BrightView (NYSE:BV) Shares Gap Up - Here's What Happened

BrightView Holdings, Inc. (NYSE:BV - Get Free Report)'s stock price gapped up prior to trading on Monday . The stock had previously closed at $13.43, but opened at $13.98. BrightView shares last traded at $13.58, with a volume of 93,869 shares changing hands.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on BV shares. BTIG Research started coverage on shares of BrightView in a research report on Monday, December 2nd. They issued a "buy" rating and a $22.00 price objective for the company. Robert W. Baird raised their price objective on shares of BrightView from $18.00 to $20.00 and gave the company an "outperform" rating in a research report on Thursday, November 14th. The Goldman Sachs Group lifted their price target on shares of BrightView from $11.30 to $12.90 and gave the company a "sell" rating in a research report on Friday, November 15th. William Blair upgraded shares of BrightView from a "market perform" rating to an "outperform" rating in a research report on Friday, November 15th. Finally, Loop Capital lifted their price target on shares of BrightView from $18.00 to $20.00 and gave the company a "buy" rating in a research report on Friday, November 15th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $17.11.

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BrightView Price Performance

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 $1.26 billion, a price-to-earnings ratio of 73.08 and a beta of 1.29. The company has a 50-day moving average of $15.28 and a 200-day moving average of $15.86.

Institutional Trading of BrightView

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Rhumbline Advisers grew its stake in BrightView by 1.0% in the 4th quarter. Rhumbline Advisers now owns 82,520 shares of the company's stock worth $1,319,000 after acquiring an additional 831 shares during the period. BNP Paribas Financial Markets grew its stake in BrightView by 4.6% in the 3rd quarter. BNP Paribas Financial Markets now owns 24,184 shares of the company's stock worth $381,000 after acquiring an additional 1,056 shares during the period. Envestnet Asset Management Inc. grew its stake in BrightView by 5.5% in the 4th quarter. Envestnet Asset Management Inc. now owns 23,937 shares of the company's stock worth $383,000 after acquiring an additional 1,240 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in BrightView by 4.0% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 33,094 shares of the company's stock worth $529,000 after acquiring an additional 1,278 shares during the period. Finally, New York State Teachers Retirement System grew its stake in BrightView by 32.1% in the 4th quarter. New York State Teachers Retirement System now owns 5,326 shares of the company's stock worth $85,000 after acquiring an additional 1,293 shares during the period. 92.41% of the stock is owned by hedge funds and other institutional investors.

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.