Robert W. Baird Boosts BrightView (NYSE:BV) Price Target to $13.00

BrightView (NYSE:BV) had its price objective upped by Robert W. Baird from $8.50 to $13.00 in a research report report published on Thursday morning, Benzinga reports. They currently have a neutral rating on the stock.

Other equities research analysts have also issued research reports about the stock. Jefferies Financial Group reaffirmed a hold rating and set a $9.00 target price on shares of BrightView in a report on Monday, March 4th. The Goldman Sachs Group reaffirmed a sell rating and set a $10.00 price objective (up previously from $8.00) on shares of BrightView in a research note on Thursday, April 4th. Finally, Craig Hallum started coverage on shares of BrightView in a research note on Monday, March 4th. They issued a buy rating and a $15.00 target price on the stock.

BrightView Price Performance

BrightView stock traded up $0.12 during midday trading on Thursday, reaching $12.66. The company had a trading volume of 1,445,050 shares, compared to its average volume of 927,863. BrightView has a 12-month low of $5.17 and a 12-month high of $12.91. The firm’s fifty day simple moving average is $10.86 and its 200-day simple moving average is $8.98. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.67 and a quick ratio of 1.64. The company has a market capitalization of $1.20 billion, a P/E ratio of 63.30 and a beta of 1.22.

BrightView (NYSE:BV) last released its earnings results on Wednesday, May 1st. The company reported $0.11 earnings per share for the quarter, beating the consensus estimate of $0.07 by $0.04. BrightView had a return on equity of 5.78% and a net margin of 1.80%. The business had revenue of $672.90 million for the quarter, compared to the consensus estimate of $683.80 million. During the same quarter last year, the business posted ($0.12) earnings per share. The business’s quarterly revenue was up 3.5% compared to the same quarter last year. As a group, equities analysts anticipate that BrightView will post 0.59 EPS for the current year.

Hedge Funds Weigh In On BrightView

Institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. raised its position in BrightView by 0.3% in the third quarter. Vanguard Group Inc. now owns 4,016,470 shares of the company’s stock valued at $31,128,000 after purchasing an additional 13,768 shares during the period. Punch & Associates Investment Management Inc. raised its holdings in BrightView by 1.0% in the 3rd quarter. Punch & Associates Investment Management Inc. now owns 1,464,689 shares of the company’s stock valued at $11,351,000 after buying an additional 13,820 shares during the period. Charles Schwab Investment Management Inc. lifted its position in BrightView by 6.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,109,150 shares of the company’s stock valued at $9,339,000 after buying an additional 63,915 shares during the last quarter. Smith Graham & Co. Investment Advisors LP boosted its stake in BrightView by 10.3% during the fourth quarter. Smith Graham & Co. Investment Advisors LP now owns 804,280 shares of the company’s stock worth $6,772,000 after buying an additional 75,196 shares during the period. Finally, Penn Capital Management Company LLC acquired a new stake in shares of BrightView during the fourth quarter valued at about $1,908,000. 92.41% of the stock is owned by hedge funds and other institutional investors.

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.