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

BrightSpring Health Services, Inc. (NASDAQ:BTSG) has been given a consensus recommendation of “Moderate Buy” by the fifteen research firms that are covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold rating and fourteen have given a buy rating to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $18.50.

BTSG has been the topic of a number of recent research reports. UBS Group boosted 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. 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. Wells Fargo & Company upped their price objective on shares of BrightSpring Health Services from $17.00 to $21.00 and gave the company an “overweight” rating in a research report on Wednesday, November 27th. Mizuho lifted their target price on BrightSpring Health Services from $17.00 to $20.00 and gave the stock an “outperform” rating in a research report on Monday, November 4th. Finally, Bank of America boosted their price target on BrightSpring Health Services from $19.00 to $21.00 and gave the stock a “buy” rating in a research note on Wednesday, December 11th.

Hedge Funds Weigh In On BrightSpring Health Services

Several large investors have recently added to or reduced their stakes in the company. California State Teachers Retirement System acquired a new stake in BrightSpring Health Services during the first quarter worth about $59,000. Bank of New York Mellon Corp grew its holdings in shares of BrightSpring Health Services by 16.1% during the second quarter. Bank of New York Mellon Corp now owns 156,911 shares of the company’s stock valued at $1,783,000 after purchasing an additional 21,760 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in shares of BrightSpring Health Services during the 2nd quarter worth approximately $126,000. nVerses Capital LLC bought a new stake in shares of BrightSpring Health Services in the 2nd quarter worth approximately $55,000. Finally, Rhumbline Advisers boosted its position in BrightSpring Health Services by 20.4% during the 2nd quarter. Rhumbline Advisers now owns 73,643 shares of the company’s stock valued at $837,000 after purchasing an additional 12,479 shares during the period.

BrightSpring Health Services Trading Up 3.5 %

NASDAQ:BTSG opened at $18.56 on Monday. The business’s 50-day moving average is $17.49 and its two-hundred day moving average is $14.08. The firm has a market capitalization of $3.23 billion and a PE ratio of -71.38. BrightSpring Health Services has a 12 month low of $7.85 and a 12 month high of $20.25. The company has a debt-to-equity ratio of 1.63, a current ratio of 1.35 and a quick ratio of 0.97.

BrightSpring Health Services (NASDAQ:BTSG) last announced its earnings results on Friday, November 1st. The company reported $0.11 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.07). The company had revenue of $2.91 billion for the quarter, compared to analysts’ expectations of $2.72 billion. BrightSpring Health Services had a negative net margin of 0.38% and a positive return on equity of 4.16%. The company’s quarterly revenue was up 28.8% on a year-over-year basis. Research analysts predict that BrightSpring Health Services will post 0.59 earnings per share for the current fiscal 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.