BrightView (NYSE:BV) Price Target Raised to $20.00

BrightView (NYSE:BV) had its target price boosted by Robert W. Baird from $18.00 to $20.00 in a research report report published on Thursday morning,Benzinga reports. They currently have an outperform rating on the stock.

Other analysts have also recently issued reports about the company. Loop Capital upgraded BrightView to a “strong-buy” rating in a report on Tuesday, July 30th. JPMorgan Chase & Co. upped their price target on shares of BrightView from $11.00 to $14.00 and gave the company an “underweight” rating in a research report on Friday, August 2nd. Jefferies Financial Group upgraded shares of BrightView from a “hold” rating to a “buy” rating and lifted their price target for the stock from $13.00 to $17.00 in a report on Wednesday, August 21st. The Goldman Sachs Group increased their price objective on BrightView from $10.00 to $11.30 and gave the company a “sell” rating in a report on Friday, August 2nd. Finally, Baird R W upgraded 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 issued a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, BrightView currently has an average rating of “Moderate Buy” and a consensus target price of $16.41.

BrightView Trading Down 0.9 %

BV opened at $15.66 on Thursday. The company has a market cap of $1.48 billion, a P/E ratio of 142.36 and a beta of 1.28. 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 company’s 50 day moving average is $16.23 and its 200-day moving average is $14.69. BrightView has a 1-year low of $6.94 and a 1-year high of $18.89.

BrightView (NYSE:BV) last posted its earnings results on Wednesday, November 13th. The company reported $0.30 earnings per share for the quarter, topping analysts’ consensus estimates of $0.28 by $0.02. BrightView had a net margin of 2.40% and a return on equity of 7.69%. The firm had revenue of $728.70 million for the quarter, compared to analysts’ expectations of $723.01 million. During the same quarter in the previous year, the firm posted $0.14 earnings per share. The company’s revenue was down 2.0% on a year-over-year basis. Equities research analysts predict that BrightView will post 0.76 earnings per share for the current fiscal year.

Institutional Investors Weigh In On BrightView

Large investors have recently added to or reduced their stakes in the business. &PARTNERS acquired a new position in BrightView in the second quarter valued at approximately $1,497,000. Thompson Siegel & Walmsley LLC bought a new position in BrightView during the second quarter worth $560,000. Driehaus Capital Management LLC acquired a new stake in BrightView in the second quarter worth $13,086,000. Kennedy Capital Management LLC bought a new stake in BrightView in the first quarter valued at $6,673,000. Finally, Anchor Capital Advisors LLC acquired a new position in shares of BrightView during the second quarter valued at about $626,000. Institutional investors and hedge funds own 92.41% of the company’s stock.

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.