BrightView (NYSE:BV) Price Target Raised to $12.90

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

A number of other equities analysts have also recently weighed in on the company. JPMorgan Chase & Co. upped their price target on BrightView from $11.00 to $14.00 and gave the stock an “underweight” rating in a report on Friday, August 2nd. Robert W. Baird raised their price target on shares of BrightView from $18.00 to $20.00 and gave the company an “outperform” rating in a report on Thursday, November 14th. Baird R W upgraded shares of BrightView from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 30th. Loop Capital upgraded BrightView to a “strong-buy” rating in a research note on Tuesday, July 30th. Finally, Jefferies Financial Group upgraded BrightView from a “hold” rating to a “buy” rating and boosted their price target for the stock from $13.00 to $17.00 in a research note on Wednesday, August 21st. Two investment analysts have rated the stock with a sell rating, one has given a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $16.41.

BrightView Price Performance

BrightView stock opened at $15.64 on Friday. 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 company has a quick ratio of 1.45, a current ratio of 1.44 and a debt-to-equity ratio of 0.63. The firm has a market capitalization of $1.49 billion, a P/E ratio of 142.19 and a beta of 1.28.

BrightView (NYSE:BV) last released its quarterly earnings data on Wednesday, November 13th. The company reported $0.30 EPS for the quarter, beating the consensus estimate of $0.28 by $0.02. BrightView had a return on equity of 7.65% and a net margin of 2.40%. The company had revenue of $728.70 million for the quarter, compared to analyst estimates of $723.01 million. During the same period last year, the company posted $0.14 earnings per share. The firm’s revenue was down 2.0% compared to the same quarter last year. As a group, analysts predict that BrightView will post 0.76 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the company. Vanguard Group Inc. increased its holdings in shares of BrightView by 4.8% in the 1st quarter. Vanguard Group Inc. now owns 4,031,524 shares of the company’s stock valued at $47,975,000 after acquiring an additional 185,327 shares during the last quarter. 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 worth $41,772,000 after purchasing an additional 695,987 shares during the period. Harvey Partners LLC increased its stake in BrightView by 9.1% during the third 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 raised its holdings in shares of BrightView by 18.2% during the third quarter. Geode Capital Management LLC now owns 1,337,545 shares of the company’s stock worth $21,057,000 after purchasing an additional 206,359 shares during the period. Finally, State Street Corp raised its holdings in shares of BrightView by 17.1% during the third quarter. State Street Corp now owns 1,211,909 shares of the company’s stock worth $19,075,000 after purchasing an additional 177,105 shares during the period. 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.