BrightSpring Health Services, Inc. (NASDAQ:BTSG) Receives $15.77 Consensus Price Target from Brokerages

BrightSpring Health Services, Inc. (NASDAQ:BTSG) has received an average recommendation of “Buy” from the twelve analysts that are presently covering the company, Marketbeat.com reports. Twelve analysts have rated the stock with a buy rating. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $15.77.

A number of research firms have recently weighed in on BTSG. Wells Fargo & Company lifted their price target on shares of BrightSpring Health Services from $15.00 to $16.00 and gave the company an “overweight” rating in a research report on Monday, May 6th. BTIG Research initiated coverage on BrightSpring Health Services in a report on Friday, June 21st. They issued a “buy” rating and a $15.00 price objective for the company.

BrightSpring Health Services Trading Up 1.8 %

BTSG stock opened at $12.17 on Friday. BrightSpring Health Services has a fifty-two week low of $7.85 and a fifty-two week high of $12.21. The company has a current ratio of 1.26, a quick ratio of 0.96 and a debt-to-equity ratio of 1.62. The stock’s fifty day moving average price is $11.19.

BrightSpring Health Services (NASDAQ:BTSG) last released its quarterly earnings results on Thursday, May 2nd. The company reported $0.12 EPS for the quarter, beating the consensus estimate of $0.06 by $0.06. The business had revenue of $2.58 billion during the quarter, compared to analyst estimates of $2.31 billion. During the same quarter last year, the company posted ($0.10) earnings per share. The company’s revenue was up 27.0% on a year-over-year basis. Equities analysts predict that BrightSpring Health Services will post 0.59 EPS for the current fiscal year.

Institutional Trading of BrightSpring Health Services

Institutional investors and hedge funds have recently modified their holdings of the business. Capstone Investment Advisors LLC bought a new position in BrightSpring Health Services in the first quarter valued at about $9,722,000. Seven Grand Managers LLC acquired a new position in BrightSpring Health Services during the 1st quarter worth approximately $1,630,000. Farallon Capital Management LLC acquired a new position in BrightSpring Health Services during the 1st quarter worth approximately $239,000. 8 Knots Management LLC bought a new position in BrightSpring Health Services in the 1st quarter valued at approximately $67,678,000. Finally, Silvercrest Asset Management Group LLC acquired a new stake in BrightSpring Health Services in the first quarter valued at approximately $14,179,000.

About BrightSpring Health Services

BrightSpring Health Services, Inc operates a home and community-based healthcare services platform in the United States. The company's platform focuses on delivering pharmacy and provider services, including clinical and supportive care in home and community settings to Medicare, Medicaid, and insured populations.