BrightSpring Health Services, Inc. (NASDAQ:BTSG) Receives $23.56 Average Price Target from Analysts

Shares of BrightSpring Health Services, Inc. (NASDAQ:BTSG) have been assigned a consensus recommendation of “Moderate Buy” from the ten analysts that are covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a hold rating and nine have given a buy rating to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $23.56.

Several equities research analysts have commented on the company. Morgan Stanley boosted their target price on BrightSpring Health Services from $20.00 to $25.00 and gave the stock an “overweight” rating in a report on Friday, May 9th. UBS Group upped their price objective on BrightSpring Health Services from $22.00 to $30.00 and gave the stock a “buy” rating in a research note on Wednesday, January 29th. Mizuho set a $26.00 price target on BrightSpring Health Services in a research note on Monday, May 5th. Finally, Wells Fargo & Company upped their price objective on BrightSpring Health Services from $25.00 to $27.00 and gave the company an “overweight” rating in a research report on Tuesday, May 13th.

Institutional Trading of BrightSpring Health Services

Hedge funds have recently bought and sold shares of the company. Quarry LP purchased a new position in shares of BrightSpring Health Services in the 4th quarter valued at $29,000. R Squared Ltd acquired a new position in shares of BrightSpring Health Services in the 4th quarter valued at about $74,000. IFP Advisors Inc boosted its stake in BrightSpring Health Services by 273,666.7% during the 1st quarter. IFP Advisors Inc now owns 8,213 shares of the company’s stock valued at $149,000 after purchasing an additional 8,210 shares during the period. Highland Capital Management LLC acquired a new position in BrightSpring Health Services during the 1st quarter valued at about $181,000. Finally, Envestnet Asset Management Inc. acquired a new stake in shares of BrightSpring Health Services in the 4th quarter worth approximately $188,000.

BrightSpring Health Services Stock Down 1.3%

BTSG stock opened at $24.11 on Thursday. 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 capitalization of $4.20 billion, a price-to-earnings ratio of -92.73 and a beta of 2.06. BrightSpring Health Services has a fifty-two week low of $10.15 and a fifty-two week high of $24.82. The stock has a fifty day moving average of $18.72 and a 200-day moving average of $19.07.

BrightSpring Health Services (NASDAQ:BTSG) last announced its quarterly earnings data on Friday, May 2nd. The company reported $0.19 earnings per share for the quarter, beating analysts’ consensus estimates of $0.09 by $0.10. The company had revenue of $2.88 billion for the quarter, compared to analysts’ expectations of $2.74 billion. BrightSpring Health Services had a positive return on equity of 4.16% and a negative net margin of 0.38%. BrightSpring Health Services’s revenue for the quarter was up 25.9% compared to the same quarter last year. During the same period last year, the firm posted $0.12 EPS. As a group, equities research analysts predict that BrightSpring Health Services will post 0.59 earnings per share for the current year.

BrightSpring Health Services Company Profile

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.