BrightView (NYSE:BV) Hits New 1-Year High – Here’s Why

BrightView Holdings, Inc. (NYSE:BV)’s share price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $18.05 and last traded at $17.99, with a volume of 17161 shares changing hands. The stock had previously closed at $17.12.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. Baird R W upgraded shares of BrightView from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 30th. Morgan Stanley started coverage on BrightView in a research report on Thursday, August 22nd. They set an “equal weight” rating and a $16.00 target price on the stock. Loop Capital upgraded BrightView to a “strong-buy” rating in a research note on Tuesday, July 30th. Robert W. Baird upgraded BrightView from a “neutral” rating to an “outperform” rating and boosted their price objective for the company from $13.00 to $17.00 in a research note on Tuesday, July 30th. Finally, JPMorgan Chase & Co. raised their target price on shares of BrightView from $11.00 to $14.00 and gave the stock an “underweight” rating in a research report on Friday, August 2nd. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating, three have given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $15.47.

BrightView Stock Up 0.1 %

The company has a market capitalization of $1.73 billion, a PE ratio of 152.10 and a beta of 1.28. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.64. The firm has a 50 day simple moving average of $15.98 and a two-hundred day simple moving average of $14.41.

Institutional Trading of BrightView

Several hedge funds have recently made changes to their positions in the company. Innealta Capital LLC acquired a new stake in shares of BrightView in the 2nd quarter valued at approximately $102,000. Kathmere Capital Management LLC purchased a new position in BrightView in the second quarter worth $133,000. Quest Partners LLC acquired a new stake in BrightView in the third quarter valued at $153,000. Susquehanna Fundamental Investments LLC purchased a new stake in shares of BrightView during the 1st quarter worth $155,000. Finally, Caxton Associates LP acquired a new position in shares of BrightView during the 1st quarter worth $201,000. Institutional investors and hedge funds 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.