Shares of BrightSpring Health Services, Inc. (NASDAQ:BTSG - Get Free Report) have earned a consensus rating of "Moderate Buy" from the ten ratings firms that are presently covering the company, MarketBeat reports. One investment analyst has rated the stock with a hold rating and nine have issued a buy rating on the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $21.67.
A number of research analysts have issued reports on BTSG shares. Morgan Stanley upped their target price on shares of BrightSpring Health Services from $19.00 to $20.00 and gave the company an "overweight" rating in a report on Tuesday, December 17th. UBS Group increased their price objective on shares of BrightSpring Health Services from $22.00 to $30.00 and gave the stock a "buy" rating in a report on Wednesday, January 29th. Bank of America boosted their target price 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. Finally, CJS Securities began coverage on shares of BrightSpring Health Services in a report on Thursday, December 12th. They issued an "outperform" rating and a $27.00 price target on the stock.
View Our Latest Analysis on BTSG
BrightSpring Health Services Price Performance
BTSG traded down $0.38 during trading on Wednesday, reaching $18.03. 866,535 shares of the stock were exchanged, compared to its average volume of 1,277,616. 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 company has a market capitalization of $3.15 billion, a price-to-earnings ratio of -69.35 and a beta of 2.20. BrightSpring Health Services has a 1 year low of $9.98 and a 1 year high of $24.82. The business's 50 day moving average price is $20.13 and its two-hundred day moving average price is $18.06.
Institutional Investors Weigh In On BrightSpring Health Services
Several hedge funds have recently modified their holdings of the stock. Quarry LP acquired a new stake in BrightSpring Health Services in the fourth quarter valued at approximately $29,000. R Squared Ltd acquired a new stake in BrightSpring Health Services during the 4th quarter valued at $74,000. Intech Investment Management LLC purchased a new stake in BrightSpring Health Services during the 3rd quarter worth $159,000. Envestnet Asset Management Inc. acquired a new position in BrightSpring Health Services in the 4th quarter worth $188,000. Finally, KLP Kapitalforvaltning AS purchased a new position in BrightSpring Health Services in the 4th quarter valued at about $206,000.
About BrightSpring Health Services
(
Get Free ReportBrightSpring 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.
Featured Articles
Before you consider BrightSpring Health Services, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and BrightSpring Health Services wasn't on the list.
While BrightSpring Health Services currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Market downturns give many investors pause, and for good reason. Wondering how to offset this risk? Enter your email address to learn more about using beta to protect your portfolio.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
