BrightView (NYSE:BV) Coverage Initiated at Morgan Stanley

Equities researchers at Morgan Stanley initiated coverage on shares of BrightView (NYSE:BV - Get Free Report) in a research report issued to clients and investors on Thursday, Marketbeat Ratings reports. The firm set an "equal weight" rating and a $16.00 price target on the stock. Morgan Stanley's price target would suggest a potential upside of 4.47% from the stock's current price.

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A number of other research analysts also recently weighed in on the company. Loop Capital upgraded BrightView to a "strong-buy" rating in a report on Tuesday, July 30th. Baird R W raised BrightView from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, July 30th. Jefferies Financial Group upgraded shares of BrightView from a "hold" rating to a "buy" rating and upped their target price for the stock from $13.00 to $17.00 in a research note on Wednesday. The Goldman Sachs Group raised their price target on shares of BrightView from $10.00 to $11.30 and gave the company a "sell" rating in a research report on Friday, August 2nd. Finally, Robert W. Baird raised BrightView from a "neutral" rating to an "outperform" rating and upped their price objective for the company from $13.00 to $17.00 in a research report on Tuesday, July 30th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating, three have given a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, BrightView presently has a consensus rating of "Moderate Buy" and a consensus target price of $15.47.

Read Our Latest Research Report on BrightView

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BrightView Trading Down 2.6 %

NYSE:BV traded down $0.41 during midday trading on Thursday, reaching $15.32. 581,181 shares of the stock traded hands, compared to its average volume of 664,430. The stock has a market capitalization of $1.45 billion, a P/E ratio of 76.60 and a beta of 1.29. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.67 and a current ratio of 1.45. The company has a fifty day moving average of $13.76 and a 200 day moving average of $12.14. BrightView has a 12 month low of $6.58 and a 12 month high of $15.90.

BrightView (NYSE:BV - Get Free Report) last announced its earnings results on Wednesday, July 31st. The company reported $0.32 EPS for the quarter, meeting analysts' consensus estimates of $0.32. The company had revenue of $738.80 million during the quarter, compared to the consensus estimate of $736.94 million. BrightView had a return on equity of 6.27% and a net margin of 2.06%. The firm's revenue for the quarter was down 3.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.40 earnings per share. On average, research analysts predict that BrightView will post 0.65 EPS for the current year.

Hedge Funds Weigh In On BrightView

Several institutional investors and hedge funds have recently bought and sold shares of BV. Vanguard Group Inc. lifted its holdings in BrightView by 4.8% in the 1st quarter. Vanguard Group Inc. now owns 4,031,524 shares of the company's stock worth $47,975,000 after purchasing an additional 185,327 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in BrightView by 28.5% in the second quarter. Dimensional Fund Advisors LP now owns 3,140,676 shares of the company's stock worth $41,772,000 after buying an additional 695,987 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of BrightView by 6.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,109,150 shares of the company's stock worth $9,339,000 after purchasing an additional 63,915 shares during the period. Driehaus Capital Management LLC bought a new position in shares of BrightView during the second quarter valued at approximately $13,086,000. Finally, Allspring Global Investments Holdings LLC purchased a new stake in BrightView in the second quarter worth $9,857,000. 92.41% of the stock is currently owned by hedge funds and other institutional investors.

About BrightView

(Get Free Report)

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.

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