Brokerages Set BrightSpring Health Services, Inc. (NASDAQ:BTSG) Target Price at $20.80

Shares of BrightSpring Health Services, Inc. (NASDAQ:BTSG - Get Free Report) have received a consensus rating of "Moderate Buy" from the eleven brokerages that are covering the company, Marketbeat.com reports. One research analyst has rated the stock with a hold recommendation and ten have given a buy recommendation to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $20.80.

BTSG has been the topic of several research reports. CJS Securities initiated coverage on shares of BrightSpring Health Services in a report on Thursday, December 12th. They issued an "outperform" rating and a $27.00 target price on the stock. Mizuho raised their target price on shares of BrightSpring Health Services from $17.00 to $20.00 and gave the stock an "outperform" rating in a report on Monday, November 4th. Wells Fargo & Company increased their price target on shares of BrightSpring Health Services from $17.00 to $21.00 and gave the stock an "overweight" rating in a research report on Wednesday, November 27th. Morgan Stanley raised their price objective on shares of BrightSpring Health Services from $19.00 to $20.00 and gave the company an "overweight" rating in a research report on Tuesday, December 17th. Finally, Bank of America raised their price objective on shares of BrightSpring Health Services from $19.00 to $21.00 and gave the company a "buy" rating in a research report on Wednesday, December 11th.

Hedge Funds Weigh In On BrightSpring Health Services

A number of institutional investors and hedge funds have recently made changes to their positions in the business. BNP Paribas Financial Markets grew its stake in shares of BrightSpring Health Services by 5.0% in the 3rd quarter. BNP Paribas Financial Markets now owns 21,329 shares of the company's stock worth $313,000 after buying an additional 1,011 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in BrightSpring Health Services by 3.5% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 30,649 shares of the company's stock valued at $522,000 after buying an additional 1,032 shares in the last quarter. Rhumbline Advisers raised its holdings in shares of BrightSpring Health Services by 1.5% in the 4th quarter. Rhumbline Advisers now owns 73,583 shares of the company's stock valued at $1,253,000 after purchasing an additional 1,118 shares in the last quarter. MetLife Investment Management LLC raised its holdings in shares of BrightSpring Health Services by 4.9% in the 4th quarter. MetLife Investment Management LLC now owns 33,117 shares of the company's stock valued at $564,000 after purchasing an additional 1,548 shares in the last quarter. Finally, Quarry LP bought a new stake in shares of BrightSpring Health Services in the 4th quarter valued at about $29,000.

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BrightSpring Health Services Stock Performance

BTSG stock traded down $0.36 on Friday, hitting $18.15. The company had a trading volume of 1,478,711 shares, compared to its average volume of 1,507,656. BrightSpring Health Services has a 12-month low of $7.85 and a 12-month high of $24.82. The company has a current ratio of 1.35, a quick ratio of 0.97 and a debt-to-equity ratio of 1.63. The stock's 50-day simple moving average is $20.01 and its 200 day simple moving average is $17.40. The stock has a market cap of $3.16 billion and a price-to-earnings ratio of -69.81.

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.