BrightView (NYSE:BV) Hits New 52-Week High at $15.99

BrightView Holdings, Inc. (NYSE:BV)’s share price hit a new 52-week high on Monday . The stock traded as high as $15.99 and last traded at $15.90, with a volume of 83863 shares changing hands. The stock had previously closed at $15.73.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on BV shares. Morgan Stanley began coverage on BrightView in a research note on Thursday. They issued an “equal weight” rating and a $16.00 price target for the company. JPMorgan Chase & Co. upped their price target on BrightView from $11.00 to $14.00 and gave the company an “underweight” rating in a report on Friday, August 2nd. Loop Capital upgraded BrightView to a “strong-buy” rating in a research note on Tuesday, July 30th. Robert W. Baird raised BrightView from a “neutral” rating to an “outperform” rating and raised their price objective for the company from $13.00 to $17.00 in a research note on Tuesday, July 30th. Finally, Jefferies Financial Group upgraded BrightView from a “hold” rating to a “buy” rating and increased their price target for the company from $13.00 to $17.00 in a report on Wednesday, August 21st. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating, three have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $15.47.

BrightView Trading Up 0.9 %

The business has a fifty day moving average price of $13.83 and a 200 day moving average price of $12.26. The company has a market capitalization of $1.50 billion, a price-to-earnings ratio of 78.90 and a beta of 1.29. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.45 and a quick ratio of 1.67.

BrightView (NYSE:BV) last issued its quarterly earnings results 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 firm had revenue of $738.80 million during the quarter, compared to the consensus estimate of $736.94 million. During the same period in the prior year, the firm earned $0.40 EPS. The business’s revenue was down 3.6% on a year-over-year basis. On average, equities analysts expect that BrightView Holdings, Inc. will post 0.65 EPS for the current fiscal year.

Hedge Funds Weigh In On BrightView

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. boosted its stake in BrightView by 12.4% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 471,769 shares of the company’s stock worth $6,275,000 after buying an additional 51,888 shares in the last quarter. Creative Planning lifted its holdings in shares of BrightView by 18.7% during the 2nd quarter. Creative Planning now owns 22,455 shares of the company’s stock worth $299,000 after acquiring an additional 3,532 shares during the period. Driehaus Capital Management LLC acquired a new stake in shares of BrightView during the 2nd quarter valued at about $13,086,000. Kathmere Capital Management LLC bought a new stake in BrightView in the second quarter valued at about $133,000. Finally, The Manufacturers Life Insurance Company raised its position in BrightView by 8.7% in the second quarter. The Manufacturers Life Insurance Company now owns 17,896 shares of the company’s stock worth $238,000 after purchasing an additional 1,431 shares in the last quarter. 92.41% of the stock is currently owned by 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.