Brokerages Set BrightSpring Health Services, Inc. (NASDAQ:BTSG) Target Price at $40.42

BrightSpring Health Services, Inc. (NASDAQ:BTSG) has been assigned an average recommendation of “Moderate Buy” from the sixteen research firms that are currently covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a hold recommendation, thirteen have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $40.4167.

A number of equities analysts have recently commented on the company. William Blair started coverage on BrightSpring Health Services in a research note on Monday, December 8th. They issued an “outperform” rating on the stock. Morgan Stanley lifted their price target on BrightSpring Health Services from $25.00 to $32.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 14th. UBS Group upped their price target on BrightSpring Health Services from $35.00 to $42.00 and gave the stock a “buy” rating in a report on Wednesday, October 29th. BMO Capital Markets started coverage on shares of BrightSpring Health Services in a research note on Thursday, November 13th. They issued an “outperform” rating and a $40.00 price objective on the stock. Finally, Wells Fargo & Company boosted their target price on shares of BrightSpring Health Services from $39.00 to $43.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 7th.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. CWM LLC grew its stake in shares of BrightSpring Health Services by 105.3% in the 3rd quarter. CWM LLC now owns 1,595 shares of the company’s stock valued at $47,000 after purchasing an additional 818 shares during the period. EverSource Wealth Advisors LLC acquired a new stake in BrightSpring Health Services in the 2nd quarter valued at $43,000. GAMMA Investing LLC grew its position in BrightSpring Health Services by 134.8% in the fourth quarter. GAMMA Investing LLC now owns 2,259 shares of the company’s stock valued at $85,000 after acquiring an additional 1,297 shares during the period. Amalgamated Bank raised its stake in BrightSpring Health Services by 62.7% during the third quarter. Amalgamated Bank now owns 3,041 shares of the company’s stock worth $90,000 after acquiring an additional 1,172 shares in the last quarter. Finally, Sandia Investment Management LP bought a new position in shares of BrightSpring Health Services during the second quarter valued at $118,000.

BrightSpring Health Services Price Performance

NASDAQ BTSG opened at $39.60 on Tuesday. BrightSpring Health Services has a 1 year low of $15.48 and a 1 year high of $41.03. The company has a fifty day simple moving average of $36.75 and a 200 day simple moving average of $29.79. The company has a current ratio of 1.79, a quick ratio of 1.38 and a debt-to-equity ratio of 1.36. The company has a market cap of $7.14 billion, a P/E ratio of 64.92, a P/E/G ratio of 0.53 and a beta of 2.35.

BrightSpring Health Services (NASDAQ:BTSG) last released its earnings results on Monday, October 20th. The company reported $0.30 earnings per share for the quarter, topping analysts’ consensus estimates of $0.27 by $0.03. BrightSpring Health Services had a net margin of 1.04% and a return on equity of 11.61%. The firm had revenue of $3.33 billion during the quarter, compared to analyst estimates of $3.16 billion. On average, sell-side analysts predict that BrightSpring Health Services will post 0.59 EPS for the current year.

BrightSpring Health Services Company Profile

BrightSpring Health Services (NASDAQ: BTSG) is a leading provider of home and community-based care and workforce solutions aimed at seniors, individuals with disabilities and those facing behavioral health challenges. The company’s operations encompass a broad spectrum of services, including personal care, skilled nursing, therapy, habilitation and supported living, as well as specialized behavioral health programs delivered through both clinical and non-clinical channels.

Through its network of subsidiary brands, BrightSpring offers integrated care in the patient’s home environment, fostering independence and improving quality of life.