BrightView (NYSE:BV) Trading Up 6.6% – Should You Buy?

BrightView Holdings, Inc. (NYSE:BV) shares shot up 6.6% on Tuesday . The stock traded as high as $13.14 and last traded at $13.08. 419,986 shares traded hands during trading, a decline of 32% from the average session volume of 616,758 shares. The stock had previously closed at $12.27.

Analysts Set New Price Targets

BV has been the subject of a number of analyst reports. William Blair raised BrightView from a “market perform” rating to an “outperform” rating in a research report on Friday, November 15th. BTIG Research initiated coverage on shares of BrightView in a research report on Monday, December 2nd. They issued a “buy” rating and a $22.00 price objective on the stock. The Goldman Sachs Group raised their price objective on shares of BrightView from $11.30 to $12.90 and gave the company a “sell” rating in a report on Friday, November 15th. Robert W. Baird boosted their target price on shares of BrightView from $18.00 to $20.00 and gave the stock an “outperform” rating in a research note on Thursday, November 14th. Finally, Loop Capital raised their price target on BrightView from $18.00 to $20.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, BrightView presently has a consensus rating of “Moderate Buy” and an average price target of $17.41.

BrightView Price Performance

The company has a 50-day moving average of $14.68 and a 200-day moving average of $15.73. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.43 and a current ratio of 1.43. The stock has a market cap of $1.22 billion, a price-to-earnings ratio of 70.85 and a beta of 1.32.

Institutional Investors Weigh In On BrightView

Institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. lifted its position in shares of BrightView by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 5,830,873 shares of the company’s stock valued at $93,236,000 after acquiring an additional 59,857 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in BrightView by 12.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 4,063,472 shares of the company’s stock worth $64,976,000 after acquiring an additional 454,756 shares during the last quarter. Bessemer Group Inc. grew its stake in BrightView by 25.9% in the 4th quarter. Bessemer Group Inc. now owns 1,908,651 shares of the company’s stock worth $30,520,000 after acquiring an additional 393,103 shares during the period. Harvey Partners LLC raised its holdings in BrightView by 9.1% in the 3rd quarter. Harvey Partners LLC now owns 1,870,000 shares of the company’s stock valued at $29,434,000 after acquiring an additional 156,500 shares during the last quarter. Finally, Geode Capital Management LLC lifted its stake in shares of BrightView by 18.2% during the 3rd quarter. Geode Capital Management LLC now owns 1,337,545 shares of the company’s stock worth $21,057,000 after purchasing an additional 206,359 shares during the period. 92.41% of the stock is currently owned by hedge funds and other institutional investors.

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.