BrightView (NYSE:BV – Free Report) had its price target upped by Robert W. Baird from $8.50 to $13.00 in a research report released on Thursday morning, Benzinga reports. Robert W. Baird currently has a neutral rating on the stock.
A number of other research firms have also recently weighed in on BV. Craig Hallum assumed coverage on BrightView in a report on Monday, March 4th. They set a buy rating and a $15.00 price target on the stock. The Goldman Sachs Group restated a sell rating and set a $10.00 target price (up from $8.00) on shares of BrightView in a report on Thursday, April 4th. Finally, Jefferies Financial Group restated a hold rating and set a $9.00 price objective on shares of BrightView in a report on Monday, March 4th.
Get Our Latest Report on BrightView
BrightView Stock Up 1.0 %
BrightView (NYSE:BV – Get Free Report) last announced its quarterly earnings data on Wednesday, May 1st. The company reported $0.11 earnings per share for the quarter, beating the consensus estimate of $0.07 by $0.04. The firm had revenue of $672.90 million during the quarter, compared to analyst estimates of $683.80 million. BrightView had a return on equity of 5.78% and a net margin of 1.80%. BrightView’s quarterly revenue was up 3.5% on a year-over-year basis. During the same period in the previous year, the company earned ($0.12) earnings per share. On average, equities analysts anticipate that BrightView will post 0.59 earnings per share for the current year.
Institutional Investors Weigh In On BrightView
Several hedge funds and other institutional investors have recently modified their holdings of the stock. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in BrightView by 59.6% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,302 shares of the company’s stock worth $61,000 after purchasing an additional 2,726 shares during the period. Russell Investments Group Ltd. bought a new stake in shares of BrightView in the 4th quarter worth about $91,000. Teacher Retirement System of Texas acquired a new stake in shares of BrightView during the 4th quarter worth about $92,000. Aigen Investment Management LP bought a new position in BrightView during the 4th quarter valued at about $94,000. Finally, Tower Research Capital LLC TRC grew its stake in 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 buying an additional 10,509 shares during the last quarter. Institutional investors and hedge funds 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.
See Also
- Five stocks we like better than BrightView
- High Flyers: 3 Natural Gas Stocks for March 2022
- MarketBeat Week in Review – 4/29 – 5/3
- With Risk Tolerance, One Size Does Not Fit All
- Apple’s Earnings Show Investors Its Strength and Its Weakness
- How to invest in marijuana stocks in 7 steps
- Bargain Alert: 3 Large Caps With Extremely Oversold RSIs
Receive News & Ratings for BrightView Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BrightView and related companies with MarketBeat.com's FREE daily email newsletter.