. Jefferies Financial Group upgraded BrightView from a “hold” rating to a “buy” rating and increased their price objective for the stock from $13.00 to $17.00 in a report on Wednesday, August 21st. Finally, The Goldman Sachs Group boosted their target price on BrightView from $10.00 to $11.30 and gave the company a “sell” rating in a research note on Friday, August 2nd. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, BrightView presently has an average rating of “Moderate Buy” and a consensus price target of $16.41.

BrightView Stock Performance

Shares of BV opened at $15.64 on Friday. BrightView has a one year low of $7.20 and a one year high of $18.89. The company has a 50-day moving average of $16.25 and a two-hundred day moving average of $14.74. 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 stock has a market cap of $1.49 billion, a price-to-earnings ratio of 142.19 and a beta of 1.28.

BrightView (NYSE:BV) last released its earnings results on Wednesday, November 13th. The company reported $0.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.28 by $0.02. BrightView had a return on equity of 7.65% and a net margin of 2.40%. The company had revenue of $728.70 million during the quarter, compared to analyst estimates of $723.01 million. During the same quarter in the prior year, the company earned $0.14 earnings per share. The company’s revenue for the quarter was down 2.0% on a year-over-year basis. On average, equities research analysts expect that BrightView will post 0.76 earnings per share for the current year.

Institutional Investors Weigh In On BrightView

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Geode Capital Management LLC increased its stake in shares of BrightView by 18.2% in the third quarter. Geode Capital Management LLC now owns 1,337,545 shares of the company’s stock worth $21,057,000 after purchasing an additional 206,359 shares during the period. Barclays PLC increased its position in BrightView by 133.6% in the 3rd quarter. Barclays PLC now owns 111,969 shares of the company’s stock worth $1,762,000 after buying an additional 64,035 shares during the period. Y Intercept Hong Kong Ltd acquired a new position in shares of BrightView during the third quarter worth approximately $302,000. XTX Topco Ltd bought a new stake in shares of BrightView in the third quarter valued at approximately $184,000. Finally, State Street Corp grew its stake in shares of BrightView by 17.1% in the third quarter. State Street Corp now owns 1,211,909 shares of the company’s stock worth $19,075,000 after acquiring an additional 177,105 shares during the last quarter. 92.41% of the stock is currently owned by institutional investors and hedge funds.

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.