BrightView (NYSE:BV) Given New $12.90 Price Target at The Goldman Sachs Group

BrightView (NYSE:BV) had its price objective hoisted by The Goldman Sachs Group from $11.30 to $12.90 in a research report report published on Friday,Benzinga reports. They currently have a sell rating on the stock.

Other analysts also recently issued reports about the stock. Robert W. Baird lifted their price objective on shares of BrightView from $18.00 to $20.00 and gave the stock an “outperform” rating in a report on Thursday. Jefferies Financial Group upgraded BrightView from a “hold” rating to a “buy” rating and raised their target price for the company from $13.00 to $17.00 in a research note on Wednesday, August 21st. Morgan Stanley began coverage on shares of BrightView in a research report on Thursday, August 22nd. They set an “equal weight” rating and a $16.00 price target for the company. William Blair upgraded BrightView from a “market perform” rating to an “outperform” rating in a research note on Friday. Finally, Baird R W raised shares of BrightView from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 30th. Two analysts have rated the stock with a sell rating, one has issued a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $16.41.

BrightView Stock Down 0.9 %

Shares of NYSE:BV traded down $0.15 during mid-day trading on Friday, hitting $15.66. 905,053 shares of the company traded hands, compared to its average volume of 623,161. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.64. The stock has a 50-day moving average price of $16.23 and a two-hundred day moving average price of $14.67. BrightView has a 12-month low of $6.94 and a 12-month high of $18.89. The stock has a market cap of $1.48 billion, a P/E ratio of 142.36 and a beta of 1.28.

BrightView (NYSE:BV) last issued its earnings results on Wednesday, November 13th. The company reported $0.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.28 by $0.02. The firm had revenue of $728.70 million for 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%. The business’s revenue was down 2.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.14 earnings per share. On average, equities research analysts forecast that BrightView will post 0.76 earnings per share for the current year.

Institutional Investors Weigh In On BrightView

Several large investors have recently modified their holdings of BV. Geode Capital Management LLC grew its holdings in BrightView by 18.2% in the third quarter. Geode Capital Management LLC now owns 1,337,545 shares of the company’s stock worth $21,057,000 after purchasing an additional 206,359 shares during the last quarter. Barclays PLC raised its position in shares of BrightView by 133.6% in the 3rd quarter. Barclays PLC now owns 111,969 shares of the company’s stock valued at $1,762,000 after purchasing an additional 64,035 shares during the last quarter. Y Intercept Hong Kong Ltd acquired a new stake in BrightView in the 3rd quarter worth approximately $302,000. XTX Topco Ltd purchased a new stake in BrightView during the 3rd quarter worth approximately $184,000. Finally, State Street Corp increased its stake in BrightView by 17.1% during the 3rd quarter. State Street Corp now owns 1,211,909 shares of the company’s stock valued at $19,075,000 after purchasing an additional 177,105 shares in the last quarter. Institutional investors own 92.41% of the company’s stock.

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.