BrightView (NYSE:BV) Upgraded by William Blair to "Outperform" Rating

William Blair upgraded shares of BrightView (NYSE:BV - Free Report) from a market perform rating to an outperform rating in a research report sent to investors on Friday morning, MarketBeat Ratings reports.

BV has been the topic of a number of other reports. Baird R W raised shares of BrightView from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, July 30th. Robert W. Baird boosted their target price on BrightView from $18.00 to $20.00 and gave the company an "outperform" rating in a research note on Thursday. Jefferies Financial Group raised BrightView from a "hold" rating to a "buy" rating and raised their price target for the stock from $13.00 to $17.00 in a research report on Wednesday, August 21st. 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. Finally, 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 target for the company. Two investment analysts have rated the stock with a sell rating, one has given a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, BrightView has an average rating of "Moderate Buy" and a consensus target price of $16.41.

BrightView Trading Down 1.0 %

Shares of NYSE:BV traded down $0.16 during mid-day trading on Friday, reaching $15.65. The stock had a trading volume of 586,234 shares, compared to its average volume of 621,726. 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 PE ratio of 142.55 and a beta of 1.28. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.64.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Millburn Ridgefield Corp bought a new stake in BrightView during the 3rd quarter worth about $45,000. FMR LLC raised its holdings in BrightView by 293.4% during the third quarter. FMR LLC now owns 6,884 shares of the company's stock worth $108,000 after acquiring an additional 5,134 shares in the last quarter. Innealta Capital LLC acquired a new position in BrightView during the second quarter valued at approximately $102,000. Quest Partners LLC bought a new position in BrightView in the third quarter valued at approximately $153,000. Finally, Kathmere Capital Management LLC acquired a new position in shares of BrightView during the 2nd quarter worth approximately $133,000. 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.