BrightView (NYSE:BV) Stock Price Expected to Rise, Morgan Stanley Analyst Says

BrightView (NYSE:BV) had its target price lifted by analysts at Morgan Stanley from $15.00 to $16.00 in a report issued on Thursday,Benzinga reports. The firm currently has an “equal weight” rating on the stock. Morgan Stanley’s price objective would indicate a potential downside of 5.04% from the company’s current price.

A number of other research firms also recently issued reports on BV. Loop Capital increased 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. The Goldman Sachs Group increased their target price on BrightView from $11.30 to $12.90 and gave the stock a “sell” rating in a research report on Friday, November 15th. Robert W. Baird raised their target price on BrightView from $18.00 to $20.00 and gave the company an “outperform” rating in a research note on Thursday, November 14th. BTIG Research started coverage on BrightView in a research note on Monday, December 2nd. They issued a “buy” rating and a $22.00 price target on the stock. Finally, William Blair raised BrightView from a “market perform” rating to an “outperform” rating in a research report on Friday, November 15th. Two analysts have rated the stock with a sell rating, one has given a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $17.11.

BrightView Trading Up 0.2 %

NYSE BV opened at $16.85 on Thursday. The stock has a market cap of $1.60 billion, a P/E ratio of 153.20 and a beta of 1.30. BrightView has a fifty-two week low of $7.75 and a fifty-two week high of $18.89. The stock has a 50 day simple moving average of $16.84 and a two-hundred day simple moving average of $15.21. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.44 and a current ratio of 1.44.

BrightView (NYSE:BV) last announced its quarterly earnings results on Wednesday, November 13th. The company reported $0.30 EPS for the quarter, topping analysts’ consensus estimates of $0.28 by $0.02. The company had revenue of $728.70 million during 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 was down 2.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.14 earnings per share. On average, analysts forecast that BrightView will post 0.75 earnings per share for the current year.

Insider Activity at BrightView

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

Institutional Trading of BrightView

A number of institutional investors and hedge funds have recently modified their holdings of the business. BNP Paribas Financial Markets boosted its position in shares of BrightView by 4.6% during the third quarter. BNP Paribas Financial Markets now owns 24,184 shares of the company’s stock valued at $381,000 after buying an additional 1,056 shares during the last quarter. The Manufacturers Life Insurance Company boosted its holdings in shares of BrightView by 8.7% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 17,896 shares of the company’s stock valued at $238,000 after acquiring an additional 1,431 shares during the last quarter. Creative Planning grew its stake in shares of BrightView by 7.0% in the third quarter. Creative Planning now owns 24,019 shares of the company’s stock worth $378,000 after acquiring an additional 1,564 shares during the period. Price T Rowe Associates Inc. MD grew its stake in shares of BrightView by 8.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 26,941 shares of the company’s stock worth $321,000 after acquiring an additional 2,056 shares during the period. Finally, Los Angeles Capital Management LLC raised its holdings in shares of BrightView by 3.2% during the third quarter. Los Angeles Capital Management LLC now owns 75,524 shares of the company’s stock valued at $1,189,000 after purchasing an additional 2,340 shares during 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.