BrightView (NYSE:BV) Price Target Raised to $13.00

BrightView (NYSE:BV - Free Report) had its price target lifted by Robert W. Baird from $8.50 to $13.00 in a research note published on Thursday, Benzinga reports. Robert W. Baird currently has a neutral rating on the stock.

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

BrightView Price Performance

NYSE BV traded up $1.27 during trading hours on Thursday, reaching $12.54. 2,868,974 shares of the stock traded hands, compared to its average volume of 619,444. The stock has a 50 day simple moving average of $10.69 and a two-hundred day simple moving average of $8.92. BrightView has a 1 year low of $5.17 and a 1 year high of $12.91. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.64 and a quick ratio of 1.64. The company has a market cap of $1.18 billion, a price-to-earnings ratio of -62.75 and a beta of 1.22.

BrightView (NYSE:BV - Get Free Report) last posted its earnings results on Wednesday, January 31st. The company reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by ($0.04). The business had revenue of $626.70 million during the quarter, compared to the consensus estimate of $651.07 million. BrightView had a positive return on equity of 3.93% and a negative net margin of 0.19%. On average, analysts predict that BrightView will post 0.59 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in BV. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in BrightView by 59.6% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,302 shares of the company's stock valued at $61,000 after buying an additional 2,726 shares in the last quarter. Russell Investments Group Ltd. purchased a new position in BrightView in the fourth quarter valued at $91,000. Teacher Retirement System of Texas purchased a new position in BrightView in the fourth quarter valued at $92,000. Aigen Investment Management LP acquired a new stake in shares of BrightView in the fourth quarter valued at about $94,000. Finally, Tower Research Capital LLC TRC increased its stake in shares of BrightView by 977.6% during the fourth quarter. Tower Research Capital LLC TRC now owns 11,584 shares of the company's stock worth $98,000 after purchasing an additional 10,509 shares in the last quarter. 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.