BrightView (NYSE:BV) Price Target Raised to $12.90 at The Goldman Sachs Group

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

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

BrightView Price Performance

NYSE BV traded down $0.15 on Friday, hitting $15.66. The company had a trading volume of 905,053 shares, compared to its average volume of 623,161. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.45 and a quick ratio of 1.45. The company’s fifty day moving average price is $16.23 and its 200-day moving average price is $14.67. The company has a market capitalization of $1.48 billion, a PE ratio of 142.36 and a beta of 1.28. BrightView has a 12-month low of $6.94 and a 12-month high of $18.89.

BrightView (NYSE:BV) last released its quarterly earnings results on Wednesday, November 13th. The company reported $0.30 earnings per share for the quarter, topping the consensus estimate of $0.28 by $0.02. The firm had revenue of $728.70 million during the quarter, compared to the consensus estimate of $723.01 million. BrightView had a net margin of 2.40% and a return on equity of 7.69%. The company’s revenue for the quarter was down 2.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.14 EPS. As a group, analysts predict that BrightView will post 0.76 earnings per share for the current year.

Institutional Trading of BrightView

Several hedge funds and other institutional investors have recently bought and sold shares of BV. BNP Paribas Financial Markets lifted its holdings in shares of BrightView by 4.6% in the 3rd quarter. BNP Paribas Financial Markets now owns 24,184 shares of the company’s stock worth $381,000 after purchasing an additional 1,056 shares during the last quarter. The Manufacturers Life Insurance Company boosted its stake in BrightView by 8.7% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 17,896 shares of the company’s stock worth $238,000 after purchasing an additional 1,431 shares during the period. Creative Planning lifted its position in shares of BrightView by 7.0% in the third quarter. Creative Planning now owns 24,019 shares of the company’s stock worth $378,000 after purchasing an additional 1,564 shares in the last quarter. Price T Rowe Associates Inc. MD increased its stake in BrightView by 8.3% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 26,941 shares of the company’s stock valued at $321,000 after buying an additional 2,056 shares during the period. Finally, Los Angeles Capital Management LLC increased its stake in shares of BrightView by 3.2% in the third quarter. Los Angeles Capital Management LLC now owns 75,524 shares of the company’s stock worth $1,189,000 after acquiring an additional 2,340 shares during the last quarter. 92.41% of the stock is owned by hedge funds and other institutional investors.

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.