BrightView (NYSE:BV) Shares Gap Up After Analyst Upgrade

BrightView Holdings, Inc. (NYSE:BV - Get Free Report)'s stock price gapped up before the market opened on Friday after Loop Capital raised their price target on the stock from $18.00 to $20.00. The stock had previously closed at $15.81, but opened at $16.54. Loop Capital currently has a buy rating on the stock. BrightView shares last traded at $16.23, with a volume of 86,741 shares traded.

BV has been the topic of several other research reports. William Blair upgraded shares of BrightView from a "market perform" rating to an "outperform" rating in a report on Friday. Jefferies Financial Group upgraded BrightView from a "hold" rating to a "buy" rating and lifted their price target for the company from $13.00 to $17.00 in a research note on Wednesday, August 21st. The Goldman Sachs Group increased their price objective on BrightView from $11.30 to $12.90 and gave the stock a "sell" rating in a research note on Friday. Robert W. Baird raised their target price on BrightView from $18.00 to $20.00 and gave the company an "outperform" rating in a report on Thursday. Finally, Baird R W upgraded BrightView from a "hold" rating to a "strong-buy" rating in a report on Tuesday, July 30th. Two 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, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $16.41.

Institutional Investors Weigh In On BrightView

A number of hedge funds have recently made changes to their positions in BV. Millburn Ridgefield Corp bought a new position in BrightView during the third quarter valued at $45,000. Innealta Capital LLC purchased a new stake in BrightView in the 2nd quarter worth about $102,000. FMR LLC raised its stake in BrightView by 293.4% in the 3rd quarter. FMR LLC now owns 6,884 shares of the company's stock valued at $108,000 after acquiring an additional 5,134 shares during the period. Kathmere Capital Management LLC purchased a new stake in BrightView during the second quarter valued at about $133,000. Finally, Quest Partners LLC purchased a new stake in BrightView during the third quarter valued at about $153,000. 92.41% of the stock is currently owned by institutional investors.

BrightView Price Performance

The firm's 50 day moving average price is $16.21 and its two-hundred day moving average price is $14.64. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.45 and a quick ratio of 1.45. The stock has a market cap of $1.48 billion, a PE ratio of 142.55 and a beta of 1.28.

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.