JPMorgan Chase & Co. Boosts BrightView (NYSE:BV) Price Target to $14.00

BrightView (NYSE:BV) had its price objective increased by JPMorgan Chase & Co. from $11.00 to $14.00 in a research report released on Friday morning, Benzinga reports. They currently have an underweight rating on the stock.

Several other brokerages have also recently commented on BV. The Goldman Sachs Group boosted their price target on shares of BrightView from $10.00 to $11.30 and gave the stock a sell rating in a research report on Friday. Robert W. Baird upgraded shares of BrightView from a neutral rating to an outperform rating and boosted their price target for the stock from $13.00 to $17.00 in a research report on Tuesday, July 30th. Baird R W upgraded shares of BrightView from a hold rating to a strong-buy rating in a research report on Tuesday, July 30th. Finally, Loop Capital upgraded shares of BrightView to a strong-buy rating in a research report on Tuesday, July 30th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating, two have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, BrightView currently has a consensus rating of Moderate Buy and a consensus price target of $14.05.

BrightView Price Performance

Shares of NYSE BV opened at $14.07 on Friday. BrightView has a fifty-two week low of $6.58 and a fifty-two week high of $15.68. The firm’s 50-day simple moving average is $13.57 and its 200 day simple moving average is $11.67. The company has a quick ratio of 1.67, a current ratio of 1.45 and a debt-to-equity ratio of 0.64. The stock has a market cap of $1.33 billion, a P/E ratio of 70.35 and a beta of 1.29.

BrightView (NYSE:BV) last issued its quarterly earnings data on Wednesday, July 31st. The company reported $0.32 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.32. BrightView had a net margin of 2.06% and a return on equity of 6.27%. The business had revenue of $738.80 million for the quarter, compared to analysts’ expectations of $736.94 million. During the same period in the previous year, the business earned $0.40 earnings per share. The company’s revenue was down 3.6% on a year-over-year basis. Equities analysts expect that BrightView will post 0.65 EPS for the current year.

Insider Buying and Selling

In other BrightView news, major shareholder Kkr Group Partnership L.P. sold 17,500,000 shares of BrightView stock in a transaction dated Thursday, May 23rd. The stock was sold at an average price of $12.48, for a total transaction of $218,400,000.00. Following the transaction, the insider now owns 33,133,123 shares of the company’s stock, valued at approximately $413,501,375.04. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 2.40% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On BrightView

Institutional investors and hedge funds have recently bought and sold shares of the business. Quadrature Capital Ltd acquired a new stake in shares of BrightView during the 4th quarter valued at about $573,000. Kennedy Capital Management LLC acquired a new stake in shares of BrightView during the 1st quarter valued at about $6,673,000. Jump Financial LLC lifted its holdings in shares of BrightView by 95.0% during the 4th quarter. Jump Financial LLC now owns 62,345 shares of the company’s stock valued at $525,000 after buying an additional 30,368 shares during the last quarter. Teacher Retirement System of Texas acquired a new stake in shares of BrightView during the 4th quarter valued at about $92,000. Finally, Quest Partners LLC acquired a new stake in shares of BrightView during the 4th quarter valued at about $207,000. Hedge funds and other institutional investors own 92.41% of the company’s stock.

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.