Robert W. Baird Increases BrightView (NYSE:BV) Price Target to $13.00

BrightView (NYSE:BV) had its price objective hoisted by equities research analysts at Robert W. Baird from $8.50 to $13.00 in a research note issued to investors on Thursday, Benzinga reports. The brokerage currently has a “neutral” rating on the stock. Robert W. Baird’s target price indicates a potential upside of 15.35% from the company’s current price.

Other research analysts also recently issued research reports about the stock. The Goldman Sachs Group reaffirmed a “sell” rating and set a $10.00 price objective (up previously from $8.00) on shares of BrightView in a research note on Thursday, April 4th. Craig Hallum assumed coverage on shares of BrightView in a research note on Monday, March 4th. They set a “buy” rating and a $15.00 price objective for the company. Finally, Jefferies Financial Group reaffirmed a “hold” rating and set a $9.00 price objective on shares of BrightView in a research note on Monday, March 4th.

BrightView Price Performance

NYSE:BV opened at $11.27 on Thursday. The firm has a market cap of $1.06 billion, a price-to-earnings ratio of -56.35 and a beta of 1.22. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 0.73. The company’s 50-day moving average is $10.63 and its two-hundred day moving average is $8.90. BrightView has a 12-month low of $5.16 and a 12-month high of $12.35.

BrightView (NYSE:BV) last released its earnings results on Wednesday, January 31st. The company reported ($0.02) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.04). The firm had revenue of $626.70 million during the quarter, compared to analysts’ expectations of $651.07 million. BrightView had a negative net margin of 0.19% and a positive return on equity of 3.93%. Research analysts expect that BrightView will post 0.59 EPS for the current year.

Institutional Trading of BrightView

Large investors have recently bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of BrightView by 59.6% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,302 shares of the company’s stock valued at $61,000 after buying an additional 2,726 shares during the last quarter. Russell Investments Group Ltd. purchased a new position in shares of BrightView during the 4th quarter valued at approximately $91,000. Teacher Retirement System of Texas purchased a new position in shares of BrightView during the 4th quarter valued at approximately $92,000. Aigen Investment Management LP purchased a new position in shares of BrightView during the 4th quarter valued at approximately $94,000. Finally, Tower Research Capital LLC TRC boosted its stake in shares of BrightView by 977.6% during the 4th quarter. Tower Research Capital LLC TRC now owns 11,584 shares of the company’s stock valued at $98,000 after buying an additional 10,509 shares during the last quarter. 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.