Robert W. Baird Issues Positive Forecast for BrightView (NYSE:BV) Stock Price

BrightView (NYSE:BV) had its target price upped by Robert W. Baird from $18.00 to $20.00 in a research note released on Thursday morning,Benzinga reports. Robert W. Baird currently has an outperform rating on the stock.

Several other research firms have also recently issued reports on BV. Loop Capital raised shares of BrightView to a “strong-buy” rating in a research note on Tuesday, July 30th. The Goldman Sachs Group lifted their price objective on shares of BrightView from $10.00 to $11.30 and gave the stock a “sell” rating in a report on Friday, August 2nd. Baird R W upgraded BrightView from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 30th. JPMorgan Chase & Co. raised their target price on BrightView from $11.00 to $14.00 and gave the company an “underweight” rating in a research note on Friday, August 2nd. Finally, Jefferies Financial Group upgraded shares of BrightView from a “hold” rating to a “buy” rating and lifted their price objective for the company from $13.00 to $17.00 in a research note on Wednesday, August 21st. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, BrightView presently has an average rating of “Moderate Buy” and an average target price of $16.41.

BrightView Stock Down 1.3 %

Shares of BV stock traded down $0.20 during trading on Thursday, reaching $15.61. The company’s stock had a trading volume of 467,633 shares, compared to its average volume of 621,192. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.45 and a quick ratio of 1.45. 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 stock’s 50-day moving average price is $16.21 and its 200 day moving average price is $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 hedge funds and other institutional investors have recently added to or reduced their stakes in BV. Susquehanna Fundamental Investments LLC bought a new position in shares of BrightView during the 1st quarter worth approximately $155,000. Sei Investments Co. increased its holdings in BrightView by 6.1% in the 1st quarter. Sei Investments Co. now owns 238,834 shares of the company’s stock worth $2,842,000 after purchasing an additional 13,756 shares in the last quarter. Russell Investments Group Ltd. increased its holdings in BrightView by 173.7% in the 1st quarter. Russell Investments Group Ltd. now owns 29,563 shares of the company’s stock worth $352,000 after purchasing an additional 18,763 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of BrightView by 4.8% in the first quarter. Vanguard Group Inc. now owns 4,031,524 shares of the company’s stock valued at $47,975,000 after buying an additional 185,327 shares during the period. Finally, Hillsdale Investment Management Inc. increased its stake in shares of BrightView by 8.6% in the first quarter. Hillsdale Investment Management Inc. now owns 476,000 shares of the company’s stock valued at $5,664,000 after buying an additional 37,600 shares during the period. Institutional investors 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.