BrightView (NYSE:BV) Trading 0.5% Higher – Here’s Why

BrightView Holdings, Inc. (NYSE:BV) shares traded up 0.5% during trading on Thursday . The stock traded as high as $14.40 and last traded at $14.3050. Approximately 485,921 shares traded hands during mid-day trading, a decline of 37% from the average daily volume of 767,739 shares. The stock had previously closed at $14.24.

Analysts Set New Price Targets

A number of research firms have weighed in on BV. Weiss Ratings reiterated a “sell (d+)” rating on shares of BrightView in a report on Monday, May 4th. JPMorgan Chase & Co. upgraded BrightView from an “underweight” rating to a “neutral” rating and raised their target price for the company from $13.00 to $14.00 in a research note on Thursday, May 7th. BTIG Research restated a “buy” rating and set a $16.00 price target on shares of BrightView in a research report on Monday, May 11th. Finally, Oppenheimer initiated coverage on BrightView in a research note on Wednesday, June 17th. They issued an “outperform” rating and a $17.00 price target on the stock. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $14.52.

BrightView Price Performance

The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 0.66. The company has a market cap of $1.33 billion, a PE ratio of -204.34 and a beta of 1.17. The firm has a 50 day moving average of $13.07 and a two-hundred day moving average of $12.85.

BrightView (NYSE:BV) last announced its quarterly earnings data on Tuesday, May 5th. The company reported $0.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.08 by $0.01. BrightView had a return on equity of 7.25% and a net margin of 1.70%.The business had revenue of $702.90 million during the quarter, compared to analysts’ expectations of $638.80 million. During the same quarter in the previous year, the business earned $0.14 earnings per share. The firm’s quarterly revenue was up 6.1% compared to the same quarter last year. Research analysts predict that BrightView Holdings, Inc. will post 0.56 earnings per share for the current fiscal year.

Hedge Funds Weigh In On BrightView

A number of hedge funds have recently bought and sold shares of the company. Interval Partners LP raised its position in BrightView by 60.5% in the 3rd quarter. Interval Partners LP now owns 1,641,988 shares of the company’s stock worth $22,003,000 after buying an additional 618,875 shares during the last quarter. Harvey Partners LLC boosted its holdings in shares of BrightView by 5.0% during the 3rd quarter. Harvey Partners LLC now owns 2,949,000 shares of the company’s stock valued at $39,517,000 after acquiring an additional 141,000 shares during the last quarter. Van Berkom & Associates Inc. boosted its holdings in shares of BrightView by 6.6% during the 4th quarter. Van Berkom & Associates Inc. now owns 4,858,860 shares of the company’s stock valued at $61,562,000 after acquiring an additional 300,982 shares during the last quarter. Connors Investor Services Inc. grew its stake in shares of BrightView by 37.0% in the fourth quarter. Connors Investor Services Inc. now owns 188,552 shares of the company’s stock worth $2,389,000 after acquiring an additional 50,881 shares during the period. Finally, Northwestern Mutual Wealth Management Co. lifted its position in BrightView by 106.8% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 872,968 shares of the company’s stock valued at $11,061,000 after purchasing an additional 450,831 shares during the period. Institutional investors own 92.41% of the company’s stock.

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.