BrightView (NYSE:BV) Shares Gap Up on Analyst Upgrade

Shares of BrightView Holdings, Inc. (NYSE:BV) gapped up prior to trading on Friday after Loop Capital raised their price target on the stock from $18.00 to $20.00. The stock had previously closed at $15.81, but opened at $16.54. Loop Capital currently has a buy rating on the stock. BrightView shares last traded at $16.23, with a volume of 86,741 shares.

BV has been the topic of a number of other research reports. Baird R W raised shares of BrightView from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 30th. William Blair upgraded BrightView from a “market perform” rating to an “outperform” rating in a research report on Friday. The Goldman Sachs Group upped their target price on BrightView from $11.30 to $12.90 and gave the stock a “sell” rating in a report on Friday. Robert W. Baird lifted their price target on BrightView from $18.00 to $20.00 and gave the company an “outperform” rating in a research note on Thursday. Finally, JPMorgan Chase & Co. upped their price objective on BrightView from $11.00 to $14.00 and gave the company an “underweight” rating in a research note on Friday, August 2nd. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $16.41.

Institutional Trading of BrightView

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Barclays PLC boosted its stake in shares of BrightView by 133.6% in the 3rd quarter. Barclays PLC now owns 111,969 shares of the company’s stock valued at $1,762,000 after purchasing an additional 64,035 shares during the last quarter. Y Intercept Hong Kong Ltd bought a new stake in BrightView during the third quarter valued at $302,000. XTX Topco Ltd bought a new stake in BrightView during the third quarter valued at $184,000. State Street Corp grew its holdings in BrightView by 17.1% during the 3rd quarter. State Street Corp now owns 1,211,909 shares of the company’s stock worth $19,075,000 after acquiring an additional 177,105 shares during the period. Finally, Systematic Financial Management LP bought a new position in shares of BrightView in the 3rd quarter worth about $957,000. Institutional investors and hedge funds own 92.41% of the company’s stock.

BrightView Price Performance

The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.45 and a current ratio of 1.45. The business has a 50 day moving average price of $16.23 and a 200-day moving average price of $14.67. The company has a market capitalization of $1.48 billion, a price-to-earnings ratio of 142.32 and a beta of 1.28.

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.