BrightView (NYSE:BV) Upgraded at William Blair

BrightView (NYSE:BV) was upgraded by William Blair from a “market perform” rating to an “outperform” rating in a research note issued to investors on Friday, MarketBeat reports.

A number of other research analysts also recently issued reports on BV. The Goldman Sachs Group boosted their price objective on BrightView from $10.00 to $11.30 and gave the company a “sell” rating in a research note on Friday, August 2nd. Jefferies Financial Group raised shares of BrightView from a “hold” rating to a “buy” rating and increased their price objective for the stock from $13.00 to $17.00 in a research note on Wednesday, August 21st. Morgan Stanley initiated coverage on shares of BrightView in a research report on Thursday, August 22nd. They set an “equal weight” rating and a $16.00 price objective on the stock. JPMorgan Chase & Co. upped their target price on shares of BrightView from $11.00 to $14.00 and gave the stock an “underweight” rating in a report on Friday, August 2nd. Finally, Loop Capital raised BrightView to a “strong-buy” rating in a report on Tuesday, July 30th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $16.41.

BrightView Stock Performance

Shares of NYSE BV opened at $15.66 on Friday. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.64. BrightView has a 12-month low of $6.94 and a 12-month high of $18.89. The firm has a market capitalization of $1.48 billion, a price-to-earnings ratio of 142.36 and a beta of 1.28. The firm has a 50 day moving average of $16.23 and a 200 day moving average of $14.69.

BrightView (NYSE:BV) last posted its quarterly earnings data on Wednesday, November 13th. The company reported $0.30 EPS 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 analyst estimates of $723.01 million. BrightView had a return on equity of 7.69% and a net margin of 2.40%. BrightView’s revenue was down 2.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.14 EPS. On average, research analysts anticipate that BrightView will post 0.76 earnings per share for the current year.

Institutional Trading of BrightView

Hedge funds have recently bought and sold shares of the stock. Millburn Ridgefield Corp purchased a new stake in shares of BrightView during the 3rd quarter worth approximately $45,000. FMR LLC increased its position in BrightView by 293.4% in the third quarter. FMR LLC now owns 6,884 shares of the company’s stock worth $108,000 after purchasing an additional 5,134 shares during the last quarter. Innealta Capital LLC purchased a new stake in BrightView during the second quarter valued at $102,000. Quest Partners LLC bought a new position in BrightView during the third quarter valued at $153,000. Finally, Kathmere Capital Management LLC purchased a new position in shares of BrightView in the 2nd quarter worth $133,000. Hedge funds and other 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.