BrightView (NYSE:BV) Stock Price Expected to Rise, The Goldman Sachs Group Analyst Says

BrightView (NYSE:BV) had its price objective hoisted by The Goldman Sachs Group from $11.30 to $12.90 in a report published on Friday morning,Benzinga reports. The firm currently has a sell rating on the stock.

BV has been the subject of a number of other reports. Jefferies Financial Group raised shares of BrightView from a “hold” rating to a “buy” rating and raised their price objective for the stock from $13.00 to $17.00 in a research note on Wednesday, August 21st. Morgan Stanley began coverage on BrightView in a report on Thursday, August 22nd. They issued an “equal weight” rating and a $16.00 price target for the company. Loop Capital raised BrightView to a “strong-buy” rating in a research note on Tuesday, July 30th. JPMorgan Chase & Co. lifted their price objective on BrightView from $11.00 to $14.00 and gave the stock an “underweight” rating in a research report on Friday, August 2nd. Finally, Robert W. Baird upped their target price on shares of BrightView from $18.00 to $20.00 and gave the company an “outperform” rating in a report on Thursday, November 14th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $16.41.

BrightView Stock Down 0.1 %

BV 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 company has a market cap of $1.49 billion, a price-to-earnings ratio of 142.19 and a beta of 1.28. BrightView has a one year low of $7.20 and a one year high of $18.89. The business’s fifty day moving average is $16.25 and its two-hundred day moving average is $14.74.

BrightView (NYSE:BV) last released its quarterly earnings data on Wednesday, November 13th. The company reported $0.30 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 business had revenue of $728.70 million for the quarter, compared to analyst estimates of $723.01 million. During the same period in the previous year, the firm earned $0.14 EPS. The business’s revenue for the quarter was down 2.0% compared to the same quarter last year. Analysts anticipate that BrightView will post 0.76 EPS for the current fiscal year.

Institutional Trading of BrightView

Several hedge funds and other institutional investors have recently added to or reduced their stakes in BV. Vanguard Group Inc. boosted its position in shares of BrightView by 4.8% in the first quarter. Vanguard Group Inc. now owns 4,031,524 shares of the company’s stock worth $47,975,000 after acquiring an additional 185,327 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in BrightView by 28.5% during the second quarter. Dimensional Fund Advisors LP now owns 3,140,676 shares of the company’s stock worth $41,772,000 after purchasing an additional 695,987 shares during the period. Harvey Partners LLC boosted its holdings in shares of BrightView by 9.1% in the 3rd quarter. Harvey Partners LLC now owns 1,870,000 shares of the company’s stock valued at $29,434,000 after purchasing an additional 156,500 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of BrightView by 18.2% during the 3rd quarter. Geode Capital Management LLC now owns 1,337,545 shares of the company’s stock valued at $21,057,000 after buying an additional 206,359 shares during the period. Finally, State Street Corp increased its holdings in shares of 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 buying an additional 177,105 shares during the last quarter. Hedge funds and other institutional investors 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.