BrightView (NYSE:BV) Upgraded 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.com reports.

Other equities research analysts have also recently issued research reports about the company. Loop Capital upgraded BrightView to a “strong-buy” rating in a report on Tuesday, July 30th. JPMorgan Chase & Co. boosted their price target on BrightView from $11.00 to $14.00 and gave the company an “underweight” rating in a research note on Friday, August 2nd. Jefferies Financial Group upgraded BrightView from a “hold” rating to a “buy” rating and boosted their price target for the company from $13.00 to $17.00 in a research note on Wednesday, August 21st. Morgan Stanley assumed coverage on BrightView in a research note on Thursday, August 22nd. They issued an “equal weight” rating and a $16.00 price target for the company. Finally, The Goldman Sachs Group boosted their price target on BrightView from $10.00 to $11.30 and gave the company a “sell” rating in a research note on Friday, August 2nd. Two investment 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 stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $16.41.

BrightView Stock Performance

Shares of NYSE:BV traded down $0.15 during trading on Friday, reaching $15.66. 905,053 shares of the stock were exchanged, compared to its average volume of 623,161. BrightView has a 12 month low of $6.94 and a 12 month high of $18.89. The firm has a market cap of $1.48 billion, a PE ratio of 142.36 and a beta of 1.28. The stock has a 50-day moving average price of $16.23 and a 200-day moving average price of $14.67. 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 (NYSE:BV) last issued its quarterly earnings data on Wednesday, November 13th. The company reported $0.30 earnings per share (EPS) 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 company had revenue of $728.70 million during the quarter, compared to analysts’ expectations of $723.01 million. During the same quarter in the previous year, the company posted $0.14 earnings per share. The business’s revenue was down 2.0% on a year-over-year basis. Research analysts expect that BrightView will post 0.76 EPS for the current fiscal year.

Institutional Investors Weigh In On BrightView

Several institutional investors and hedge funds have recently added to or reduced their stakes in BV. Sei Investments Co. lifted its stake in BrightView by 6.1% during the first quarter. Sei Investments Co. now owns 238,834 shares of the company’s stock worth $2,842,000 after purchasing an additional 13,756 shares during the last quarter. Russell Investments Group Ltd. increased its holdings in shares of BrightView by 173.7% during the first quarter. Russell Investments Group Ltd. now owns 29,563 shares of the company’s stock worth $352,000 after buying an additional 18,763 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of BrightView by 4.8% during the first quarter. Vanguard Group Inc. now owns 4,031,524 shares of the company’s stock worth $47,975,000 after buying an additional 185,327 shares in the last quarter. Hillsdale Investment Management Inc. increased its holdings in shares of BrightView by 8.6% during the first quarter. Hillsdale Investment Management Inc. now owns 476,000 shares of the company’s stock worth $5,664,000 after buying an additional 37,600 shares in the last quarter. Finally, Roubaix Capital LLC acquired a new position in shares of BrightView during the first quarter worth $3,518,000. 92.41% of the stock is currently owned by institutional investors.

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.