BrightView (NYSE:BV) Price Target Raised to $16.00

BrightView (NYSE:BV) had its target price lifted by Morgan Stanley from $15.00 to $16.00 in a research note published on Thursday morning,Benzinga reports. Morgan Stanley currently has an equal weight rating on the stock.

A number of other analysts have also weighed in on the stock. The Goldman Sachs Group raised their target price on shares of BrightView from $11.30 to $12.90 and gave the company a “sell” rating in a research report on Friday, November 15th. Loop Capital upped their price objective on shares of BrightView from $18.00 to $20.00 and gave the company a “buy” rating in a research note on Friday, November 15th. BTIG Research assumed coverage on BrightView in a research report on Monday, December 2nd. They set a “buy” rating and a $22.00 target price on the stock. William Blair upgraded shares of BrightView from a “market perform” rating to an “outperform” rating in a report on Friday, November 15th. Finally, Jefferies Financial Group raised BrightView from a “hold” rating to a “buy” rating and raised their price objective for the company from $13.00 to $17.00 in a research note on Wednesday, August 21st. Two investment analysts have rated the stock with a sell rating, one has given a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $17.11.

BrightView Trading Up 0.2 %

BV stock opened at $16.85 on Thursday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.44 and a current ratio of 1.44. The company has a market capitalization of $1.60 billion, a PE ratio of 153.18 and a beta of 1.30. BrightView has a 52 week low of $7.75 and a 52 week high of $18.89. The company’s 50-day simple moving average is $16.84 and its 200 day simple moving average is $15.22.

BrightView (NYSE:BV) last released its earnings results on Wednesday, November 13th. The company reported $0.30 earnings per share 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 firm had revenue of $728.70 million during the quarter, compared to the consensus estimate of $723.01 million. During the same period in the prior year, the company posted $0.14 EPS. The company’s revenue was down 2.0% compared to the same quarter last year. As a group, sell-side analysts anticipate that BrightView will post 0.75 earnings per share for the current year.

Insider Buying and Selling at BrightView

In other news, EVP Jonathan Mark Gottsegen sold 29,658 shares of the firm’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $16.06, for a total transaction of $476,307.48. Following the completion of the sale, the executive vice president now owns 100,354 shares in the company, valued at $1,611,685.24. This trade represents a 22.81 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 2.40% of the company’s stock.

Institutional Trading of BrightView

Hedge funds have recently made changes to their positions in the company. Driehaus Capital Management LLC bought a new position in BrightView in the 2nd quarter worth about $13,086,000. Allspring Global Investments Holdings LLC bought a new position in BrightView during the 2nd quarter worth approximately $9,857,000. Dimensional Fund Advisors LP grew its holdings in shares of BrightView by 28.5% in the second 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 during the last quarter. Harbor Capital Advisors Inc. increased its position in shares of BrightView by 150.5% in the third quarter. Harbor Capital Advisors Inc. now owns 632,394 shares of the company’s stock valued at $9,954,000 after acquiring an additional 379,916 shares during the period. Finally, Thompson Siegel & Walmsley LLC increased its holdings in BrightView by 704.9% during the 3rd quarter. Thompson Siegel & Walmsley LLC now owns 339,054 shares of the company’s stock valued at $5,337,000 after purchasing an additional 296,931 shares during the period. 92.41% of the stock is currently owned by 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.