BrightSpring Health Services, Inc. (NASDAQ:BTSG) Receives $18.65 Consensus Price Target from Brokerages

BrightSpring Health Services, Inc. (NASDAQ:BTSG - Get Free Report) has earned an average recommendation of "Moderate Buy" from the fifteen research firms that are presently covering the stock, MarketBeat Ratings 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 1-year target price among brokers that have issued a report on the stock in the last year is $18.65.

Several analysts have issued reports on BTSG shares. Bank of America boosted their price target on BrightSpring Health Services from $19.00 to $21.00 and gave the company a "buy" rating in a report on Wednesday, December 11th. Wells Fargo & Company increased their target price on shares of BrightSpring Health Services from $17.00 to $21.00 and gave the stock an "overweight" rating in a report on Wednesday, November 27th. Morgan Stanley raised their target price on shares of BrightSpring Health Services from $19.00 to $20.00 and gave the stock an "overweight" rating in a research note on Tuesday, December 17th. Mizuho upped their price target on shares of 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, CJS Securities initiated coverage on shares of BrightSpring Health Services in a research report on Thursday, December 12th. They set an "outperform" rating and a $27.00 price objective on the stock.

BrightSpring Health Services Stock Performance

Shares of NASDAQ:BTSG traded down $0.15 during trading on Friday, hitting $17.17. The company's stock had a trading volume of 1,417,377 shares, compared to its average volume of 1,290,296. The company has a 50-day moving average of $18.22 and a 200-day moving average of $14.89. 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 cap of $2.99 billion and a price-to-earnings ratio of -66.04. BrightSpring Health Services has a 12 month low of $7.85 and a 12 month high of $20.25.

BrightSpring Health Services (NASDAQ:BTSG - Get Free Report) last issued its quarterly earnings results 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). The business had revenue of $2.91 billion for the quarter, compared to analysts' expectations 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 company's revenue was up 28.8% on a year-over-year basis. On average, sell-side analysts expect that BrightSpring Health Services will post 0.59 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. BNP Paribas Financial Markets raised its stake in BrightSpring Health Services by 5.0% during the third quarter. BNP Paribas Financial Markets now owns 21,329 shares of the company's stock valued at $313,000 after purchasing an additional 1,011 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of BrightSpring Health Services by 1.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 440,335 shares of the company's stock valued at $6,464,000 after acquiring an additional 6,326 shares during the last quarter. Geode Capital Management LLC grew its position in BrightSpring Health Services by 0.6% in the third 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 in the last quarter. nVerses Capital LLC increased its stake in BrightSpring Health Services by 195.8% during the third quarter. nVerses Capital LLC now owns 14,200 shares of the company's stock worth $208,000 after acquiring an additional 9,400 shares during the last quarter. Finally, Intech Investment Management LLC purchased a new stake in BrightSpring Health Services during the third quarter valued at approximately $159,000.

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.