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

BrightView (NYSE:BV) had its price objective reduced by Loop Capital from $21.00 to $20.00 in a research report sent to investors on Thursday,Benzinga reports. They currently have a buy rating on the stock.

Several other equities analysts also recently weighed in on BV. Robert W. Baird decreased 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 downgraded BrightView from a “buy” rating to a “hold” rating in a research report on Friday, June 6th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $17.27.

BrightView Trading Up 3.6%

BV opened at $15.69 on Thursday. The firm has a market cap of $1.50 billion, a price-to-earnings ratio of -784.11 and a beta of 1.27. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.63. BrightView has a 12 month low of $11.81 and a 12 month high of $18.89. The stock has a fifty day moving average price of $15.71 and a 200-day moving average price of $14.76.

BrightView (NYSE:BV) last announced its earnings results on Wednesday, May 7th. The company reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.02. The company had revenue of $662.60 million for the quarter, compared to analyst estimates of $643.29 million. BrightView had a return on equity of 8.29% and a net margin of 1.65%. The firm’s quarterly revenue was down 1.5% compared to the same quarter last year. During the same period in the prior year, the company posted $0.11 EPS. As a group, equities research analysts anticipate that BrightView will post 0.73 earnings per share for the current fiscal year.

Insider Buying and Selling at BrightView

In other BrightView news, major shareholder Kkr Group Partnership L.P. sold 11,600,000 shares of the business’s stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $14.40, for a total transaction of $167,040,000.00. Following the transaction, the insider 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 document filed with the SEC, which is accessible through the SEC website. Insiders own 2.20% of the company’s stock.

Institutional Investors Weigh In On BrightView

Institutional investors have recently modified their holdings of the company. Sterling Capital Management LLC boosted its stake in shares of BrightView by 832.0% during the 4th quarter. Sterling Capital Management LLC now owns 1,864 shares of the company’s stock worth $30,000 after acquiring an additional 1,664 shares in the last quarter. Tower Research Capital LLC TRC lifted its stake in BrightView by 181.4% in the 4th quarter. Tower Research Capital LLC TRC now owns 2,288 shares of the company’s stock valued at $37,000 after buying an additional 1,475 shares in the last quarter. CWM LLC lifted its stake in BrightView by 58.7% in the 1st quarter. CWM LLC now owns 3,418 shares of the company’s stock valued at $44,000 after buying an additional 1,264 shares in the last quarter. NewEdge Advisors LLC purchased a new stake in BrightView in the 4th quarter valued at approximately $56,000. Finally, GAMMA Investing LLC lifted its stake in BrightView by 933.1% in the 1st quarter. GAMMA Investing LLC now owns 8,089 shares of the company’s stock valued at $104,000 after buying an additional 7,306 shares in the last quarter. Hedge funds and other institutional investors own 92.41% of the company’s stock.

BrightView Company Profile

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.