The Goldman Sachs Group Forecasts Strong Price Appreciation for BrightView (NYSE:BV) Stock

BrightView (NYSE:BV - Get Free Report) had its price target lifted by stock analysts at The Goldman Sachs Group from $11.30 to $12.90 in a report released on Friday,Benzinga reports. The brokerage currently has a "sell" rating on the stock. The Goldman Sachs Group's target price points to a potential downside of 17.60% from the stock's previous close.

Other equities research analysts have also recently issued research reports about the stock. Baird R W raised shares of BrightView from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, July 30th. JPMorgan Chase & Co. increased their target price on BrightView from $11.00 to $14.00 and gave the stock an "underweight" rating in a research note on Friday, August 2nd. Loop Capital upgraded shares of BrightView to a "strong-buy" rating in a research note on Tuesday, July 30th. Morgan Stanley started coverage on shares of BrightView in a report on Thursday, August 22nd. They issued an "equal weight" rating and a $16.00 price objective for the company. Finally, Robert W. Baird raised their price target on shares of BrightView from $18.00 to $20.00 and gave the company an "outperform" rating in a research report on Thursday. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $16.41.

BrightView Stock Performance

Shares of NYSE BV traded down $0.16 during midday trading on Friday, reaching $15.66. 904,903 shares of the stock were exchanged, compared to its average volume of 623,161. The firm has a 50-day simple moving average of $16.21 and a two-hundred day simple moving average of $14.64. BrightView has a twelve month low of $6.94 and a twelve month high of $18.89. The firm has a market cap of $1.48 billion, a price-to-earnings ratio of 142.55 and a beta of 1.28. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.64.

Institutional Trading of BrightView

Several large investors have recently added to or reduced their stakes in BV. Y Intercept Hong Kong Ltd acquired a new position in shares of BrightView in the 3rd quarter valued at approximately $302,000. XTX Topco Ltd bought a new position in shares of BrightView during the third quarter worth about $184,000. State Street Corp lifted its holdings in BrightView by 17.1% during the 3rd quarter. State Street Corp now owns 1,211,909 shares of the company's stock worth $19,075,000 after buying an additional 177,105 shares during the last quarter. Systematic Financial Management LP bought a new stake in shares of BrightView in the 3rd quarter valued at approximately $957,000. Finally, Portolan Capital Management LLC boosted its holdings in BrightView by 27.9% in the third quarter. Portolan Capital Management LLC now owns 620,515 shares of the company's stock worth $9,767,000 after purchasing an additional 135,350 shares during the period. 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.