BrightView (NYSE:BV) Shares Gap Up – Time to Buy?

Shares of BrightView Holdings, Inc. (NYSE:BV) gapped up prior to trading on Monday . The stock had previously closed at $13.43, but opened at $13.98. BrightView shares last traded at $13.58, with a volume of 93,869 shares changing hands.

Analysts Set New Price Targets

A number of equities analysts recently commented on BV shares. Loop Capital lifted their price target on BrightView from $18.00 to $20.00 and gave the stock a “buy” rating in a report on Friday, November 15th. The Goldman Sachs Group boosted their target price on BrightView from $11.30 to $12.90 and gave the stock a “sell” rating in a report on Friday, November 15th. Morgan Stanley raised their price target on BrightView from $15.00 to $16.00 and gave the company an “equal weight” rating in a report on Thursday, December 12th. William Blair upgraded shares of BrightView from a “market perform” rating to an “outperform” rating in a report on Friday, November 15th. Finally, BTIG Research assumed coverage on shares of BrightView in a research note on Monday, December 2nd. They set a “buy” rating and a $22.00 target price for the company. 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 given a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $17.11.

BrightView Price Performance

The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 0.63. The company’s 50 day moving average is $15.39 and its 200 day moving average is $15.90. The firm has a market capitalization of $1.29 billion, a price-to-earnings ratio of 75.17 and a beta of 1.29.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Sterling Capital Management LLC grew its position in BrightView by 832.0% during the fourth quarter. Sterling Capital Management LLC now owns 1,864 shares of the company’s stock worth $30,000 after buying an additional 1,664 shares in the last quarter. Tower Research Capital LLC TRC boosted its position in shares of BrightView by 181.4% during the 4th quarter. Tower Research Capital LLC TRC now owns 2,288 shares of the company’s stock worth $37,000 after acquiring an additional 1,475 shares in the last quarter. Millburn Ridgefield Corp bought a new position in BrightView in the third quarter valued at approximately $45,000. NewEdge Advisors LLC acquired a new position in BrightView during the fourth quarter valued at approximately $56,000. Finally, New York State Teachers Retirement System lifted its stake in BrightView by 32.1% during the fourth quarter. New York State Teachers Retirement System now owns 5,326 shares of the company’s stock worth $85,000 after purchasing an additional 1,293 shares during the last quarter. 92.41% of the stock is owned by institutional investors.

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.