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

BrightSpring Health Services, Inc. (NASDAQ:BTSG) has earned a consensus recommendation of “Moderate Buy” from the fifteen brokerages that are currently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a hold recommendation and fourteen have assigned a buy recommendation to the company. The average 12-month target price among analysts that have covered the stock in the last year is $18.65.

Several brokerages have commented on BTSG. Bank of America upped their price objective on shares of BrightSpring Health Services from $19.00 to $21.00 and gave the company a “buy” rating in a report on Wednesday, December 11th. BTIG Research upped their price target 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. KeyCorp initiated coverage on BrightSpring Health Services in a research report on Friday, October 11th. They set a “sector weight” rating on the stock. Mizuho boosted their price objective on BrightSpring Health Services from $17.00 to $20.00 and gave the company an “outperform” rating in a report on Monday, November 4th. Finally, UBS Group upped their target price on BrightSpring Health Services from $16.00 to $20.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th.

BrightSpring Health Services Stock Performance

Shares of BTSG stock opened at $17.27 on Monday. The business has a fifty day moving average of $17.72 and a 200 day moving average of $14.23. BrightSpring Health Services has a 1 year low of $7.85 and a 1 year 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. The firm has a market capitalization of $3.01 billion and a price-to-earnings ratio of -66.42.

BrightSpring Health Services (NASDAQ:BTSG) last released its earnings results on Friday, November 1st. The company reported $0.11 EPS for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.07). The firm had revenue of $2.91 billion for the quarter, compared to analyst estimates of $2.72 billion. BrightSpring Health Services had a positive return on equity of 4.16% and a negative net margin of 0.38%. The firm’s revenue for the quarter was up 28.8% compared to the same quarter last year. As a group, research analysts expect that BrightSpring Health Services will post 0.59 earnings per share for the current year.

Institutional Investors Weigh In On BrightSpring Health Services

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

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.