The Goldman Sachs Group Issues Positive Forecast for BrightView (NYSE:BV) Stock Price

BrightView (NYSE:BV) had its price objective lifted by The Goldman Sachs Group from $11.30 to $12.90 in a research report sent to investors on Friday,Benzinga reports. They currently have a sell rating on the stock.

Several other equities research analysts have also weighed in on BV. Loop Capital raised shares of BrightView to a “strong-buy” rating in a report on Tuesday, July 30th. JPMorgan Chase & Co. upped their price objective 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. Jefferies Financial Group upgraded shares of BrightView from a “hold” rating to a “buy” rating and lifted their target price for the company from $13.00 to $17.00 in a research note on Wednesday, August 21st. William Blair raised BrightView from a “market perform” rating to an “outperform” rating in a report on Friday. Finally, Morgan Stanley began coverage on BrightView in a report on Thursday, August 22nd. They set an “equal weight” rating and a $16.00 price target for the company. Two analysts have rated the stock with a sell rating, one has assigned a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, BrightView currently has a consensus rating of “Moderate Buy” and a consensus price target of $16.41.

BrightView Stock Down 0.9 %

Shares of BV opened at $15.66 on Friday. The company has a quick ratio of 1.45, a current ratio of 1.44 and a debt-to-equity ratio of 0.63. The company has a 50-day moving average price of $16.23 and a two-hundred day moving average price of $14.72. The stock has a market cap of $1.49 billion, a price-to-earnings ratio of 142.38 and a beta of 1.28. BrightView has a 12 month low of $6.94 and a 12 month high of $18.89.

BrightView (NYSE:BV) last posted its earnings results on Wednesday, November 13th. The company reported $0.30 EPS for the quarter, topping the consensus estimate of $0.28 by $0.02. BrightView had a return on equity of 7.65% and a net margin of 2.40%. The business had revenue of $728.70 million during the quarter, compared to the consensus estimate of $723.01 million. During the same quarter last year, the company earned $0.14 EPS. BrightView’s revenue was down 2.0% on a year-over-year basis. Equities analysts predict that BrightView will post 0.76 EPS for the current fiscal year.

Institutional Inflows and Outflows

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