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

BrightSpring Health Services, Inc. (NASDAQ:BTSG - Get Free Report) has earned an average recommendation of "Moderate Buy" from the ten ratings firms that are currently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. The average 1-year price target among brokers that have covered the stock in the last year is $21.67.

Separately, UBS Group increased their price objective on BrightSpring Health Services from $22.00 to $30.00 and gave the stock a "buy" rating in a report on Wednesday, January 29th.

BrightSpring Health Services Trading Down 5.9 %

BrightSpring Health Services stock traded down $0.98 during trading hours on Friday, reaching $15.62. The stock had a trading volume of 869,012 shares, compared to its average volume of 1,281,562. The stock has a market cap of $2.73 billion, a PE ratio of -60.08 and a beta of 2.02. The company has a fifty day simple moving average of $18.25 and a 200-day simple moving average of $18.38. 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 has a 52 week low of $10.15 and a 52 week high of $24.82.

Hedge Funds Weigh In On BrightSpring Health Services

Large investors have recently made changes to their positions in the business. Quarry LP purchased a new position in BrightSpring Health Services during the fourth quarter valued at $29,000. R Squared Ltd purchased a new position in shares of BrightSpring Health Services in the 4th quarter worth about $74,000. Envestnet Asset Management Inc. bought a new position in BrightSpring Health Services in the 4th quarter worth about $188,000. KLP Kapitalforvaltning AS purchased a new stake in BrightSpring Health Services during the 4th quarter valued at about $206,000. Finally, Teacher Retirement System of Texas bought a new stake in BrightSpring Health Services during the 4th quarter valued at about $234,000.

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.