BrightView (NYSE:BV) Raised to Outperform at William Blair

William Blair upgraded shares of BrightView (NYSE:BV) from a market perform rating to an outperform rating in a research report report published on Friday morning, Marketbeat Ratings reports.

Several other research analysts also recently weighed in on the company. The Goldman Sachs Group boosted their target price on BrightView from $10.00 to $11.30 and gave the stock a “sell” rating in a research note on Friday, August 2nd. JPMorgan Chase & Co. boosted their price target on BrightView from $11.00 to $14.00 and gave the stock an “underweight” rating in a research note on Friday, August 2nd. Jefferies Financial Group raised shares of BrightView from a “hold” rating to a “buy” rating and increased their price objective for the company from $13.00 to $17.00 in a research report on Wednesday, August 21st. Baird R W raised shares of BrightView from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 30th. Finally, Robert W. Baird raised their price target on shares of BrightView from $18.00 to $20.00 and gave the stock an “outperform” rating in a report on Thursday. 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 issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $16.41.

BrightView Stock Performance

Shares of BrightView stock opened at $15.66 on Friday. The company has a market capitalization of $1.49 billion, a PE ratio of 142.38 and a beta of 1.28. The company has a 50-day simple moving average of $16.23 and a two-hundred day simple moving average of $14.72. BrightView has a one year low of $6.94 and a one year high of $18.89. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.45 and a current ratio of 1.44.

BrightView (NYSE:BV) last announced its earnings results on Wednesday, November 13th. The company reported $0.30 earnings per share for the quarter, beating the consensus estimate of $0.28 by $0.02. The company had revenue of $728.70 million during the quarter, compared to the consensus estimate of $723.01 million. BrightView had a net margin of 2.40% and a return on equity of 7.65%. BrightView’s revenue was down 2.0% compared to the same quarter last year. During the same period last year, the firm earned $0.14 earnings per share. Research analysts expect that BrightView will post 0.76 EPS for the current fiscal year.

Institutional Trading of BrightView

Large investors have recently made changes to their positions in the business. BNP Paribas Financial Markets raised its holdings in shares of BrightView by 4.6% during the third quarter. BNP Paribas Financial Markets now owns 24,184 shares of the company’s stock worth $381,000 after purchasing an additional 1,056 shares during the last quarter. The Manufacturers Life Insurance Company raised its stake in shares of BrightView by 8.7% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 17,896 shares of the company’s stock valued at $238,000 after buying an additional 1,431 shares during the last quarter. Creative Planning raised its stake in shares of BrightView by 7.0% during the 3rd quarter. Creative Planning now owns 24,019 shares of the company’s stock valued at $378,000 after buying an additional 1,564 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in shares of BrightView by 8.3% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 26,941 shares of the company’s stock valued at $321,000 after buying an additional 2,056 shares during the period. Finally, Los Angeles Capital Management LLC boosted its stake in shares of BrightView by 3.2% in the third quarter. Los Angeles Capital Management LLC now owns 75,524 shares of the company’s stock worth $1,189,000 after buying an additional 2,340 shares during the last quarter. 92.41% of the stock is owned by hedge funds and other institutional investors.

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.