BrightView (NYSE:BV) Coverage Initiated by Analysts at Oppenheimer

Investment analysts at Oppenheimer began coverage on shares of BrightView (NYSE:BV) in a report issued on Wednesday, Marketbeat reports. The brokerage set an “outperform” rating and a $17.00 price target on the stock. Oppenheimer’s price objective suggests a potential upside of 33.60% from the stock’s previous close.

Other research analysts also recently issued reports about the company. JPMorgan Chase & Co. raised BrightView from an “underweight” rating to a “neutral” rating and upped their price target for the stock from $13.00 to $14.00 in a research note on Thursday, May 7th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of BrightView in a research note on Monday, May 4th. BTIG Research reaffirmed a “buy” rating and set a $16.00 price target on shares of BrightView in a research note on Monday, May 11th. Finally, Morgan Stanley upped their price target on BrightView from $13.00 to $14.00 and gave the stock an “equal weight” rating in a research note on Monday, March 2nd. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $15.30.

BrightView Stock Down 0.3%

Shares of BrightView stock opened at $12.73 on Wednesday. BrightView has a one year low of $11.06 and a one year high of $17.10. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.23 and a quick ratio of 1.23. The stock’s 50-day moving average is $12.39 and its 200 day moving average is $12.69. The firm has a market cap of $1.19 billion, a price-to-earnings ratio of -181.79 and a beta of 1.19.

BrightView (NYSE:BV) last announced its earnings results on Tuesday, May 5th. The company reported $0.09 EPS for the quarter, beating the consensus estimate of $0.08 by $0.01. BrightView had a return on equity of 7.25% and a net margin of 1.70%.The company had revenue of $702.90 million for the quarter, compared to analyst estimates of $638.80 million. During the same quarter in the prior year, the company earned $0.14 EPS. The firm’s revenue for the quarter was up 6.1% compared to the same quarter last year. Equities research analysts anticipate that BrightView will post 0.57 EPS for the current year.

Institutional Trading of BrightView

Several institutional investors and hedge funds have recently modified their holdings of the stock. ProShare Advisors LLC raised its stake in shares of BrightView by 6.9% in the fourth quarter. ProShare Advisors LLC now owns 13,138 shares of the company’s stock worth $166,000 after purchasing an additional 848 shares during the last quarter. Creative Planning raised its stake in shares of BrightView by 3.9% in the second quarter. Creative Planning now owns 22,841 shares of the company’s stock worth $380,000 after purchasing an additional 858 shares during the last quarter. Redmond Asset Management LLC raised its stake in shares of BrightView by 0.5% in the third quarter. Redmond Asset Management LLC now owns 172,478 shares of the company’s stock worth $2,311,000 after purchasing an additional 871 shares during the last quarter. Rhumbline Advisers raised its stake in shares of BrightView by 1.9% in the third quarter. Rhumbline Advisers now owns 94,158 shares of the company’s stock worth $1,262,000 after purchasing an additional 1,733 shares during the last quarter. Finally, Swiss National Bank raised its stake in shares of BrightView by 1.3% in the fourth quarter. Swiss National Bank now owns 140,400 shares of the company’s stock worth $1,779,000 after purchasing an additional 1,800 shares during the last quarter. 92.41% of the stock is owned by hedge funds and other institutional investors.

BrightView Company Profile

BrightView Inc (NYSE:BV) is a leading commercial landscaping services company in the United States, offering a comprehensive suite of outdoor asset management solutions. The company’s core business activities include landscape maintenance, development and enhancement services tailored to a wide array of clients such as corporate campuses, healthcare facilities, multi-family residential properties, retail centers and municipalities.

BrightView’s service portfolio covers routine grounds maintenance, landscape construction and design-build, irrigation system installation and management, tree care, seasonal color programs and snow and ice management.