BrightView (NYSE:BV) Given New $20.00 Price Target at Robert W. Baird

BrightView (NYSE:BV) had its price objective upped by Robert W. Baird from $18.00 to $20.00 in a report released on Thursday,Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Robert W. Baird’s price target suggests a potential upside of 27.75% from the company’s current price.

BV has been the topic of a number of other research reports. Loop Capital raised BrightView to a “strong-buy” rating in a report on Tuesday, July 30th. The Goldman Sachs Group upped their price objective on shares of BrightView from $10.00 to $11.30 and gave the stock a “sell” rating in a research report on Friday, August 2nd. 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 target price for the company. JPMorgan Chase & Co. boosted their price target on shares of BrightView from $11.00 to $14.00 and gave the stock an “underweight” rating in a research note on Friday, August 2nd. Finally, Baird R W upgraded shares of BrightView from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 30th. Two 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 assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $16.41.

BrightView Stock Performance

NYSE BV opened at $15.66 on Thursday. The firm has a market cap of $1.48 billion, a P/E ratio of 142.32 and a beta of 1.28. BrightView has a 52-week low of $6.94 and a 52-week high of $18.89. The business’s 50-day moving average price is $16.23 and its 200 day moving average price is $14.67. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.64.

Institutional Trading of BrightView

A number of institutional investors have recently bought and sold shares of the company. Driehaus Capital Management LLC acquired a new stake in BrightView in the 2nd quarter valued at about $13,086,000. Allspring Global Investments Holdings LLC acquired a new stake in shares of BrightView in the second quarter valued at approximately $9,857,000. Dimensional Fund Advisors LP increased its stake in shares of BrightView by 28.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,140,676 shares of the company’s stock worth $41,772,000 after purchasing an additional 695,987 shares in the last quarter. Kennedy Capital Management LLC acquired a new position in shares of BrightView during the 1st quarter worth approximately $6,673,000. Finally, Harbor Capital Advisors Inc. lifted its stake in BrightView by 150.5% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 632,394 shares of the company’s stock valued at $9,954,000 after buying an additional 379,916 shares in the last quarter. 92.41% of the stock is currently 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.