Loop Capital Forecasts Strong Price Appreciation for BrightView (NYSE:BV) Stock

BrightView (NYSE:BV) had its price objective raised by Loop Capital from $18.00 to $20.00 in a research note released on Friday morning,Benzinga reports. They currently have a buy rating on the stock.

A number of other analysts have also issued reports on BV. Jefferies Financial Group raised 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 note on Wednesday, August 21st. JPMorgan Chase & Co. raised their target price on shares of BrightView from $11.00 to $14.00 and gave the stock an “underweight” rating in a research report on Friday, August 2nd. Robert W. Baird upped their price target on shares of BrightView from $18.00 to $20.00 and gave the stock an “outperform” rating in a research report on Thursday. Baird R W raised shares of BrightView from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 30th. Finally, The Goldman Sachs Group boosted their price objective on shares of BrightView from $11.30 to $12.90 and gave the company a “sell” rating in a research note on Friday. Two analysts have rated the stock with a sell rating, one has issued a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $16.41.

BrightView Stock Performance

Shares of BV opened at $15.66 on Friday. BrightView has a 1 year low of $6.94 and a 1 year high of $18.89. The company’s 50 day simple moving average is $16.23 and its 200 day simple moving average is $14.72. The company has a market capitalization of $1.49 billion, a price-to-earnings ratio of 142.38 and a beta of 1.28. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.45 and a current ratio of 1.44.

BrightView (NYSE:BV) last issued its quarterly earnings results on Wednesday, November 13th. The company reported $0.30 earnings per share for the quarter, topping analysts’ consensus estimates of $0.28 by $0.02. The company 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 business’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 company posted $0.14 EPS. On average, sell-side analysts predict that BrightView will post 0.76 EPS for the current year.

Institutional Investors Weigh In On BrightView

Several large investors have recently made changes to their positions in BV. Millburn Ridgefield Corp purchased a new stake in shares of BrightView in the third quarter worth about $45,000. FMR LLC boosted its holdings in BrightView by 293.4% in the 3rd quarter. FMR LLC now owns 6,884 shares of the company’s stock worth $108,000 after acquiring an additional 5,134 shares during the period. Innealta Capital LLC acquired a new stake in BrightView in the second quarter valued at approximately $102,000. Quest Partners LLC purchased a new stake in shares of BrightView during the third quarter valued at approximately $153,000. Finally, Kathmere Capital Management LLC acquired a new position in shares of BrightView during the second quarter worth $133,000. Institutional investors and hedge funds 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.