BrightView (NYSE:BV) Price Target Raised to $14.00

BrightView (NYSE:BV) had its price objective raised by stock analysts at Morgan Stanley from $13.00 to $14.00 in a research note issued on Monday,Benzinga reports. The brokerage presently has an “equal weight” rating on the stock. Morgan Stanley’s price objective would suggest a potential upside of 2.37% from the stock’s previous close.

BV has been the topic of several other reports. JPMorgan Chase & Co. upped their target price on BrightView from $12.00 to $13.00 and gave the stock an “underweight” rating in a research report on Thursday, February 5th. CJS Securities raised shares of BrightView to a “strong-buy” rating in a research report on Thursday, December 11th. Weiss Ratings cut shares of BrightView from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, February 4th. The Goldman Sachs Group restated a “sell” rating and set a $11.10 price target on shares of BrightView in a research note on Monday, February 9th. Finally, BTIG Research assumed coverage on shares of BrightView in a report on Monday, December 1st. They set a “buy” rating and a $15.00 price target on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, two have given a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $14.68.

BrightView Stock Down 0.8%

Shares of BV traded down $0.11 during mid-day trading on Monday, reaching $13.68. The company’s stock had a trading volume of 70,742 shares, compared to its average volume of 581,593. The company has a market cap of $1.29 billion, a price-to-earnings ratio of -685.50 and a beta of 1.25. The business has a fifty day moving average of $13.27 and a 200 day moving average of $13.21. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.64. BrightView has a 1 year low of $11.06 and a 1 year high of $17.10.

BrightView (NYSE:BV) last posted its quarterly earnings results on Tuesday, February 3rd. The company reported ($0.01) EPS for the quarter, missing the consensus estimate of $0.01 by ($0.02). The company had revenue of $614.70 million for the quarter, compared to analyst estimates of $589.91 million. BrightView had a return on equity of 7.85% and a net margin of 1.90%.The business’s revenue for the quarter was up 2.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.04 earnings per share. As a group, analysts forecast that BrightView will post 0.73 earnings per share for the current fiscal year.

Insider Activity

In other news, Director William L. Cornog bought 5,000 shares of the stock in a transaction that occurred on Friday, February 6th. The shares were acquired at an average cost of $13.46 per share, for a total transaction of $67,300.00. Following the purchase, the director owned 5,000 shares of the company’s stock, valued at $67,300. This represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 2.80% of the company’s stock.

Hedge Funds Weigh In On BrightView

Institutional investors and hedge funds have recently bought and sold shares of the stock. Dimensional Fund Advisors LP increased its stake in BrightView by 3.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 5,076,380 shares of the company’s stock valued at $64,318,000 after acquiring an additional 155,059 shares during the period. Van Berkom & Associates Inc. grew its stake in shares of BrightView by 6.6% in the 4th quarter. Van Berkom & Associates Inc. now owns 4,858,860 shares of the company’s stock valued at $61,562,000 after purchasing an additional 300,982 shares during the period. Cooke & Bieler LP raised its holdings in shares of BrightView by 2.3% in the 4th quarter. Cooke & Bieler LP now owns 3,648,496 shares of the company’s stock worth $46,226,000 after buying an additional 80,446 shares in the last quarter. Harvey Partners LLC lifted its position in shares of BrightView by 5.0% during the 3rd quarter. Harvey Partners LLC now owns 2,949,000 shares of the company’s stock worth $39,517,000 after buying an additional 141,000 shares during the period. Finally, Boston Partners boosted its stake in BrightView by 106.1% in the 2nd quarter. Boston Partners now owns 2,079,487 shares of the company’s stock valued at $34,622,000 after buying an additional 1,070,339 shares in the last quarter. Institutional investors own 92.41% of the company’s stock.

About BrightView

BrightView Inc (NYSE:BV) is a leading commercial landscaping services company in the United States, offering a comprehensive suite of outdoor asset management solutions. The company’s core business activities include landscape maintenance, development and enhancement services tailored to a wide array of clients such as corporate campuses, healthcare facilities, multi-family residential properties, retail centers and municipalities.

BrightView’s service portfolio covers routine grounds maintenance, landscape construction and design-build, irrigation system installation and management, tree care, seasonal color programs and snow and ice management.