BrightView (NYSE:BV) Price Target Cut to $8.70 by Analysts at The Goldman Sachs Group

Key Points

• Goldman Sachs cut BrightView’s price target to $8.70 from $10.00 and maintained a sell rating, implying 13.36% downside from the prior close.
• Analyst views are mixed: BrightView has an overall Hold rating and an average price target of $12.70, while other firms also lowered their targets.
• BrightView’s latest quarterly results missed expectations, reporting EPS of $0.18 versus $0.26 expected and revenue of $677.3 million versus $723.8 million expected; revenue fell 3.6% year over year.

BrightView (NYSE:BV - Get Free Report) had its price target lowered by equities research analysts at The Goldman Sachs Group from $10.00 to $8.70 in a research report issued to clients and investors on Thursday, Benzinga reports. The brokerage presently has a "sell" rating on the stock. The Goldman Sachs Group's price objective indicates a potential downside of 13.36% from the company's previous close.

Several other research firms also recently commented on BV. Morgan Stanley cut their price objective on BrightView from $12.50 to $11.50 and set an "equal weight" rating for the company in a report on Tuesday, October 13th. Wall Street Zen downgraded shares of BrightView from a "hold" rating to a "sell" rating in a report on Saturday, November 7th. Zacks Research upgraded shares of BrightView from a "strong sell" rating to a "hold" rating in a research note on Monday, October 5th. Weiss Ratings reissued a "sell (d+)" rating on shares of BrightView in a research report on Thursday, October 29th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of BrightView from $12.00 to $11.00 and set a "neutral" rating for the company in a research report on Thursday. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, three have issued a Hold rating and two have given a Sell rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average target price of $12.70.

BrightView Stock Up 1.7%

BV traded up $0.17 on Thursday, hitting $10.04. 378,666 shares of the company were exchanged, compared to its average volume of 804,721. BrightView has a 12 month low of $9.52 and a 12 month high of $15.00. The company has a market cap of $935.91 million, a PE ratio of -26.43, a PEG ratio of 1.47 and a beta of 1.16. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.28 and a current ratio of 1.28. The stock's fifty day moving average is $10.84 and its 200-day moving average is $12.26.

BrightView (NYSE:BV - Get Free Report) last issued its quarterly earnings results on Tuesday, November 10th. The company reported $0.18 EPS for the quarter, missing the consensus estimate of $0.26 by ($0.08). The company had revenue of $677.30 million for the quarter, compared to analyst estimates of $723.76 million. BrightView had a net margin of 0.03% and a return on equity of 3.85%. The business's revenue for the quarter was down 3.6% on a year-over-year basis. During the same period last year, the company posted $0.27 earnings per share. Equities research analysts predict that BrightView will post 0.52 EPS for the current fiscal year.

Institutional Investors Weigh In On BrightView

A number of large investors have recently added to or reduced their stakes in the business. Public Employees Retirement System of Ohio bought a new position in BrightView during the second quarter worth $41,000. Bfsg LLC boosted its holdings in shares of BrightView by 234.3% during the 3rd quarter. Bfsg LLC now owns 13,320 shares of the company's stock worth $133,000 after buying an additional 9,335 shares during the period. Ethic Inc. acquired a new position in BrightView in the 3rd quarter valued at about $113,000. Janney Montgomery Scott LLC acquired a new position in BrightView in the 1st quarter valued at about $145,000. Finally, Mcmorgan & Co. LLC acquired a new position in BrightView in the 2nd quarter valued at about $176,000. Institutional investors own 92.41% of the company's stock.

BrightView News Summary

Here's some of the latest news about BV:

• Neutral Sentiment: Robert W. Baird lowered its target from $14 to $12 but kept an Outperform rating; JPMorgan cut its target from $12 to $11 and maintained a Neutral rating. The lower targets reflect reduced expectations, while Baird’s rating still implies potential upside. BrightView Stock Price Target Lowered at Robert W. Baird
• Negative Sentiment: Fiscal 2027 revenue guidance of $2.5 billion–$2.7 billion was below analysts’ $2.8 billion estimate, raising concerns about the company’s growth outlook. BrightView Development Shortfall and HOA Exposure Concerns
• Negative Sentiment: A shareholder-investigation notice adds a potential legal overhang after the results and Development Services weakness. BrightView Investigation Notice

About BrightView

BrightView Holdings, Inc. provides commercial landscaping services in the United States. Its services include landscape maintenance, design and development, enhancements, and tree care for properties such as corporate campuses, residential communities, and public spaces. The company also provides snow and ice management and related services to help clients maintain their properties throughout the year. BrightView was formed in 2014 through the combination of landscaping businesses Brickman and ValleyCrest.

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