Loop Capital Cuts BrightView (NYSE:BV) Price Target to $20.00

BrightView (NYSE:BV - Free Report) had its price target cut by Loop Capital from $21.00 to $20.00 in a research note issued to investors on Thursday morning,Benzinga reports. They currently have a buy rating on the stock.

Several other research firms have also commented on BV. Wall Street Zen lowered shares of BrightView from a "buy" rating to a "hold" rating in a research report on Friday, June 6th. Robert W. Baird lowered their target price on BrightView from $20.00 to $19.00 and set an "outperform" rating on the stock in a report on Wednesday. Two analysts have rated the stock with a sell rating, two have given a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $17.27.

BrightView Price Performance

Shares of NYSE BV traded up $0.54 during midday trading on Thursday, hitting $15.69. The company had a trading volume of 1,027,237 shares, compared to its average volume of 605,290. The firm has a market capitalization of $1.50 billion, a price-to-earnings ratio of 23.31 and a beta of 1.27. BrightView has a twelve month low of $11.81 and a twelve month high of $18.89. The business has a 50-day simple moving average of $15.64 and a two-hundred day simple moving average of $14.79. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.63.

BrightView (NYSE:BV - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The company reported $0.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.12 by $0.02. BrightView had a return on equity of 8.29% and a net margin of 1.65%. The firm had revenue of $662.60 million during the quarter, compared to analysts' expectations of $643.29 million. During the same period in the previous year, the firm posted $0.11 earnings per share. BrightView's revenue was down 1.5% on a year-over-year basis. Equities research analysts anticipate that BrightView will post 0.73 earnings per share for the current year.

Insider Activity at BrightView

In related news, major shareholder Kkr Group Partnership L.P. sold 11,600,000 shares of the stock in a transaction dated Friday, June 6th. The stock was sold at an average price of $14.40, for a total transaction of $167,040,000.00. Following the transaction, the insider directly owned 21,533,123 shares in the company, valued at approximately $310,076,971.20. This represents a 35.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 2.20% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of BV. Strs Ohio purchased a new stake in BrightView in the first quarter valued at approximately $537,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of BrightView by 20.0% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 171,074 shares of the company's stock valued at $2,197,000 after buying an additional 28,491 shares during the period. Optimize Financial Inc increased its holdings in shares of BrightView by 31.7% during the 1st quarter. Optimize Financial Inc now owns 17,680 shares of the company's stock worth $227,000 after buying an additional 4,260 shares during the last quarter. Empowered Funds LLC increased its holdings in shares of BrightView by 2.1% during the 1st quarter. Empowered Funds LLC now owns 508,421 shares of the company's stock worth $6,528,000 after buying an additional 10,236 shares during the last quarter. Finally, Goldman Sachs Group Inc. raised its position in shares of BrightView by 11.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,658,306 shares of the company's stock worth $21,293,000 after buying an additional 167,966 shares during the period. 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.