BrightView (NYSE:BV) Price Target Raised to $14.00

BrightView (NYSE:BV) had its price objective boosted by Morgan Stanley from $13.00 to $14.00 in a report published on Monday morning,Benzinga reports. The brokerage currently has an equal weight rating on the stock.

BV has been the subject of several other reports. JPMorgan Chase & Co. boosted their price target on BrightView from $12.00 to $13.00 and gave the stock an “underweight” rating in a research report on Thursday, February 5th. Weiss Ratings downgraded BrightView from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, February 4th. BTIG Research assumed coverage on BrightView in a report on Monday, December 1st. They issued a “buy” rating and a $15.00 price objective on the stock. The Goldman Sachs Group reiterated a “sell” rating and set a $11.10 target price on shares of BrightView in a report on Monday, February 9th. Finally, Zacks Research upgraded shares of BrightView from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 4th. Two equities research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, two have issued a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $14.68.

BrightView Stock Performance

Shares of BV opened at $13.43 on Monday. The stock has a 50-day moving average of $13.32 and a two-hundred day moving average of $13.20. The stock has a market cap of $1.27 billion, a P/E ratio of -671.50 and a beta of 1.26. BrightView has a one year low of $11.06 and a one year high of $17.10. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.26 and a current ratio of 1.26.

BrightView (NYSE:BV) last released its quarterly earnings data on Tuesday, February 3rd. The company reported ($0.01) earnings per share for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.02). The company had revenue of $614.70 million for the quarter, compared to analysts’ expectations of $589.91 million. BrightView had a net margin of 1.90% and a return on equity of 7.85%. The business’s quarterly revenue was up 2.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.04 EPS. As a group, research analysts predict that BrightView will post 0.73 EPS for the current year.

Insider Activity at BrightView

In related news, Director William L. Cornog acquired 5,000 shares of the company’s stock in a transaction dated Friday, February 6th. The stock was bought at an average price of $13.46 per share, with a total value of $67,300.00. Following the purchase, the director directly owned 5,000 shares in the company, valued at $67,300. The trade was a ∞ increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 2.80% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Royal Bank of Canada increased its holdings in BrightView by 4.7% in the first quarter. Royal Bank of Canada now owns 699,959 shares of the company’s stock valued at $8,988,000 after buying an additional 31,291 shares during the last quarter. AQR Capital Management LLC boosted its position in BrightView by 75.9% during the 1st quarter. AQR Capital Management LLC now owns 209,995 shares of the company’s stock worth $2,696,000 after acquiring an additional 90,627 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of BrightView by 7.1% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 35,443 shares of the company’s stock worth $455,000 after acquiring an additional 2,349 shares during the period. Millennium Management LLC boosted its stake in BrightView by 54.2% during the 1st quarter. Millennium Management LLC now owns 1,456,682 shares of the company’s stock valued at $18,704,000 after purchasing an additional 512,098 shares in the last quarter. Finally, Goldman Sachs Group Inc. boosted its stake in BrightView by 11.3% during the first quarter. Goldman Sachs Group Inc. now owns 1,658,306 shares of the company’s stock valued at $21,293,000 after buying an additional 167,966 shares in the last quarter. 92.41% of the stock is currently owned by hedge funds and other institutional investors.

BrightView Company Profile

BrightView Inc (NYSE:BV) is a leading commercial landscaping services company in the United States, offering a comprehensive suite of outdoor asset management solutions. The company’s core business activities include landscape maintenance, development and enhancement services tailored to a wide array of clients such as corporate campuses, healthcare facilities, multi-family residential properties, retail centers and municipalities.

BrightView’s service portfolio covers routine grounds maintenance, landscape construction and design-build, irrigation system installation and management, tree care, seasonal color programs and snow and ice management.