Analysts Set BrightView Holdings, Inc. (NYSE:BV) Target Price at $17.11

Shares of BrightView Holdings, Inc. (NYSE:BV - Get Free Report) have earned an average recommendation of "Moderate Buy" from the ten ratings firms that are presently covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. The average 12 month price target among analysts that have covered the stock in the last year is $17.11.

Several research analysts recently commented on the company. The Goldman Sachs Group lifted their price target on BrightView from $11.30 to $12.90 and gave the stock a "sell" rating in a research report on Friday, November 15th. Morgan Stanley boosted their target price on BrightView from $15.00 to $16.00 and gave the company an "equal weight" rating in a research report on Thursday, December 12th. Robert W. Baird raised their price target on BrightView from $18.00 to $20.00 and gave the stock an "outperform" rating in a research report on Thursday, November 14th. William Blair upgraded shares of BrightView from a "market perform" rating to an "outperform" rating in a research report on Friday, November 15th. Finally, BTIG Research started coverage on shares of BrightView in a report on Monday, December 2nd. They issued a "buy" rating and a $22.00 target price for the company.

BrightView Price Performance

BV stock traded up $0.02 during trading on Friday, hitting $14.34. 555,073 shares of the company's stock traded hands, compared to its average volume of 543,590. The business has a fifty day simple moving average of $15.71 and a 200 day simple moving average of $15.93. BrightView has a 52 week low of $8.26 and a 52 week high of $18.89. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.43 and a current ratio of 1.43. The stock has a market capitalization of $1.37 billion, a price-to-earnings ratio of 79.67 and a beta of 1.29.

Hedge Funds Weigh In On BrightView

Several institutional investors have recently bought and sold shares of the business. Sterling Capital Management LLC boosted its position in BrightView by 832.0% during the 4th quarter. Sterling Capital Management LLC now owns 1,864 shares of the company's stock valued at $30,000 after acquiring an additional 1,664 shares in the last quarter. Tower Research Capital LLC TRC lifted its stake in shares of BrightView by 181.4% during the 4th quarter. Tower Research Capital LLC TRC now owns 2,288 shares of the company's stock worth $37,000 after purchasing an additional 1,475 shares during the last quarter. Millburn Ridgefield Corp bought a new stake in BrightView during the third quarter valued at about $45,000. NewEdge Advisors LLC purchased a new position in BrightView in the fourth quarter valued at about $56,000. Finally, New York State Teachers Retirement System raised its holdings in BrightView by 32.1% in the fourth quarter. New York State Teachers Retirement System now owns 5,326 shares of the company's stock worth $85,000 after purchasing an additional 1,293 shares in the last quarter. 92.41% of the stock is 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.