BTIG Research Initiates Coverage on BrightView (NYSE:BV)

Equities researchers at BTIG Research began coverage on shares of BrightView (NYSE:BV - Get Free Report) in a report issued on Monday, MarketBeat reports. The brokerage set a "buy" rating and a $22.00 price target on the stock. BTIG Research's price objective indicates a potential upside of 26.95% from the stock's previous close.

Other analysts also recently issued reports about the company. Robert W. Baird boosted their target price on BrightView from $18.00 to $20.00 and gave the company an "outperform" rating in a report on Thursday, November 14th. Loop Capital increased their price objective on BrightView from $18.00 to $20.00 and gave the company a "buy" rating in a report on Friday, November 15th. Morgan Stanley began coverage on shares of BrightView in a research report on Thursday, August 22nd. They set an "equal weight" rating and a $16.00 target price on the stock. Jefferies Financial Group upgraded BrightView from a "hold" rating to a "buy" rating and boosted their price target for the company from $13.00 to $17.00 in a research report on Wednesday, August 21st. Finally, William Blair raised BrightView from a "market perform" rating to an "outperform" rating in a report on Friday, November 15th. Two research analysts have rated the stock with a sell rating, one has assigned 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.com, the company has an average rating of "Moderate Buy" and a consensus price target of $17.11.

BrightView Stock Up 1.3 %

Shares of BrightView stock traded up $0.23 during trading on Monday, hitting $17.33. 551,411 shares of the stock were exchanged, compared to its average volume of 618,175. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.44 and a quick ratio of 1.44. The firm's 50-day moving average price is $16.51 and its 200 day moving average price is $15.00. The stock has a market cap of $1.65 billion, a price-to-earnings ratio of 159.55 and a beta of 1.28. BrightView has a 12-month low of $7.74 and a 12-month high of $18.89.

BrightView (NYSE:BV - Get Free Report) last announced its quarterly earnings results on Wednesday, November 13th. The company reported $0.30 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.28 by $0.02. BrightView had a return on equity of 7.65% and a net margin of 2.40%. The company had revenue of $728.70 million during the quarter, compared to the consensus estimate of $723.01 million. During the same period in the previous year, the business earned $0.14 EPS. BrightView's revenue for the quarter was down 2.0% on a year-over-year basis. As a group, analysts forecast that BrightView will post 0.75 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other BrightView news, EVP Jonathan Mark Gottsegen sold 29,658 shares of BrightView stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $16.06, for a total transaction of $476,307.48. Following the completion of the transaction, the executive vice president now owns 100,354 shares in the company, valued at approximately $1,611,685.24. The trade was a 22.81 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 2.40% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of BV. Barclays PLC boosted its position in BrightView by 133.6% during the third quarter. Barclays PLC now owns 111,969 shares of the company's stock worth $1,762,000 after acquiring an additional 64,035 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of BrightView by 18.2% during the 3rd quarter. Geode Capital Management LLC now owns 1,337,545 shares of the company's stock worth $21,057,000 after purchasing an additional 206,359 shares during the period. Y Intercept Hong Kong Ltd acquired a new stake in shares of BrightView during the third quarter worth $302,000. XTX Topco Ltd purchased a new stake in shares of BrightView in the third quarter valued at $184,000. Finally, State Street Corp increased its stake in BrightView by 17.1% in the third quarter. State Street Corp now owns 1,211,909 shares of the company's stock valued at $19,075,000 after purchasing an additional 177,105 shares during the last quarter. 92.41% of the stock is currently owned by institutional investors and hedge funds.

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.