BrightView (NYSE:BV) Stock Price Up 6.6% – Should You Buy?

BrightView Holdings, Inc. (NYSE:BV) shares rose 6.6% during mid-day trading on Tuesday . The stock traded as high as $13.14 and last traded at $13.08. Approximately 419,986 shares changed hands during mid-day trading, a decline of 32% from the average daily volume of 616,758 shares. The stock had previously closed at $12.27.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. The Goldman Sachs Group raised their target price on shares of BrightView from $11.30 to $12.90 and gave the stock a “sell” rating in a research note on Friday, November 15th. Loop Capital raised their price objective on shares of BrightView from $18.00 to $20.00 and gave the company a “buy” rating in a research report on Friday, November 15th. Robert W. Baird boosted their target price on BrightView from $18.00 to $20.00 and gave the stock an “outperform” rating in a research report on Thursday, November 14th. BTIG Research began coverage on BrightView in a research note on Monday, December 2nd. They set a “buy” rating and a $22.00 target price for the company. Finally, Morgan Stanley lifted their price target on BrightView from $15.00 to $16.00 and gave the company an “equal weight” rating in a research note on Thursday, December 12th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $17.41.

BrightView Price Performance

The company has a debt-to-equity ratio of 0.63, a current ratio of 1.43 and a quick ratio of 1.43. The firm has a market capitalization of $1.26 billion, a PE ratio of 73.12 and a beta of 1.32. The company has a 50-day moving average price of $14.80 and a 200-day moving average price of $15.77.

Institutional Investors Weigh In On BrightView

Several hedge funds have recently modified their holdings of the company. Principal Financial Group Inc. purchased a new position in shares of BrightView during the third quarter valued at approximately $723,000. Los Angeles Capital Management LLC lifted its stake in shares of BrightView by 3.2% during the 3rd quarter. Los Angeles Capital Management LLC now owns 75,524 shares of the company’s stock worth $1,189,000 after purchasing an additional 2,340 shares during the period. GSA Capital Partners LLP acquired a new stake in shares of BrightView during the third quarter worth $404,000. Empowered Funds LLC grew its position in shares of BrightView by 5.4% in the third quarter. Empowered Funds LLC now owns 473,857 shares of the company’s stock valued at $7,459,000 after purchasing an additional 24,120 shares during the period. Finally, Natixis Advisors LLC increased its stake in BrightView by 49.1% in the third quarter. Natixis Advisors LLC now owns 74,222 shares of the company’s stock valued at $1,168,000 after purchasing an additional 24,443 shares during the last quarter. 92.41% of the stock is owned by institutional investors and hedge funds.

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.