According to Benzinga, The Goldman Sachs Group announced on Tuesday that it would reduce its price objective for BrightView (NYSE: BV) from $10.50 to $9.10 in a research note that will be distributed to investors. This follows the announcement made by Goldman Sachs Group. According to the current rating system, the stock of the company is placed in the “neutral” category. The target price that Goldman Sachs Group determined represents an increase of 24.32 percent compared to the current price that the stock is trading.
Additionally, several additional research analysts have weighed in on the company over the past few months through published assessments. The previous rating of “c-” for BrightView was changed to “d+” in a research note published on December 1 by TheStreet. This rating represents a drop from the previous rating. In a research report published on November 21, Jefferies Financial Group lowered their target price for BrightView from $14.00 to $8.00 and downgraded the company from a “buy” rating to a “hold” rating. Both of these changes were made. The BrightView project was the subject of the study. JPMorgan Chase & Co. lowered their price objective on BrightView from $10.00 to $7.00 in a research report published on November 22, bringing it down from its previous level of $7.00. The report was released after JPMorgan Chase & Co.
When trading started on Tuesday, the share price of BrightView was established at $7.32 per share. Over the past 50 days, the moving averages for the company are $7.36, and over the last 200 days, they are $9.23. The company’s market capitalization to earnings ratio is 43.06, and its beta value is 1.27. The company’s total value, as measured by its market capitalization, is $680.76 million. The current price of BrightView represents a one-year high of $14.23, while the current price represents a one-year low of $5.78. The debt-to-equity ratio was calculated to be 1.09, the current ratio was calculated to be 1.39, and the quick ratio was calculated to be the same.
As a result of the recent activity in the market, several hedge funds have recently made adjustments to their holdings of the stock. Over the third quarter, Tower Research Capital LLC (TRC) increased the amount of BrightView stock owned by 89.9%. Tower Research Capital LLC (TRC) now has 3,420 shares of the company’s stock, currently valued at $27,000. This is because the company has made an additional purchase of 1,619 shares during the previous three months. In addition, Amalgamated Bank invested approximately $67,000 over the first three months of 2018 to acquire additional shares of BrightView. During the second quarter, Captrust Financial Advisors successfully increased the number of BrightView stock shares, which is owned by 121.9%. The value of Captrust Financial Advisors’ total holdings has increased to $94,000 due to the recent purchase of an additional 4,325 shares of the company’s stock. This purchase occurred approximately two months ago. In addition, Great West Life Assurance Company made an additional investment of $107,000 in BrightView thanks to the profits generated from the company’s business during the third quarter. Last but not least, during the first three months of 2018, Ergoteles LLC added approximately 139,000 dollars worth of new BrightView shares to its holdings. Institutional investors and hedge funds collectively own 94.15 percent of the company’s total shares, making up the majority of the shareholders.
BrightView Holdings, Inc. is a holding company that, through its subsidiaries, offers commercial landscaping services throughout the United States. BrightView Holdings provide these services. This section is made up of two distinct industries: the maintenance services sector and the development services sector. Both of these industries provide services to businesses. The Maintenance Services division provides typical commercial landscaping services such as mowing, gardening, mulching, snow removal, water management, irrigation maintenance, tree care, golf course maintenance, and specialty grass maintenance. Some of the standard commercial landscaping services include: