BrightView (NYSE:BV) Hits New 12-Month High at $15.99

BrightView Holdings, Inc. (NYSE:BV - Get Free Report)'s stock price reached a new 52-week high on Monday . The company traded as high as $15.99 and last traded at $15.90, with a volume of 83863 shares changing hands. The stock had previously closed at $15.73.

Wall Street Analyst Weigh In

BV has been the topic of several analyst reports. Loop Capital raised shares of BrightView to a "strong-buy" rating in a report on Tuesday, July 30th. JPMorgan Chase & Co. raised their price target on BrightView from $11.00 to $14.00 and gave the stock an "underweight" rating in a report on Friday, August 2nd. Baird R W upgraded shares of BrightView from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, July 30th. Robert W. Baird raised shares of BrightView from a "neutral" rating to an "outperform" rating and boosted their target price for the stock from $13.00 to $17.00 in a research report on Tuesday, July 30th. Finally, Jefferies Financial Group raised BrightView from a "hold" rating to a "buy" rating and upped their target price for the company from $13.00 to $17.00 in a research report on Wednesday, August 21st. Two investment analysts have rated the stock with a sell rating, one has given a hold rating, three have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, BrightView has a consensus rating of "Moderate Buy" and a consensus price target of $15.47.

BrightView Price Performance

The firm has a 50-day simple moving average of $13.83 and a two-hundred day simple moving average of $12.26. The company has a market capitalization of $1.50 billion, a price-to-earnings ratio of 79.35 and a beta of 1.29. The company has a current ratio of 1.45, a quick ratio of 1.67 and a debt-to-equity ratio of 0.64.

BrightView (NYSE:BV - Get Free Report) last posted its earnings results on Wednesday, July 31st. The company reported $0.32 EPS for the quarter, hitting the consensus estimate of $0.32. BrightView had a return on equity of 6.27% and a net margin of 2.06%. The firm had revenue of $738.80 million for the quarter, compared to analyst estimates of $736.94 million. During the same period last year, the company earned $0.40 earnings per share. BrightView's revenue for the quarter was down 3.6% compared to the same quarter last year. As a group, analysts predict that BrightView Holdings, Inc. will post 0.65 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of BrightView by 59.6% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,302 shares of the company's stock valued at $61,000 after buying an additional 2,726 shares in the last quarter. Innealta Capital LLC purchased a new stake in BrightView in the 2nd quarter worth $102,000. Kathmere Capital Management LLC acquired a new position in BrightView during the second quarter worth $133,000. Russell Investments Group Ltd. purchased a new position in BrightView during the fourth quarter valued at $91,000. Finally, Teacher Retirement System of Texas acquired a new stake in shares of BrightView in the fourth quarter valued at about $92,000. Hedge funds and other institutional investors own 92.41% of the company's stock.

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.