Brokerages Set BrightView Holdings, Inc. (NYSE:BV) Price Target at $17.11

Shares of BrightView Holdings, Inc. (NYSE:BV) have been assigned an average rating of “Moderate Buy” from the ten analysts that are currently covering the company, Marketbeat reports. Two analysts have rated the stock with a sell rating, one has assigned a hold rating, six have issued a buy rating and one has issued a strong buy rating on the company. The average 12-month price target among brokers that have covered the stock in the last year is $17.11.

Several equities analysts recently commented on the company. Loop Capital raised their target price on BrightView from $18.00 to $20.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. The Goldman Sachs Group raised their target price on BrightView from $11.30 to $12.90 and gave the stock a “sell” rating in a research report on Friday, November 15th. Robert W. Baird raised their target price on BrightView from $18.00 to $20.00 and gave the stock an “outperform” rating in a research report on Thursday, November 14th. Morgan Stanley raised their target price on BrightView from $15.00 to $16.00 and gave the stock an “equal weight” rating in a research report on Thursday, December 12th. Finally, BTIG Research started coverage on BrightView in a research report on Monday, December 2nd. They issued a “buy” rating and a $22.00 price objective for the company.

BrightView Price Performance

BrightView stock opened at $13.47 on Friday. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.43 and a quick ratio of 1.43. The company has a market capitalization of $1.29 billion, a PE ratio of 74.81 and a beta of 1.29. BrightView has a one year low of $8.26 and a one year high of $18.89. The business has a 50 day simple moving average of $15.53 and a 200 day simple moving average of $15.91.

Institutional Investors Weigh In On BrightView

Several hedge funds and other institutional investors have recently made changes to their positions in BV. The Manufacturers Life Insurance Company increased its stake in shares of BrightView by 8.7% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 17,896 shares of the company’s stock valued at $238,000 after buying an additional 1,431 shares during the period. SG Americas Securities LLC increased its stake in shares of BrightView by 73.1% in the 3rd quarter. SG Americas Securities LLC now owns 13,563 shares of the company’s stock valued at $213,000 after buying an additional 5,727 shares during the period. Creative Planning increased its stake in shares of BrightView by 7.0% in the 3rd quarter. Creative Planning now owns 24,019 shares of the company’s stock valued at $378,000 after buying an additional 1,564 shares during the period. Rice Hall James & Associates LLC increased its stake in shares of BrightView by 24.6% in the 3rd quarter. Rice Hall James & Associates LLC now owns 231,835 shares of the company’s stock valued at $3,649,000 after buying an additional 45,793 shares during the period. Finally, Harbor Capital Advisors Inc. increased its stake in shares of BrightView by 150.5% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 632,394 shares of the company’s stock valued at $9,954,000 after buying an additional 379,916 shares during the period. 92.41% of the stock is owned by institutional investors and hedge funds.

BrightView Company Profile

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.