BrightSpring Health Services, Inc. (NASDAQ:BTSG) Given Average Recommendation of “Moderate Buy” by Brokerages

BrightSpring Health Services, Inc. (NASDAQ:BTSG) has earned an average rating of “Moderate Buy” from the fifteen ratings firms that are covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a hold recommendation and fourteen have given a buy recommendation to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $18.65.

BTSG has been the topic of several recent analyst reports. BTIG Research raised their price target on shares of BrightSpring Health Services from $15.00 to $20.00 and gave the stock a “buy” rating in a research note on Thursday, October 3rd. UBS Group raised their target price on shares of BrightSpring Health Services from $16.00 to $20.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. CJS Securities assumed coverage on shares of BrightSpring Health Services in a research note on Thursday, December 12th. They set an “outperform” rating and a $27.00 price target for the company. Morgan Stanley increased their price objective on BrightSpring Health Services from $19.00 to $20.00 and gave the stock an “overweight” rating in a research note on Tuesday. Finally, Guggenheim raised their price objective on BrightSpring Health Services from $15.00 to $18.00 and gave the stock a “buy” rating in a report on Tuesday, October 1st.

BrightSpring Health Services Trading Up 1.3 %

Shares of NASDAQ BTSG opened at $17.27 on Monday. BrightSpring Health Services has a fifty-two week low of $7.85 and a fifty-two week high of $20.25. The company has a debt-to-equity ratio of 1.63, a quick ratio of 0.97 and a current ratio of 1.35. The company has a market cap of $3.01 billion and a price-to-earnings ratio of -66.42. The business’s 50 day moving average price is $17.72 and its 200-day moving average price is $14.23.

BrightSpring Health Services (NASDAQ:BTSG) last released its earnings results on Friday, November 1st. The company reported $0.11 earnings per share for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.07). BrightSpring Health Services had a positive return on equity of 4.16% and a negative net margin of 0.38%. The business had revenue of $2.91 billion during the quarter, compared to analysts’ expectations of $2.72 billion. The company’s revenue for the quarter was up 28.8% compared to the same quarter last year. On average, sell-side analysts expect that BrightSpring Health Services will post 0.59 earnings per share for the current year.

Institutional Trading of BrightSpring Health Services

A number of institutional investors have recently modified their holdings of the company. nVerses Capital LLC purchased a new position in BrightSpring Health Services during the 2nd quarter worth $55,000. California State Teachers Retirement System acquired a new stake in BrightSpring Health Services in the first quarter worth about $59,000. Intech Investment Management LLC purchased a new stake in shares of BrightSpring Health Services during the third quarter worth about $159,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in shares of BrightSpring Health Services during the second quarter valued at about $126,000. Finally, Arizona State Retirement System purchased a new position in shares of BrightSpring Health Services in the 2nd quarter valued at approximately $163,000.

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.