Robert W. Baird Increases BrightView (NYSE:BV) Price Target to $20.00

BrightView (NYSE:BV) had its price target lifted by stock analysts at Robert W. Baird from $18.00 to $20.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Robert W. Baird’s price objective points to a potential upside of 27.75% from the stock’s current price.

BV has been the topic of several other reports. JPMorgan Chase & Co. upped their target price on shares of BrightView from $11.00 to $14.00 and gave the stock an “underweight” rating in a research note on Friday, August 2nd. Baird R W upgraded BrightView from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 30th. Jefferies Financial Group raised BrightView from a “hold” rating to a “buy” rating and boosted their target price for the stock from $13.00 to $17.00 in a research note on Wednesday, August 21st. The Goldman Sachs Group increased their price target on BrightView from $10.00 to $11.30 and gave the company a “sell” rating in a research report on Friday, August 2nd. Finally, Morgan Stanley began coverage on BrightView in a research report on Thursday, August 22nd. They set an “equal weight” rating and a $16.00 price objective for the company. Two analysts have rated the stock with a sell rating, one has given a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $16.41.

BrightView Stock Performance

Shares of BrightView stock opened at $15.66 on Thursday. The stock has a market capitalization of $1.48 billion, a price-to-earnings ratio of 142.32 and a beta of 1.28. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.45 and a quick ratio of 1.45. The business has a 50-day moving average of $16.23 and a 200 day moving average of $14.67. BrightView has a 12 month low of $6.94 and a 12 month high of $18.89.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Millburn Ridgefield Corp purchased a new stake in BrightView in the third quarter valued at $45,000. FMR LLC lifted its holdings in shares of BrightView by 293.4% in the 3rd quarter. FMR LLC now owns 6,884 shares of the company’s stock valued at $108,000 after purchasing an additional 5,134 shares during the last quarter. Innealta Capital LLC acquired a new stake in shares of BrightView in the 2nd quarter valued at about $102,000. Quest Partners LLC purchased a new position in BrightView during the 3rd quarter worth approximately $153,000. Finally, Kathmere Capital Management LLC acquired a new position in BrightView during the second quarter worth approximately $133,000. 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.