Barron's: A Sunny Outlook for the Nation’s Landscaper
Barron’s magazine summarized BrightView’s first quarter as a publicly traded company and provided an outlook “far sunnier than its stock price suggests.” This year’s weather included the largest April snowstorm in decades for the East Coast, followed by record rainfall this summer in many states. BrightView CEO Andrew Masterman told Barron’s that the early April storms cost BrightView nearly $5 million in sales.
Barron’s also mentions how BrightView made eight acquisition deals since 2017 for a total of $161 million. One analyst estimated another $2 billion worth of potential acquisitions that could double BrightView’s size, putting a price target of $25 on BrightView shares.