The Goldman Sachs Group Forecasts Strong Price Appreciation for BrightView (NYSE:BV) Stock

BrightView (NYSE:BV) had its price target boosted by The Goldman Sachs Group from $11.30 to $12.90 in a research report issued on Friday,Benzinga reports. The brokerage currently has a “sell” rating on the stock. The Goldman Sachs Group’s price target points to a potential downside of 17.62% from the company’s previous close.

BV has been the topic of several other reports. JPMorgan Chase & Co. lifted their price objective on BrightView from $11.00 to $14.00 and gave the stock an “underweight” rating in a report on Friday, August 2nd. Loop Capital raised BrightView to a “strong-buy” rating in a research note on Tuesday, July 30th. Robert W. Baird boosted their price target on BrightView from $18.00 to $20.00 and gave the stock an “outperform” rating in a research report on Thursday. Morgan Stanley assumed coverage on BrightView in a report on Thursday, August 22nd. They issued an “equal weight” rating and a $16.00 price objective on the stock. Finally, Jefferies Financial Group raised 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 report on Wednesday, August 21st. Two analysts have rated the stock with a sell rating, one has issued a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $16.41.

BrightView Trading Down 0.9 %

Shares of BV stock opened at $15.66 on Friday. BrightView has a 1-year low of $6.94 and a 1-year high of $18.89. The company has a market cap of $1.48 billion, a price-to-earnings ratio of 142.36 and a beta of 1.28. 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 50 day simple moving average of $16.23 and a 200-day simple moving average of $14.69.

BrightView (NYSE:BV) last posted its quarterly earnings data on Wednesday, November 13th. The company reported $0.30 earnings per share for the quarter, topping analysts’ consensus estimates of $0.28 by $0.02. BrightView had a net margin of 2.40% and a return on equity of 7.69%. The company had revenue of $728.70 million during the quarter, compared to analysts’ expectations of $723.01 million. During the same period in the prior year, the business posted $0.14 earnings per share. The firm’s revenue for the quarter was down 2.0% on a year-over-year basis. On average, equities research analysts expect that BrightView will post 0.76 EPS for the current fiscal year.

Institutional Trading of BrightView

A number of hedge funds and other institutional investors have recently modified their holdings of BV. Sei Investments Co. grew its holdings in shares of BrightView by 6.1% in the first quarter. Sei Investments Co. now owns 238,834 shares of the company’s stock valued at $2,842,000 after purchasing an additional 13,756 shares during the period. Russell Investments Group Ltd. grew its stake in shares of BrightView by 173.7% in the 1st quarter. Russell Investments Group Ltd. now owns 29,563 shares of the company’s stock valued at $352,000 after buying an additional 18,763 shares during the period. Vanguard Group Inc. increased its holdings in shares of BrightView by 4.8% during the 1st quarter. Vanguard Group Inc. now owns 4,031,524 shares of the company’s stock worth $47,975,000 after buying an additional 185,327 shares during the last quarter. Hillsdale Investment Management Inc. raised its position in shares of BrightView by 8.6% during the 1st quarter. Hillsdale Investment Management Inc. now owns 476,000 shares of the company’s stock valued at $5,664,000 after buying an additional 37,600 shares during the period. Finally, Roubaix Capital LLC purchased a new stake in shares of BrightView during the 1st quarter valued at approximately $3,518,000. 92.41% of the stock is owned by institutional investors and hedge funds.

About BrightView

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.