The Goldman Sachs Group Boosts BrightView (NYSE:BV) Price Target to $12.90

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

Other analysts have also recently issued reports about the stock. Jefferies Financial Group upgraded shares of BrightView from a “hold” rating to a “buy” rating and lifted their target price for the stock from $13.00 to $17.00 in a research note on Wednesday, August 21st. Morgan Stanley assumed coverage on shares of BrightView in a research note on Thursday, August 22nd. They set an “equal weight” rating and a $16.00 price objective for the company. Robert W. Baird upped their target price on BrightView from $18.00 to $20.00 and gave the company an “outperform” rating in a research report on Thursday. Loop Capital raised BrightView to a “strong-buy” rating in a research report on Tuesday, July 30th. Finally, JPMorgan Chase & Co. boosted their price target on BrightView from $11.00 to $14.00 and gave the company an “underweight” rating in a research note on Friday, August 2nd. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $16.41.

BrightView Price Performance

Shares of BV opened at $15.66 on Friday. The company has a 50 day moving average of $16.23 and a two-hundred day moving average of $14.69. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.64. BrightView has a twelve month low of $6.94 and a twelve month 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.

BrightView (NYSE:BV) last announced its earnings results on Wednesday, November 13th. The company reported $0.30 earnings per share for the quarter, topping the consensus estimate of $0.28 by $0.02. BrightView had a return on equity of 7.69% and a net margin of 2.40%. The firm had revenue of $728.70 million for 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. The firm’s revenue for the quarter was down 2.0% on a year-over-year basis. As a group, analysts predict that BrightView will post 0.76 earnings per share for the current fiscal year.

Hedge Funds Weigh In On BrightView

Several institutional investors and hedge funds have recently modified their holdings of BV. Millburn Ridgefield Corp purchased a new position in BrightView during the third quarter valued at approximately $45,000. Innealta Capital LLC acquired a new stake in shares of BrightView during the 2nd quarter worth approximately $102,000. FMR LLC increased its holdings in shares of BrightView by 293.4% during the 3rd quarter. FMR LLC now owns 6,884 shares of the company’s stock valued at $108,000 after purchasing an additional 5,134 shares in the last quarter. Kathmere Capital Management LLC acquired a new position in shares of BrightView in the 2nd quarter valued at $133,000. Finally, Quest Partners LLC acquired a new position in shares of BrightView in the 3rd quarter valued at $153,000. Institutional investors and hedge funds 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.