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

BrightView (NYSE:BV) had its price target lifted by stock analysts at Morgan Stanley from $13.00 to $14.00 in a research report issued to clients and investors on Monday,Benzinga reports. The brokerage currently has an “equal weight” rating on the stock. Morgan Stanley’s price objective indicates a potential upside of 3.55% from the company’s previous close.

Other equities research analysts have also recently issued reports about the company. CJS Securities raised BrightView to a “strong-buy” rating in a research report on Thursday, December 11th. Weiss Ratings downgraded shares of BrightView from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, February 4th. JPMorgan Chase & Co. boosted their price objective on shares of BrightView from $12.00 to $13.00 and gave the company an “underweight” rating in a report on Thursday, February 5th. BTIG Research initiated coverage on shares of BrightView in a report on Monday, December 1st. They issued a “buy” rating and a $15.00 target price on the stock. Finally, Robert W. Baird cut their target price on shares of BrightView from $19.00 to $15.00 and set an “outperform” rating for the company in a research report on Thursday, November 20th. Two equities research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, two have assigned a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $14.68.

BrightView Trading Down 1.5%

NYSE:BV opened at $13.52 on Monday. The stock has a market cap of $1.27 billion, a price-to-earnings ratio of -676.00 and a beta of 1.26. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.64. The company’s 50 day moving average price is $13.31 and its 200-day moving average price is $13.20. BrightView has a 52 week low of $11.06 and a 52 week high of $17.10.

BrightView (NYSE:BV) last released its quarterly earnings data on Tuesday, February 3rd. The company reported ($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.01 by ($0.02). The business had revenue of $614.70 million during the quarter, compared to the consensus estimate of $589.91 million. BrightView had a net margin of 1.90% and a return on equity of 7.85%. The business’s revenue was up 2.6% compared to the same quarter last year. During the same period last year, the company posted $0.04 earnings per share. On average, equities research analysts forecast that BrightView will post 0.73 earnings per share for the current fiscal year.

Insider Activity

In related news, Director William L. Cornog acquired 5,000 shares of BrightView stock in a transaction dated Friday, February 6th. The stock was purchased at an average cost of $13.46 per share, for a total transaction of $67,300.00. Following the purchase, the director directly owned 5,000 shares of the company’s stock, valued at approximately $67,300. This trade represents a ∞ increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. 2.80% of the stock is currently owned by insiders.

Institutional Trading of BrightView

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Royal Bank of Canada raised its position in shares of BrightView by 4.7% during the 1st quarter. Royal Bank of Canada now owns 699,959 shares of the company’s stock valued at $8,988,000 after purchasing an additional 31,291 shares during the period. AQR Capital Management LLC raised its holdings in BrightView by 75.9% during the first 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 period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in BrightView by 7.1% during the first 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 period. Millennium Management LLC lifted its position in shares of BrightView by 54.2% in the first quarter. Millennium Management LLC now owns 1,456,682 shares of the company’s stock valued at $18,704,000 after acquiring an additional 512,098 shares in the last quarter. Finally, Goldman Sachs Group Inc. boosted its stake in shares of BrightView by 11.3% in the first quarter. Goldman Sachs Group Inc. now owns 1,658,306 shares of the company’s stock worth $21,293,000 after acquiring an additional 167,966 shares during the period. 92.41% of the stock is owned by hedge funds and other institutional investors.

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.