BrightView (NYSE:BV) Raised to Outperform at William Blair

William Blair upgraded shares of BrightView (NYSE:BV) from a market perform rating to an outperform rating in a research note released on Friday morning, Marketbeat reports.

BV has been the subject of a number of other reports. The Goldman Sachs Group increased their price objective on BrightView from $10.00 to $11.30 and gave the company a “sell” rating in a report on Friday, August 2nd. Robert W. Baird increased their price objective on BrightView from $18.00 to $20.00 and gave the company an “outperform” rating in a report on Thursday. JPMorgan Chase & Co. increased their price objective on BrightView from $11.00 to $14.00 and gave the company an “underweight” rating in a report on Friday, August 2nd. Jefferies Financial Group upgraded BrightView from a “hold” rating to a “buy” rating and increased their price objective for the company from $13.00 to $17.00 in a report on Wednesday, August 21st. Finally, Baird R W raised shares of BrightView from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 30th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, BrightView presently has an average rating of “Moderate Buy” and an average target price of $16.41.

BrightView Price Performance

Shares of NYSE:BV traded down $0.15 during trading on Friday, hitting $15.66. 905,053 shares of the company were exchanged, compared to its average volume of 623,161. The business’s 50 day moving average is $16.23 and its 200-day moving average is $14.67. The company has a market capitalization of $1.48 billion, a P/E ratio of 142.36 and a beta of 1.28. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.64. BrightView has a 1-year low of $6.94 and a 1-year high of $18.89.

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

Hedge Funds Weigh In On BrightView

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. BNP Paribas Financial Markets boosted its position in shares of BrightView by 4.6% during 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 in the last quarter. The Manufacturers Life Insurance Company lifted its position in BrightView by 8.7% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 17,896 shares of the company’s stock valued at $238,000 after acquiring an additional 1,431 shares in the last quarter. Creative Planning lifted its position in BrightView by 7.0% in the 3rd quarter. Creative Planning now owns 24,019 shares of the company’s stock valued at $378,000 after acquiring an additional 1,564 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its position 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 acquiring an additional 2,056 shares in the last quarter. Finally, Los Angeles Capital Management LLC lifted its position in BrightView by 3.2% in the 3rd quarter. Los Angeles Capital Management LLC now owns 75,524 shares of the company’s stock valued at $1,189,000 after acquiring an additional 2,340 shares in the last quarter. 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.