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

BrightSpring Health Services, Inc. (NASDAQ:BTSG) has received an average recommendation of “Moderate Buy” from the fifteen analysts that are currently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold rating and fourteen have given a buy rating to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $19.42.

Several equities research analysts recently weighed in on BTSG shares. Mizuho increased their target price on shares of BrightSpring Health Services from $17.00 to $20.00 and gave the company an “outperform” rating in a research note on Monday, November 4th. CJS Securities initiated coverage on BrightSpring Health Services in a report on Thursday, December 12th. They set an “outperform” rating and a $27.00 price objective on the stock. Wells Fargo & Company boosted their price objective on BrightSpring Health Services from $17.00 to $21.00 and gave the company an “overweight” rating in a research report on Wednesday, November 27th. Morgan Stanley raised their target price on BrightSpring Health Services from $19.00 to $20.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 17th. Finally, UBS Group boosted their price target on shares of BrightSpring Health Services from $22.00 to $30.00 and gave the company a “buy” rating in a report on Wednesday, January 29th.

BrightSpring Health Services Price Performance

Shares of BrightSpring Health Services stock opened at $22.27 on Tuesday. The company has a debt-to-equity ratio of 1.63, a current ratio of 1.35 and a quick ratio of 0.97. The company has a market cap of $3.88 billion and a PE ratio of -85.65. The firm has a fifty day moving average price of $19.28 and a two-hundred day moving average price of $16.48. BrightSpring Health Services has a fifty-two week low of $7.85 and a fifty-two week high of $24.82.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. L & S Advisors Inc bought a new position in BrightSpring Health Services in the 3rd quarter valued at $1,247,000. Virtu Financial LLC bought a new position in shares of BrightSpring Health Services in the third quarter valued at about $522,000. Assenagon Asset Management S.A. acquired a new position in BrightSpring Health Services during the 3rd quarter worth about $1,822,000. LMR Partners LLP bought a new stake in BrightSpring Health Services during the 3rd quarter worth about $493,000. Finally, JPMorgan Chase & Co. grew its holdings in BrightSpring Health Services by 275.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 163,618 shares of the company’s stock worth $2,402,000 after acquiring an additional 120,005 shares during the last quarter.

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.