BrightSpring Health Services (NASDAQ:BTSG) Coverage Initiated at CJS Securities

CJS Securities started coverage on shares of BrightSpring Health Services (NASDAQ:BTSG) in a research report released on Thursday, MarketBeat Ratings reports. The brokerage issued an outperform rating and a $27.00 price target on the stock.

Several other research firms have also issued reports on BTSG. Guggenheim boosted their target price on shares of BrightSpring Health Services from $15.00 to $18.00 and gave the company a “buy” rating in a report on Tuesday, October 1st. UBS Group boosted their target price on shares of BrightSpring Health Services from $16.00 to $20.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Mizuho boosted their target price on shares of BrightSpring Health Services from $17.00 to $20.00 and gave the company an “outperform” rating in a report on Monday, November 4th. BTIG Research boosted their target price on shares of BrightSpring Health Services from $15.00 to $20.00 and gave the company a “buy” rating in a report on Thursday, October 3rd. Finally, KeyCorp assumed coverage on shares of BrightSpring Health Services in a report on Friday, October 11th. They issued a “sector weight” rating on the stock. One equities research analyst has rated the stock with a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat, BrightSpring Health Services presently has a consensus rating of “Moderate Buy” and a consensus price target of $18.50.

BrightSpring Health Services Stock Performance

Shares of BrightSpring Health Services stock opened at $18.56 on Thursday. The company has a quick ratio of 0.97, a current ratio of 1.35 and a debt-to-equity ratio of 1.63. BrightSpring Health Services has a twelve month low of $7.85 and a twelve month high of $20.25. The stock has a market cap of $3.23 billion and a price-to-earnings ratio of -71.38. The company’s fifty day moving average is $17.49 and its 200 day moving average is $14.07.

BrightSpring Health Services (NASDAQ:BTSG) last issued its quarterly earnings data on Friday, November 1st. The company reported $0.11 earnings per share for the quarter, missing the consensus estimate 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 the consensus estimate of $2.72 billion. BrightSpring Health Services’s revenue for the quarter was up 28.8% compared to the same quarter last year. Sell-side analysts forecast that BrightSpring Health Services will post 0.59 EPS for the current year.

Hedge Funds Weigh In On BrightSpring Health Services

Several institutional investors have recently made changes to their positions in the stock. FMR LLC raised its holdings in shares of BrightSpring Health Services by 17.2% during the third quarter. FMR LLC now owns 18,169,187 shares of the company’s stock valued at $266,724,000 after purchasing an additional 2,664,582 shares during the period. Geode Capital Management LLC raised its holdings in shares of BrightSpring Health Services by 0.6% in the 3rd quarter. Geode Capital Management LLC now owns 1,304,214 shares of the company’s stock worth $19,150,000 after acquiring an additional 7,750 shares during the last quarter. State Street Corp raised its holdings in shares of BrightSpring Health Services by 7.4% in the 3rd quarter. State Street Corp now owns 1,239,628 shares of the company’s stock worth $18,198,000 after acquiring an additional 85,464 shares during the last quarter. Magnetar Financial LLC raised its holdings in shares of BrightSpring Health Services by 46.9% in the 2nd quarter. Magnetar Financial LLC now owns 1,188,302 shares of the company’s stock worth $13,499,000 after acquiring an additional 379,149 shares during the last quarter. Finally, HBK Investments L P raised its holdings in shares of BrightSpring Health Services by 7.1% in the 3rd quarter. HBK Investments L P now owns 750,000 shares of the company’s stock worth $11,010,000 after acquiring an additional 50,000 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.