JPMorgan Chase & Co. Increases BrightView (NYSE:BV) Price Target to $13.00

BrightView (NYSE:BV) had its target price lifted by analysts at JPMorgan Chase & Co. from $12.00 to $13.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage currently has an “underweight” rating on the stock. JPMorgan Chase & Co.‘s target price would indicate a potential downside of 4.02% from the company’s current price.

BV has been the subject of a number of other research reports. Weiss Ratings reissued a “hold (c-)” rating on shares of BrightView in a research report on Wednesday, January 21st. Zacks Research raised shares of BrightView from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 4th. CJS Securities upgraded shares of BrightView to a “strong-buy” rating in a research note on Thursday, December 11th. The Goldman Sachs Group decreased their price target on BrightView from $13.50 to $10.50 and set a “sell” rating for the company in a research note on Thursday, November 20th. Finally, Morgan Stanley boosted their price objective on BrightView from $12.00 to $13.00 and gave the company an “equal weight” rating in a report on Wednesday, December 17th. Two equities research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, two have assigned a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat, BrightView currently has a consensus rating of “Hold” and an average target price of $14.42.

BrightView Stock Performance

NYSE:BV opened at $13.54 on Thursday. The firm has a 50-day moving average of $12.96 and a two-hundred day moving average of $13.46. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.26 and a quick ratio of 1.30. The stock has a market cap of $1.28 billion, a P/E ratio of -677.20 and a beta of 1.28. BrightView has a 1-year low of $11.06 and a 1-year high of $17.10.

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

Insider Activity

In other BrightView news, Director William L. Cornog bought 10,000 shares of the business’s stock in a transaction on Tuesday, December 2nd. The shares were purchased at an average price of $12.84 per share, with a total value of $128,400.00. Following the completion of the acquisition, the director directly owned 30,000 shares of the company’s stock, valued at approximately $385,200. The trade was a 50.00% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Jonathan Mark Gottsegen sold 35,000 shares of the company’s stock in a transaction that occurred on Monday, December 1st. The shares were sold at an average price of $12.62, for a total value of $441,700.00. Following the transaction, the executive vice president directly owned 142,958 shares of the company’s stock, valued at $1,804,129.96. This trade represents a 19.67% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 2.80% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On BrightView

Hedge funds have recently added to or reduced their stakes in the stock. IFP Advisors Inc grew its position in shares of BrightView by 54.2% during the second quarter. IFP Advisors Inc now owns 2,385 shares of the company’s stock worth $40,000 after acquiring an additional 838 shares during the last quarter. Bfsg LLC acquired a new position in BrightView during the 4th quarter valued at about $49,000. BNP Paribas Financial Markets grew its position in BrightView by 66.8% in the 2nd quarter. BNP Paribas Financial Markets now owns 5,591 shares of the company’s stock worth $93,000 after purchasing an additional 2,240 shares during the last quarter. Tower Research Capital LLC TRC increased its stake in shares of BrightView by 225.8% in the second quarter. Tower Research Capital LLC TRC now owns 5,640 shares of the company’s stock valued at $94,000 after purchasing an additional 3,909 shares during the period. Finally, CWM LLC raised its holdings in shares of BrightView by 86.2% during the second quarter. CWM LLC now owns 6,364 shares of the company’s stock valued at $106,000 after buying an additional 2,946 shares during the last quarter. 92.41% of the stock is currently owned by 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.