BrightView (NYSE:BV) PT Raised to $13.00

BrightView (NYSE:BV) had its price target upped by Robert W. Baird from $8.50 to $13.00 in a research note published on Thursday morning, Benzinga reports. They currently have a neutral rating on the stock.

A number of other analysts have also commented on BV. Jefferies Financial Group reiterated a hold rating and issued a $9.00 price objective on shares of BrightView in a research report on Monday, March 4th. Craig Hallum initiated coverage on shares of BrightView in a research report on Monday, March 4th. They set a buy rating and a $15.00 price target for the company. Finally, The Goldman Sachs Group reissued a sell rating and set a $10.00 price target (up from $8.00) on shares of BrightView in a research note on Thursday, April 4th.

BrightView Trading Up 1.0 %

Shares of NYSE BV opened at $12.66 on Thursday. BrightView has a 1-year low of $5.17 and a 1-year high of $12.91. The company has a current ratio of 1.67, a quick ratio of 1.64 and a debt-to-equity ratio of 0.71. The company has a 50-day moving average of $10.86 and a two-hundred day moving average of $8.99. The company has a market cap of $1.20 billion, a PE ratio of 63.30 and a beta of 1.22.

BrightView (NYSE:BV) last posted its quarterly earnings data on Wednesday, May 1st. The company reported $0.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.07 by $0.04. The firm had revenue of $672.90 million for the quarter, compared to the consensus estimate of $683.80 million. BrightView had a return on equity of 5.78% and a net margin of 1.80%. The business’s revenue for the quarter was up 3.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.12) EPS. As a group, equities analysts expect that BrightView will post 0.59 earnings per share for the current fiscal year.

Hedge Funds Weigh In On BrightView

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Charles Schwab Investment Management Inc. raised its position in shares of BrightView by 8.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,045,235 shares of the company’s stock valued at $8,101,000 after acquiring an additional 78,608 shares during the period. HighTower Advisors LLC raised its holdings in BrightView by 5.9% in the third quarter. HighTower Advisors LLC now owns 143,370 shares of the company’s stock worth $1,111,000 after purchasing an additional 7,929 shares during the period. Vanguard Group Inc. boosted its position in shares of BrightView by 0.3% during the third quarter. Vanguard Group Inc. now owns 4,016,470 shares of the company’s stock worth $31,128,000 after purchasing an additional 13,768 shares in the last quarter. Barclays PLC grew its holdings in shares of BrightView by 15.6% in the 3rd quarter. Barclays PLC now owns 55,835 shares of the company’s stock valued at $432,000 after buying an additional 7,514 shares during the period. Finally, State Board of Administration of Florida Retirement System increased its position in shares of BrightView by 48.5% in the 3rd quarter. State Board of Administration of Florida Retirement System now owns 17,443 shares of the company’s stock valued at $135,000 after buying an additional 5,693 shares in the last quarter. 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.