BrightView (NYSE:BV) Shares Gap Up After Analyst Upgrade

BrightView Holdings, Inc. (NYSE:BV)’s stock price gapped up prior to trading on Friday after The Goldman Sachs Group raised their price target on the stock from $11.30 to $12.90. The stock had previously closed at $15.81, but opened at $16.54. The Goldman Sachs Group currently has a sell rating on the stock. BrightView shares last traded at $16.23, with a volume of 86,741 shares.

Several other equities research analysts have also weighed in on BV. William Blair upgraded BrightView from a “market perform” rating to an “outperform” rating in a report on Friday. Morgan Stanley started coverage on shares of BrightView in a research report on Thursday, August 22nd. They issued an “equal weight” rating and a $16.00 price target on the stock. Loop Capital raised shares of BrightView to a “strong-buy” rating in a report on Tuesday, July 30th. Baird R W upgraded shares of BrightView from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 30th. Finally, JPMorgan Chase & Co. boosted their target price on shares of BrightView from $11.00 to $14.00 and gave the stock an “underweight” rating in a research report on Friday, August 2nd. Two analysts have rated the stock with a sell rating, one has assigned a hold rating, four have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $16.13.

Institutional Trading of BrightView

Hedge funds have recently bought and sold shares of the stock. BNP Paribas Financial Markets increased its position in shares of BrightView by 4.6% during the third quarter. BNP Paribas Financial Markets now owns 24,184 shares of the company’s stock valued at $381,000 after purchasing an additional 1,056 shares during the period. The Manufacturers Life Insurance Company boosted its stake in BrightView by 8.7% during the second quarter. The Manufacturers Life Insurance Company now owns 17,896 shares of the company’s stock worth $238,000 after buying an additional 1,431 shares in the last quarter. Creative Planning increased its holdings 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 buying an additional 1,564 shares during the period. Price T Rowe Associates Inc. MD raised its stake in shares of 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 in the last quarter. Finally, Los Angeles Capital Management LLC lifted its holdings in shares of BrightView by 3.2% during the 3rd 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 period. 92.41% of the stock is owned by institutional investors.

BrightView Stock Performance

The firm has a market capitalization of $1.54 billion, a price-to-earnings ratio of 143.74 and a beta of 1.28. The firm’s 50-day moving average price is $16.21 and its two-hundred day moving average price is $14.64. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.45 and a current ratio of 1.45.

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.