Loop Capital Issues Positive Forecast for BrightView (NYSE:BV) Stock Price

BrightView (NYSE:BV) had its target price lifted by Loop Capital from $18.00 to $20.00 in a research report report published on Friday,Benzinga reports. The firm currently has a buy rating on the stock.

A number of other brokerages also recently weighed in on BV. William Blair raised shares of BrightView from a “market perform” rating to an “outperform” rating in a report on Friday. The Goldman Sachs Group lifted their price target on shares of BrightView from $11.30 to $12.90 and gave the stock a “sell” rating in a research report on Friday. Jefferies Financial Group raised BrightView from a “hold” rating to a “buy” rating and upped their price target for the company from $13.00 to $17.00 in a report on Wednesday, August 21st. Robert W. Baird raised their price objective on BrightView from $18.00 to $20.00 and gave the stock an “outperform” rating in a research note on Thursday. Finally, Morgan Stanley began coverage on BrightView in a research report on Thursday, August 22nd. They set an “equal weight” rating and a $16.00 target price on the stock. Two analysts have rated the stock with a sell rating, one has assigned a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $16.41.

BrightView Price Performance

Shares of BV stock traded down $0.15 during midday trading on Friday, reaching $15.66. 905,053 shares of the company were exchanged, compared to its average volume of 623,161. The company’s 50 day moving average price is $16.23 and its two-hundred day moving average price is $14.67. The company has a market cap of $1.48 billion, a P/E 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. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.45 and a current ratio of 1.45.

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

Institutional Investors Weigh In On BrightView

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Millburn Ridgefield Corp purchased a new stake in shares of BrightView during the third quarter worth $45,000. Innealta Capital LLC purchased a new stake in shares of BrightView during the 2nd quarter worth about $102,000. FMR LLC lifted its holdings in shares of BrightView by 293.4% during the 3rd quarter. FMR LLC now owns 6,884 shares of the company’s stock valued at $108,000 after buying an additional 5,134 shares during the last quarter. Kathmere Capital Management LLC acquired a new position in BrightView in the second quarter worth approximately $133,000. Finally, Quest Partners LLC bought a new position in BrightView during the third quarter valued at approximately $153,000. 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.