BTIG Research Begins Coverage on BrightView (NYSE:BV)

Stock analysts at BTIG Research started coverage on shares of BrightView (NYSE:BV) in a research report issued to clients and investors on Monday,Briefing.com Automated Import reports. The brokerage set a “buy” rating and a $22.00 price target on the stock. BTIG Research’s price objective indicates a potential upside of 28.65% from the company’s previous close.

BV has been the subject of several other research reports. Loop Capital boosted their price target on shares of BrightView from $18.00 to $20.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. Morgan Stanley initiated coverage on shares of BrightView in a research report on Thursday, August 22nd. They set an “equal weight” rating and a $16.00 target price for the company. Jefferies Financial Group upgraded BrightView from a “hold” rating to a “buy” rating and raised their price target for the stock from $13.00 to $17.00 in a research report on Wednesday, August 21st. The Goldman Sachs Group upped their price objective on BrightView from $11.30 to $12.90 and gave the company a “sell” rating in a report on Friday, November 15th. Finally, Robert W. Baird raised their target price on BrightView from $18.00 to $20.00 and gave the stock an “outperform” rating in a report on Thursday, November 14th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $17.11.

BrightView Stock Up 0.8 %

NYSE:BV opened at $17.10 on Monday. The company has a market cap of $1.62 billion, a price-to-earnings ratio of 155.45 and a beta of 1.28. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.44 and a current ratio of 1.44. The stock’s fifty day moving average price is $16.51 and its two-hundred day moving average price is $14.99. BrightView has a 52-week low of $7.53 and a 52-week high of $18.89.

BrightView (NYSE:BV) last issued its quarterly 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 business had revenue of $728.70 million for the quarter, compared to analyst estimates of $723.01 million. BrightView had a return on equity of 7.65% and a net margin of 2.40%. The firm’s revenue for the quarter was down 2.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.14 earnings per share. On average, analysts anticipate that BrightView will post 0.75 EPS for the current year.

Insider Activity

In other news, EVP Jonathan Mark Gottsegen sold 29,658 shares of the stock in a transaction on Friday, November 15th. The shares were sold at an average price of $16.06, for a total transaction of $476,307.48. Following the completion of the sale, the executive vice president now owns 100,354 shares of the company’s stock, valued at $1,611,685.24. This represents a 22.81 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.40% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On BrightView

Several institutional investors have recently added to or reduced their stakes in BV. Driehaus Capital Management LLC acquired a new position in BrightView during the 2nd quarter worth approximately $13,086,000. Allspring Global Investments Holdings LLC acquired a new position in BrightView during the second quarter worth $9,857,000. Dimensional Fund Advisors LP grew its position in BrightView by 28.5% in the second quarter. Dimensional Fund Advisors LP now owns 3,140,676 shares of the company’s stock valued at $41,772,000 after purchasing an additional 695,987 shares in the last quarter. Harbor Capital Advisors Inc. increased its stake in BrightView by 150.5% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 632,394 shares of the company’s stock valued at $9,954,000 after buying an additional 379,916 shares during the last quarter. Finally, Thompson Siegel & Walmsley LLC lifted its position in BrightView by 704.9% during the 3rd quarter. Thompson Siegel & Walmsley LLC now owns 339,054 shares of the company’s stock worth $5,337,000 after buying an additional 296,931 shares in the last quarter. 92.41% of the stock is owned by institutional investors.

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.