BrightView (NYSE:BV) Coverage Initiated by Analysts at Oppenheimer

Analysts at Oppenheimer started coverage on shares of BrightView (NYSE:BV) in a research report issued on Wednesday, MarketBeat reports. The firm set an “outperform” rating and a $17.00 price target on the stock. Oppenheimer’s price objective suggests a potential upside of 33.60% from the company’s previous close.

A number of other analysts also recently commented on the company. JPMorgan Chase & Co. raised BrightView from an “underweight” rating to a “neutral” rating and increased their price target for the company from $13.00 to $14.00 in a research report on Thursday, May 7th. BTIG Research reaffirmed a “buy” rating and set a $16.00 price target on shares of BrightView in a research report on Monday, May 11th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of BrightView in a research report on Monday, May 4th. Finally, Morgan Stanley increased their price target on BrightView from $13.00 to $14.00 and gave the company an “equal weight” rating in a research report on Monday, March 2nd. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $15.30.

BrightView Stock Performance

Shares of BV opened at $12.73 on Wednesday. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 0.66. The company has a market capitalization of $1.19 billion, a price-to-earnings ratio of -181.79 and a beta of 1.19. The stock has a 50 day moving average of $12.39 and a 200 day moving average of $12.69. BrightView has a 12 month low of $11.06 and a 12 month high of $17.10.

BrightView (NYSE:BV) last issued its quarterly earnings results on Tuesday, May 5th. The company reported $0.09 EPS for the quarter, beating analysts’ consensus estimates of $0.08 by $0.01. The company had revenue of $702.90 million during the quarter, compared to the consensus estimate of $638.80 million. BrightView had a return on equity of 7.25% and a net margin of 1.70%.BrightView’s revenue was up 6.1% on a year-over-year basis. During the same period last year, the business posted $0.14 earnings per share. As a group, sell-side analysts forecast that BrightView will post 0.57 earnings per share for the current year.

Hedge Funds Weigh In On BrightView

Several institutional investors and hedge funds have recently bought and sold shares of the company. Royal Bank of Canada boosted its holdings in shares of BrightView by 4.7% in the first quarter. Royal Bank of Canada now owns 699,959 shares of the company’s stock worth $8,988,000 after acquiring an additional 31,291 shares during the period. AQR Capital Management LLC boosted its holdings in shares of BrightView by 75.9% in the first quarter. AQR Capital Management LLC now owns 209,995 shares of the company’s stock worth $2,696,000 after acquiring an additional 90,627 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of BrightView by 7.1% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 35,443 shares of the company’s stock worth $455,000 after acquiring an additional 2,349 shares during the period. Millennium Management LLC boosted its holdings in shares of BrightView by 54.2% in the first quarter. Millennium Management LLC now owns 1,456,682 shares of the company’s stock worth $18,704,000 after acquiring an additional 512,098 shares during the period. Finally, Goldman Sachs Group Inc. boosted its holdings in shares of BrightView by 11.3% in the first quarter. Goldman Sachs Group Inc. now owns 1,658,306 shares of the company’s stock worth $21,293,000 after acquiring an additional 167,966 shares during the period. 92.41% of the stock is owned by institutional investors.

BrightView Company Profile

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.