BrightView (NYSE:BV) Given New $11.00 Price Target at JPMorgan Chase & Co.

BrightView (NYSE:BV) had its target price lowered by equities researchers at JPMorgan Chase & Co. from $12.00 to $11.00 in a research note issued to investors on Thursday, Benzinga reports. The firm currently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s target price suggests a potential upside of 9.56% from the company’s previous close.

BV has been the topic of a number of other reports. Wall Street Zen downgraded shares of BrightView from a “hold” rating to a “sell” rating in a research report on Saturday, November 7th. Zacks Research raised shares of BrightView from a “strong sell” rating to a “hold” rating in a research note on Monday, October 5th. Weiss Ratings reiterated a “sell (d+)” rating on shares of BrightView in a research report on Thursday, October 29th. Morgan Stanley dropped their price target on shares of BrightView from $12.50 to $11.50 and set an “equal weight” rating for the company in a research note on Tuesday, October 13th. Finally, Robert W. Baird cut their price objective on shares of BrightView from $14.00 to $12.00 and set an “outperform” rating on the stock in a report on Wednesday. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, three have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $13.10.

BrightView Stock Up 1.7%

NYSE BV opened at $10.04 on Thursday. The firm has a market cap of $935.73 million, a PE ratio of -26.30, a price-to-earnings-growth ratio of 1.47 and a beta of 1.16. BrightView has a one year low of $9.52 and a one year high of $15.00. The stock’s 50 day simple moving average is $10.84 and its 200 day simple moving average is $12.26. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.28 and a quick ratio of 1.28.

BrightView (NYSE:BV) last posted its quarterly earnings data on Tuesday, November 10th. The company reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.26 by ($0.08). The company had revenue of $677.30 million during the quarter, compared to analyst estimates of $723.76 million. BrightView had a net margin of 0.03% and a return on equity of 3.85%. The company’s revenue was down 3.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.27 EPS. As a group, sell-side analysts forecast that BrightView will post 0.52 earnings per share for the current fiscal year.

Institutional Investors Weigh In On BrightView

A number of institutional investors have recently made changes to their positions in the stock. Ieq Capital LLC acquired a new position in BrightView in the third quarter valued at about $419,000. First Eagle Investment Management LLC bought a new position in BrightView during the third quarter worth about $2,451,000. Edgestream Partners L.P. bought a new position in BrightView during the third quarter worth about $128,000. Royce & Associates LP grew its position in shares of BrightView by 25.2% during the 3rd quarter. Royce & Associates LP now owns 1,892,503 shares of the company’s stock worth $18,925,000 after buying an additional 381,505 shares during the period. Finally, Gagnon Advisors LLC acquired a new position in shares of BrightView during the 3rd quarter worth about $3,865,000. 92.41% of the stock is owned by institutional investors and hedge funds.

Recent BrightView Headlines

Investors following BV have been watching these headlines:

• Neutral Sentiment: Maintenance revenue growth provided some offset to a roughly 17.8% decline in Development Services revenue. BrightView investigation notice
• Negative Sentiment: Fiscal Q4 adjusted EPS of $0.18 missed estimates of about $0.25–$0.26. Revenue of $677.3 million was below analysts’ expectations and down 3.6% year over year; reported results also showed weaker profitability. BrightView Q4 earnings and revenue miss
• Negative Sentiment: BrightView’s fiscal 2027 revenue guidance of $2.5 billion–$2.7 billion came in below the roughly $2.8 billion consensus, raising concerns about the pace of growth. BTIG also lowered its price target to $12. BrightView earnings and outlook

BrightView Company Profile

BrightView Holdings, Inc. provides commercial landscaping services in the United States. Its services include landscape maintenance, design and development, enhancements, and tree care for properties such as corporate campuses, residential communities, and public spaces. The company also provides snow and ice management and related services to help clients maintain their properties throughout the year. BrightView was formed in 2014 through the combination of landscaping businesses Brickman and ValleyCrest.