BrightView (NYSE:BV) Given New $20.00 Price Target at Loop Capital

BrightView (NYSE:BV) had its price objective increased by equities researchers at Loop Capital from $18.00 to $20.00 in a research note issued on Friday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Loop Capital’s price target points to a potential upside of 27.55% from the stock’s current price.

Several other brokerages also recently issued reports on BV. Baird R W raised shares of BrightView from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 30th. The Goldman Sachs Group lifted their price objective on shares of BrightView from $11.30 to $12.90 and gave the company a “sell” rating in a research report on Friday. Morgan Stanley assumed coverage on shares of BrightView in a research report on Thursday, August 22nd. They set an “equal weight” rating and a $16.00 price objective for the company. William Blair upgraded BrightView from a “market perform” rating to an “outperform” rating in a research note on Friday. Finally, JPMorgan Chase & Co. increased their target price on shares of BrightView from $11.00 to $14.00 and gave the stock an “underweight” rating in a research report on Friday, August 2nd. Two research analysts have rated the stock with a sell rating, one has issued a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $16.41.

BrightView Price Performance

Shares of BrightView stock traded down $0.13 during midday trading on Friday, reaching $15.68. The company had a trading volume of 351,478 shares, compared to its average volume of 620,668. The company has a market capitalization of $1.48 billion, a price-to-earnings ratio of 142.55 and a beta of 1.28. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.64. The stock has a fifty day simple moving average of $16.21 and a 200 day simple moving average of $14.64. BrightView has a 1-year low of $6.94 and a 1-year high of $18.89.

Hedge Funds Weigh In On BrightView

A number of institutional investors have recently added to or reduced their stakes in BV. Millburn Ridgefield Corp purchased a new stake in shares of BrightView during the third quarter worth about $45,000. Innealta Capital LLC purchased a new stake in BrightView in the second quarter worth about $102,000. FMR LLC lifted its holdings in BrightView by 293.4% in the 3rd quarter. FMR LLC now owns 6,884 shares of the company’s stock worth $108,000 after purchasing an additional 5,134 shares in the last quarter. Kathmere Capital Management LLC purchased a new position in BrightView during the 2nd quarter valued at approximately $133,000. Finally, Quest Partners LLC purchased a new stake in shares of BrightView during the 3rd quarter valued at about $153,000. 92.41% of the stock is currently owned by institutional investors.

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.