Robert W. Baird Forecasts Strong Price Appreciation for BrightView (NYSE:BV) Stock

BrightView (NYSE:BV) had its price target raised by Robert W. Baird from $18.00 to $20.00 in a research report released on Thursday,Benzinga reports. They currently have an outperform rating on the stock.

A number of other equities analysts have also recently weighed in on the company. Jefferies Financial Group raised BrightView from a “hold” rating to a “buy” rating and raised their price objective for the company from $13.00 to $17.00 in a report on Wednesday, August 21st. The Goldman Sachs Group boosted their price objective on shares of BrightView from $10.00 to $11.30 and gave the stock a “sell” rating in a report on Friday, August 2nd. Baird R W raised shares of BrightView from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 30th. Loop Capital raised shares of BrightView to a “strong-buy” rating in a research note on Tuesday, July 30th. Finally, Morgan Stanley initiated coverage on BrightView in a research note on Thursday, August 22nd. They set an “equal weight” rating and a $16.00 price objective on the stock. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $16.41.

BrightView Trading Down 0.9 %

Shares of BrightView stock opened at $15.66 on Thursday. The company has a 50 day simple moving average of $16.23 and a two-hundred day simple moving average of $14.72. The firm has a market cap of $1.49 billion, a PE ratio of 142.38 and a beta of 1.28. BrightView has a 1 year low of $6.94 and a 1 year high of $18.89. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.44 and a quick ratio of 1.45.

BrightView (NYSE:BV) last announced its 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. The company had revenue of $728.70 million during the quarter, compared to analyst estimates of $723.01 million. BrightView had a net margin of 2.40% and a return on equity of 7.65%. The firm’s quarterly revenue was down 2.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.14 earnings per share. Analysts expect that BrightView will post 0.76 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of BV. Driehaus Capital Management LLC bought a new stake in shares of BrightView in the 2nd quarter worth approximately $13,086,000. Allspring Global Investments Holdings LLC purchased a new stake in BrightView in the second quarter worth $9,857,000. Dimensional Fund Advisors LP boosted its holdings in BrightView by 28.5% in the second quarter. Dimensional Fund Advisors LP now owns 3,140,676 shares of the company’s stock valued at $41,772,000 after acquiring an additional 695,987 shares in the last quarter. Kennedy Capital Management LLC purchased a new position in BrightView during the 1st quarter valued at $6,673,000. Finally, Harbor Capital Advisors Inc. raised its holdings in BrightView by 150.5% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 632,394 shares of the company’s stock worth $9,954,000 after purchasing an additional 379,916 shares in the last quarter. Hedge funds and other institutional investors own 92.41% of the company’s stock.

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.