BrightView (NYSE:BV) Price Target Raised to $14.00 at Morgan Stanley

BrightView (NYSE:BV) had its price target lifted by Morgan Stanley from $13.00 to $14.00 in a report published on Monday morning,Benzinga reports. They currently have an equal weight rating on the stock.

BV has been the subject of a number of other research reports. JPMorgan Chase & Co. upped their price objective on shares of BrightView from $12.00 to $13.00 and gave the company an “underweight” rating in a research report on Thursday, February 5th. Zacks Research upgraded BrightView from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 4th. Robert W. Baird reduced their price objective on BrightView from $19.00 to $15.00 and set an “outperform” rating for the company in a research report on Thursday, November 20th. CJS Securities raised BrightView to a “strong-buy” rating in a report on Thursday, December 11th. Finally, BTIG Research assumed coverage on BrightView in a research note on Monday, December 1st. They issued a “buy” rating and a $15.00 target price for the company. Two equities research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, two have assigned a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $14.68.

BrightView Stock Down 0.3%

BV opened at $13.76 on Monday. The business has a 50 day moving average of $13.29 and a 200-day moving average of $13.21. The stock has a market capitalization of $1.30 billion, a price-to-earnings ratio of -687.75 and a beta of 1.28. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.64. BrightView has a 1-year low of $11.06 and a 1-year high of $17.10.

BrightView (NYSE:BV) last announced its earnings results on Tuesday, February 3rd. The company reported ($0.01) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.02). BrightView had a return on equity of 7.85% and a net margin of 1.90%.The company had revenue of $614.70 million for the quarter, compared to the consensus estimate of $589.91 million. During the same period last year, the firm posted $0.04 EPS. The company’s revenue was up 2.6% compared to the same quarter last year. As a group, sell-side analysts anticipate that BrightView will post 0.73 earnings per share for the current year.

Insider Activity

In related news, Director William L. Cornog bought 5,000 shares of the company’s stock in a transaction dated Friday, February 6th. The stock was acquired at an average cost of $13.46 per share, with a total value of $67,300.00. Following the acquisition, the director owned 5,000 shares in the company, valued at approximately $67,300. This represents a ? increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 2.80% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. Mercer Global Advisors Inc. ADV boosted its stake in shares of BrightView by 9.7% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 35,505 shares of the company’s stock valued at $450,000 after purchasing an additional 3,152 shares in the last quarter. Mackenzie Financial Corp lifted its holdings in BrightView by 21.4% during the 4th quarter. Mackenzie Financial Corp now owns 198,089 shares of the company’s stock valued at $2,507,000 after purchasing an additional 34,902 shares during the last quarter. Pillsbury Lake Capital LLC bought a new position in BrightView during the 4th quarter valued at about $6,208,000. XTX Topco Ltd boosted its position in BrightView by 192.5% in the fourth quarter. XTX Topco Ltd now owns 148,170 shares of the company’s stock valued at $1,877,000 after buying an additional 97,510 shares in the last quarter. Finally, VARCOV Co. bought a new stake in BrightView during the fourth quarter worth about $429,000. 92.41% of the stock is currently owned by institutional investors and hedge funds.

About BrightView

BrightView Inc (NYSE:BV) is a leading commercial landscaping services company in the United States, offering a comprehensive suite of outdoor asset management solutions. The company’s core business activities include landscape maintenance, development and enhancement services tailored to a wide array of clients such as corporate campuses, healthcare facilities, multi-family residential properties, retail centers and municipalities.

BrightView’s service portfolio covers routine grounds maintenance, landscape construction and design-build, irrigation system installation and management, tree care, seasonal color programs and snow and ice management.