BrightView (NYSE:BV) Price Target Lowered to $20.00 at Loop Capital

BrightView (NYSE:BV) had its price target lowered by Loop Capital from $21.00 to $20.00 in a report published on Thursday,Benzinga reports. Loop Capital currently has a buy rating on the stock.

A number of other equities research analysts have also recently commented on the company. Robert W. Baird dropped their target price on BrightView from $20.00 to $19.00 and set an “outperform” rating on the stock in a research report on Wednesday. Wall Street Zen cut BrightView from a “buy” rating to a “hold” rating in a research report on Friday, June 6th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, BrightView presently has a consensus rating of “Moderate Buy” and a consensus target price of $17.27.

BrightView Price Performance

Shares of BV opened at $15.69 on Thursday. The business’s 50-day moving average is $15.68 and its two-hundred day moving average is $14.78. The company has a market capitalization of $1.50 billion, a P/E ratio of -784.11 and a beta of 1.27. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.42 and a current ratio of 1.42. BrightView has a fifty-two week low of $11.81 and a fifty-two week high of $18.89.

BrightView (NYSE:BV) last posted its earnings results on Wednesday, May 7th. The company reported $0.14 EPS for the quarter, beating analysts’ consensus estimates of $0.12 by $0.02. BrightView had a return on equity of 8.29% and a net margin of 1.65%. The firm had revenue of $662.60 million for the quarter, compared to analysts’ expectations of $643.29 million. During the same period last year, the firm earned $0.11 EPS. The company’s quarterly revenue was down 1.5% on a year-over-year basis. Research analysts predict that BrightView will post 0.73 earnings per share for the current year.

Insider Transactions at BrightView

In related news, major shareholder Kkr Group Partnership L.P. sold 11,600,000 shares of BrightView stock in a transaction dated Friday, June 6th. The stock was sold at an average price of $14.40, for a total value of $167,040,000.00. Following the sale, the insider directly owned 21,533,123 shares in the company, valued at approximately $310,076,971.20. The trade was a 35.01% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 2.20% of the company’s stock.

Institutional Investors Weigh In On BrightView

Several institutional investors have recently bought and sold shares of BV. Cooke & Bieler LP lifted its stake in BrightView by 38.2% in the 1st quarter. Cooke & Bieler LP now owns 2,515,610 shares of the company’s stock worth $32,300,000 after purchasing an additional 695,315 shares in the last quarter. Interval Partners LP purchased a new position in BrightView in the 4th quarter worth approximately $10,728,000. Newtyn Management LLC lifted its stake in BrightView by 30.5% in the 1st quarter. Newtyn Management LLC now owns 2,300,000 shares of the company’s stock worth $29,532,000 after purchasing an additional 538,111 shares in the last quarter. Millennium Management LLC lifted its stake in BrightView by 54.2% in the 1st quarter. Millennium Management LLC now owns 1,456,682 shares of the company’s stock worth $18,704,000 after purchasing an additional 512,098 shares in the last quarter. Finally, Boston Partners lifted its stake in BrightView by 514.6% in the 4th quarter. Boston Partners now owns 579,159 shares of the company’s stock worth $9,260,000 after purchasing an additional 484,928 shares in the last quarter. 92.41% of the stock is currently owned by institutional investors and hedge funds.

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.