BrightView (NYSE:BV) Shares Gap Up on Analyst Upgrade

BrightView Holdings, Inc. (NYSE:BV) shares gapped up prior to trading on Friday after Loop Capital raised their price target on the stock from $18.00 to $20.00. The stock had previously closed at $15.81, but opened at $16.54. Loop Capital currently has a buy rating on the stock. BrightView shares last traded at $16.23, with a volume of 86,741 shares.

BV has been the subject of several other research reports. The Goldman Sachs Group boosted their price target on shares of BrightView from $11.30 to $12.90 and gave the stock a “sell” rating in a research note on Friday. William Blair upgraded shares of BrightView from a “market perform” rating to an “outperform” rating in a research note on Friday. Baird R W upgraded shares of BrightView from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 30th. Morgan Stanley assumed coverage on shares of BrightView in a research note on Thursday, August 22nd. They issued an “equal weight” rating and a $16.00 price target for the company. Finally, Robert W. Baird lifted their price objective on shares of BrightView from $18.00 to $20.00 and gave the stock an “outperform” rating in a research report on Thursday. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, BrightView currently has an average rating of “Moderate Buy” and a consensus target price of $16.41.

Institutional Investors Weigh In On BrightView

Several large investors have recently made changes to their positions in the business. Millburn Ridgefield Corp bought a new position in BrightView during the 3rd quarter valued at $45,000. FMR LLC boosted its stake in BrightView by 293.4% during the 3rd quarter. FMR LLC now owns 6,884 shares of the company’s stock valued at $108,000 after acquiring an additional 5,134 shares during the last quarter. Innealta Capital LLC bought a new position in BrightView during the 2nd quarter valued at $102,000. Quest Partners LLC bought a new position in BrightView during the 3rd quarter valued at $153,000. Finally, Kathmere Capital Management LLC bought a new position in BrightView during the 2nd quarter valued at $133,000. Institutional investors and hedge funds own 92.41% of the company’s stock.

BrightView Stock Down 0.9 %

The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.64. The stock has a market capitalization of $1.48 billion, a P/E 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 (NYSE:BV) last posted 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. The company had revenue of $728.70 million for the quarter, compared to the consensus estimate of $723.01 million. BrightView had a net margin of 2.40% and a return on equity of 7.69%. The company’s revenue for the quarter was down 2.0% on a year-over-year basis. During the same period last year, the firm posted $0.14 EPS. As a group, research analysts predict that BrightView Holdings, Inc. will post 0.76 EPS for the current fiscal year.

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.