BrightView (NYSE:BV) Given New $20.00 Price Target at Loop Capital

BrightView (NYSE:BV) had its price objective increased by Loop Capital from $18.00 to $20.00 in a research note issued to investors on Friday,Benzinga reports. The firm currently has a buy rating on the stock.

A number of other research analysts have also recently issued reports on BV. Baird R W raised BrightView from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 30th. JPMorgan Chase & Co. boosted their price target on shares of BrightView from $11.00 to $14.00 and gave the company an “underweight” rating in a research report on Friday, August 2nd. The Goldman Sachs Group lifted their target price on shares of BrightView from $11.30 to $12.90 and gave the company a “sell” rating in a research note on Friday. William Blair raised BrightView from a “market perform” rating to an “outperform” rating in a report on Friday. Finally, Morgan Stanley began coverage on BrightView in a report on Thursday, August 22nd. They set an “equal weight” rating and a $16.00 price target for the company. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $16.41.

BrightView Trading Down 0.1 %

Shares of BV stock opened at $15.64 on Friday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.45 and a current ratio of 1.44. The firm has a fifty day moving average of $16.25 and a 200-day moving average of $14.74. BrightView has a 52-week low of $7.20 and a 52-week high of $18.89. The stock has a market cap of $1.49 billion, a price-to-earnings ratio of 142.19 and a beta of 1.28.

BrightView (NYSE:BV) last posted its quarterly earnings results on Wednesday, November 13th. The company reported $0.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.28 by $0.02. BrightView had a net margin of 2.40% and a return on equity of 7.65%. The firm had revenue of $728.70 million during the quarter, compared to analyst estimates of $723.01 million. During the same quarter in the prior year, the business posted $0.14 earnings per share. The company’s quarterly revenue was down 2.0% compared to the same quarter last year. On average, equities research analysts forecast that BrightView will post 0.76 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Sei Investments Co. lifted its stake in shares of BrightView by 6.1% during the first quarter. Sei Investments Co. now owns 238,834 shares of the company’s stock valued at $2,842,000 after acquiring an additional 13,756 shares during the period. Russell Investments Group Ltd. lifted its holdings in BrightView by 173.7% in the first quarter. Russell Investments Group Ltd. now owns 29,563 shares of the company’s stock valued at $352,000 after buying an additional 18,763 shares during the period. Vanguard Group Inc. lifted its holdings in BrightView by 4.8% in the first quarter. Vanguard Group Inc. now owns 4,031,524 shares of the company’s stock valued at $47,975,000 after buying an additional 185,327 shares during the period. Hillsdale Investment Management Inc. boosted its stake in BrightView by 8.6% in the first quarter. Hillsdale Investment Management Inc. now owns 476,000 shares of the company’s stock valued at $5,664,000 after acquiring an additional 37,600 shares during the last quarter. Finally, Roubaix Capital LLC acquired a new stake in shares of BrightView during the first quarter worth $3,518,000. 92.41% of the stock is currently owned by institutional investors.

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.