BrightView (NYSE:BV) Trading 0.5% Higher – Time to Buy?

BrightView Holdings, Inc. (NYSE:BV) shot up 0.5% during mid-day trading on Thursday . The stock traded as high as $14.40 and last traded at $14.3050. 485,921 shares changed hands during mid-day trading, a decline of 37% from the average daily volume of 767,739 shares. The stock had previously closed at $14.24.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. JPMorgan Chase & Co. upgraded BrightView from an “underweight” rating to a “neutral” rating and upped their price objective for the stock from $13.00 to $14.00 in a research note on Thursday, May 7th. Weiss Ratings reissued a “sell (d+)” rating on shares of BrightView in a report on Monday, May 4th. Oppenheimer assumed coverage on shares of BrightView in a research report on Wednesday, June 17th. They set an “outperform” rating and a $17.00 price target for the company. Finally, BTIG Research reaffirmed a “buy” rating and issued a $16.00 price objective on shares of BrightView in a report on Monday, May 11th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $14.52.

BrightView Price Performance

The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.23 and a current ratio of 1.23. The firm has a market capitalization of $1.33 billion, a P/E ratio of -204.36 and a beta of 1.17. The business has a fifty day moving average of $13.02 and a 200-day moving average of $12.84.

BrightView (NYSE:BV) last announced its earnings results on Tuesday, May 5th. The company reported $0.09 earnings per share 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 firm had revenue of $702.90 million for the quarter, compared to the consensus estimate of $638.80 million. During the same quarter in the previous year, the business earned $0.14 EPS. The firm’s revenue for the quarter was up 6.1% on a year-over-year basis. On average, sell-side analysts forecast that BrightView Holdings, Inc. will post 0.56 EPS for the current fiscal year.

Institutional Investors Weigh In On BrightView

Several institutional investors have recently bought and sold shares of BV. Royal Bank of Canada grew its holdings in BrightView by 4.7% during the first quarter. Royal Bank of Canada now owns 699,959 shares of the company’s stock worth $8,988,000 after acquiring an additional 31,291 shares during the period. AQR Capital Management LLC lifted its holdings in BrightView by 75.9% in the 1st quarter. AQR Capital Management LLC now owns 209,995 shares of the company’s stock valued at $2,696,000 after acquiring an additional 90,627 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in BrightView by 7.1% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 35,443 shares of the company’s stock valued at $455,000 after acquiring an additional 2,349 shares during the last quarter. Millennium Management LLC boosted its position in shares of BrightView by 54.2% during the 1st quarter. Millennium Management LLC now owns 1,456,682 shares of the company’s stock valued at $18,704,000 after purchasing an additional 512,098 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its holdings in shares of BrightView by 11.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,658,306 shares of the company’s stock worth $21,293,000 after purchasing an additional 167,966 shares in the last quarter. Institutional investors and hedge funds own 92.41% of the company’s stock.

About BrightView

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.