BrightView (NYSE:BV) Stock Rating Upgraded by JPMorgan Chase & Co.

BrightView (NYSE:BV) was upgraded by investment analysts at JPMorgan Chase & Co. from an “underweight” rating to a “neutral” rating in a report released on Thursday, MarketBeat reports. The brokerage currently has a $14.00 price objective on the stock, up from their previous price objective of $13.00. JPMorgan Chase & Co.‘s price objective indicates a potential upside of 7.98% from the stock’s previous close.

Several other research analysts also recently weighed in on the stock. Morgan Stanley increased their price target on shares of BrightView from $13.00 to $14.00 and gave the stock an “equal weight” rating in a research report on Monday, March 2nd. Weiss Ratings reiterated a “sell (d+)” rating on shares of BrightView in a research report on Monday. Finally, The Goldman Sachs Group reiterated a “sell” rating and issued a $11.10 price target on shares of BrightView in a research report on Monday, February 9th. Two investment analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, BrightView currently has a consensus rating of “Hold” and a consensus target price of $14.85.

BrightView Stock Down 0.2%

Shares of BrightView stock opened at $12.97 on Thursday. The company has a market cap of $1.21 billion, a price-to-earnings ratio of -185.21 and a beta of 1.20. The company’s 50 day moving average is $12.25 and its 200 day moving average is $12.66. BrightView has a twelve month low of $11.06 and a twelve month high of $17.10. The company has a quick ratio of 1.26, a current ratio of 1.23 and a debt-to-equity ratio of 0.66.

BrightView (NYSE:BV) last issued its quarterly earnings data on Tuesday, May 5th. The company reported $0.09 earnings per share for the quarter, beating analysts’ consensus estimates of $0.08 by $0.01. BrightView had a net margin of 1.70% and a return on equity of 7.25%. The company had revenue of $702.90 million for the quarter, compared to the consensus estimate of $638.80 million. During the same quarter in the prior year, the firm earned $0.14 earnings per share. The firm’s revenue for the quarter was up 6.1% compared to the same quarter last year. Research analysts anticipate that BrightView will post 0.59 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in BV. Van Berkom & Associates Inc. raised its position in shares of BrightView by 3.7% during the 1st quarter. Van Berkom & Associates Inc. now owns 5,038,617 shares of the company’s stock valued at $59,405,000 after purchasing an additional 179,757 shares during the period. Dimensional Fund Advisors LP raised its position in shares of BrightView by 3.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 5,268,756 shares of the company’s stock valued at $62,118,000 after purchasing an additional 192,376 shares during the period. Bessemer Group Inc. raised its position in shares of BrightView by 5.6% during the 1st quarter. Bessemer Group Inc. now owns 1,879,712 shares of the company’s stock valued at $22,162,000 after purchasing an additional 99,103 shares during the period. Bleakley Financial Group LLC raised its position in shares of BrightView by 25.6% during the 1st quarter. Bleakley Financial Group LLC now owns 130,041 shares of the company’s stock valued at $1,533,000 after purchasing an additional 26,464 shares during the period. Finally, Inspire Investing LLC raised its position in shares of BrightView by 17.8% during the 1st quarter. Inspire Investing LLC now owns 43,556 shares of the company’s stock valued at $514,000 after purchasing an additional 6,583 shares during the period. 92.41% of the stock is currently owned by institutional investors.

About BrightView

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.