BrightView (NYSE:BV) Stock Rating Upgraded by William Blair

BrightView (NYSE:BV) was upgraded by analysts at William Blair from a “market perform” rating to an “outperform” rating in a research report issued on Friday, Marketbeat reports.

BV has been the topic of several other reports. Morgan Stanley assumed coverage on BrightView in a research report on Thursday, August 22nd. They set an “equal weight” rating and a $16.00 price objective on the stock. Baird R W upgraded BrightView from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 30th. The Goldman Sachs Group increased their price objective on BrightView from $10.00 to $11.30 and gave the stock a “sell” rating in a report on Friday, August 2nd. Loop Capital raised shares of BrightView to a “strong-buy” rating in a research report on Tuesday, July 30th. Finally, JPMorgan Chase & Co. increased their price target on shares of BrightView from $11.00 to $14.00 and gave the stock an “underweight” rating in a research note on Friday, August 2nd. Two analysts have rated the stock with a sell rating, one has given a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $16.41.

BrightView Price Performance

BV opened at $15.66 on Friday. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.45 and a current ratio of 1.45. The stock has a market capitalization of $1.48 billion, a PE ratio of 142.36 and a beta of 1.28. The stock’s 50 day moving average price is $16.23 and its 200-day moving average price is $14.69. BrightView has a 52-week low of $6.94 and a 52-week high of $18.89.

BrightView (NYSE:BV) last issued its quarterly earnings data on Wednesday, November 13th. The company reported $0.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.28 by $0.02. BrightView had a net margin of 2.40% and a return on equity of 7.69%. The business had revenue of $728.70 million for the quarter, compared to the consensus estimate of $723.01 million. During the same period in the previous year, the firm earned $0.14 EPS. The company’s quarterly revenue was down 2.0% compared to the same quarter last year. On average, equities research analysts predict that BrightView will post 0.76 EPS for the current year.

Hedge Funds Weigh In On BrightView

A number of hedge funds have recently added to or reduced their stakes in BV. &PARTNERS bought a new stake in shares of BrightView in the 2nd quarter worth $1,497,000. Thompson Siegel & Walmsley LLC purchased a new stake in shares of BrightView during the 2nd quarter valued at about $560,000. Driehaus Capital Management LLC bought a new stake in shares of BrightView in the second quarter worth approximately $13,086,000. Kennedy Capital Management LLC purchased a new position in shares of BrightView during the first quarter valued at approximately $6,673,000. Finally, Anchor Capital Advisors LLC bought a new position in BrightView during the second quarter valued at approximately $626,000. 92.41% of the stock is currently owned by hedge funds and other institutional investors.

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.