BrightView (NYSE:BV) Price Target Raised to $20.00 at Robert W. Baird

BrightView (NYSE:BV - Get Free Report) had its price objective upped by investment analysts at Robert W. Baird from $18.00 to $20.00 in a research report issued on Thursday,Benzinga reports. The brokerage presently has an "outperform" rating on the stock. Robert W. Baird's target price points to a potential upside of 27.55% from the stock's current price.

A number of other research firms have also commented on BV. JPMorgan Chase & Co. upped their price target on BrightView from $11.00 to $14.00 and gave the company an "underweight" rating in a research report on Friday, August 2nd. Morgan Stanley initiated coverage on shares of BrightView in a report on Thursday, August 22nd. They set an "equal weight" rating and a $16.00 price target for the company. Baird R W raised shares of BrightView from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, July 30th. Loop Capital upgraded shares of BrightView to a "strong-buy" rating in a research report on Tuesday, July 30th. Finally, Jefferies Financial Group upgraded shares of BrightView from a "hold" rating to a "buy" rating and boosted their target price for the company from $13.00 to $17.00 in a report on Wednesday, August 21st. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating, three have issued a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, BrightView presently has a consensus rating of "Moderate Buy" and an average price target of $15.90.

BrightView Trading Down 14.1 %

Shares of NYSE:BV traded down $2.57 during mid-day trading on Thursday, reaching $15.68. 1,043,199 shares of the company's stock were exchanged, compared to its average volume of 620,084. The firm has a market capitalization of $1.48 billion, a price-to-earnings ratio of 138.59 and a beta of 1.28. BrightView has a twelve month low of $6.94 and a twelve month high of $18.89. The business's fifty day moving average price is $16.20 and its 200-day moving average price is $14.63. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.45 and a current ratio of 1.45.

Hedge Funds Weigh In On BrightView

Institutional investors and hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. grew its stake in BrightView by 4.8% in the first quarter. Vanguard Group Inc. now owns 4,031,524 shares of the company's stock valued at $47,975,000 after acquiring an additional 185,327 shares during the period. Dimensional Fund Advisors LP grew its position in BrightView by 28.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,140,676 shares of the company's stock valued at $41,772,000 after purchasing an additional 695,987 shares during the period. Driehaus Capital Management LLC acquired a new stake in BrightView in the 2nd quarter valued at $13,086,000. Telemark Asset Management LLC increased its stake in BrightView by 14.3% during the 3rd quarter. Telemark Asset Management LLC now owns 800,000 shares of the company's stock valued at $12,592,000 after purchasing an additional 100,000 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC acquired a new position in BrightView during the second quarter worth $9,857,000. Institutional investors own 92.41% of the company's stock.

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.