Loop Capital Issues Positive Forecast for BrightView (NYSE:BV) Stock Price

BrightView (NYSE:BV) had its target price upped by stock analysts at Loop Capital from $18.00 to $20.00 in a research note issued on Friday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Loop Capital’s price target would indicate a potential upside of 27.71% from the company’s previous close.

Several other brokerages have also recently issued reports on BV. Morgan Stanley started coverage on BrightView in a research report on Thursday, August 22nd. They issued an “equal weight” rating and a $16.00 target price on the stock. JPMorgan Chase & Co. upped their price target on BrightView from $11.00 to $14.00 and gave the stock an “underweight” rating in a research note on Friday, August 2nd. Jefferies Financial Group raised BrightView from a “hold” rating to a “buy” rating and increased their price target for the company from $13.00 to $17.00 in a research note on Wednesday, August 21st. Baird R W upgraded BrightView from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 30th. Finally, The Goldman Sachs Group upped their price target on shares of BrightView from $11.30 to $12.90 and gave the company a “sell” rating in a report on Friday. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $16.41.

BrightView Stock Performance

BV stock opened at $15.66 on Friday. The stock has a market capitalization of $1.48 billion, a PE ratio of 142.36 and a beta of 1.28. The stock’s 50 day simple moving average is $16.23 and its 200 day simple moving average is $14.69. BrightView has a 12-month low of $6.94 and a 12-month high of $18.89. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.64.

BrightView (NYSE:BV) last released its quarterly earnings data on Wednesday, November 13th. The company reported $0.30 EPS for the quarter, topping the consensus estimate of $0.28 by $0.02. The company had revenue of $728.70 million during the quarter, compared to the consensus estimate of $723.01 million. BrightView had a return on equity of 7.69% and a net margin of 2.40%. BrightView’s revenue for the quarter was down 2.0% on a year-over-year basis. During the same period last year, the company earned $0.14 EPS. As a group, research analysts forecast that BrightView will post 0.76 earnings per share for the current fiscal year.

Institutional Trading of BrightView

A number of hedge funds have recently bought and sold shares of BV. Millburn Ridgefield Corp acquired a new position in shares of BrightView during the third quarter worth $45,000. Innealta Capital LLC purchased a new stake in BrightView in the second quarter valued at approximately $102,000. FMR LLC raised its position in BrightView by 293.4% during the 3rd quarter. FMR LLC now owns 6,884 shares of the company’s stock worth $108,000 after buying an additional 5,134 shares during the last quarter. Kathmere Capital Management LLC purchased a new stake in shares of BrightView in the 2nd quarter valued at $133,000. Finally, Quest Partners LLC purchased a new position in shares of BrightView during the third quarter worth $153,000. Hedge funds and other institutional investors own 92.41% of the company’s stock.

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.