BrightView (NYSE:BV) Shares Gap Up on Analyst Upgrade

Shares of BrightView Holdings, Inc. (NYSE:BV) gapped up before the market opened on Friday after Loop Capital raised their price target on the stock from $18.00 to $20.00. The stock had previously closed at $15.81, but opened at $16.54. Loop Capital currently has a buy rating on the stock. BrightView shares last traded at $16.23, with a volume of 86,741 shares.

BV has been the topic of several other research reports. Jefferies Financial Group raised shares of BrightView from a “hold” rating to a “buy” rating and boosted their price target for the company from $13.00 to $17.00 in a report on Wednesday, August 21st. Baird R W raised shares of BrightView from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 30th. Morgan Stanley started coverage on shares of BrightView in a report on Thursday, August 22nd. They issued an “equal weight” rating and a $16.00 price target on the stock. 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 report on Friday, August 2nd. Finally, William Blair upgraded shares of BrightView from a “market perform” rating to an “outperform” rating in a research note on Friday. Two research analysts have rated the stock with a sell rating, one has given a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, BrightView presently has an average rating of “Moderate Buy” and a consensus target price of $16.41.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. &PARTNERS acquired a new position in BrightView during the 2nd quarter worth about $1,497,000. Thompson Siegel & Walmsley LLC acquired a new position in BrightView during the 2nd quarter valued at about $560,000. Driehaus Capital Management LLC acquired a new position in BrightView during the 2nd quarter valued at about $13,086,000. Kennedy Capital Management LLC acquired a new position in BrightView during the 1st quarter valued at about $6,673,000. Finally, Anchor Capital Advisors LLC acquired a new position in BrightView during the 2nd quarter valued at about $626,000. Institutional investors and hedge funds own 92.41% of the company’s stock.

BrightView Trading Down 0.9 %

The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.64. The company has a market capitalization of $1.48 billion, a P/E ratio of 142.36 and a beta of 1.28. The business has a 50 day moving average price of $16.23 and a 200 day moving average price of $14.69.

BrightView (NYSE:BV) last announced its quarterly earnings results on Wednesday, November 13th. The company reported $0.30 EPS for the quarter, beating analysts’ consensus estimates of $0.28 by $0.02. The company had revenue of $728.70 million during the quarter, compared to analysts’ expectations of $723.01 million. BrightView had a return on equity of 7.69% and a net margin of 2.40%. BrightView’s revenue was down 2.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.14 EPS. Analysts anticipate that BrightView Holdings, Inc. will post 0.76 EPS for the current year.

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.