BrightSpring Health Services (NASDAQ:BTSG) Price Target Raised to $20.00 at Mizuho

BrightSpring Health Services (NASDAQ:BTSG - Get Free Report) had its target price hoisted by investment analysts at Mizuho from $17.00 to $20.00 in a research note issued to investors on Monday, Benzinga reports. The brokerage currently has an "outperform" rating on the stock. Mizuho's target price would suggest a potential upside of 18.98% from the company's current price.

Other research analysts have also issued research reports about the stock. BTIG Research increased their price target on shares of BrightSpring Health Services from $15.00 to $20.00 and gave the stock a "buy" rating in a research note on Thursday, October 3rd. KeyCorp started coverage on shares of BrightSpring Health Services in a report on Friday, October 11th. They issued a "sector weight" rating for the company. The Goldman Sachs Group reduced their price target on shares of BrightSpring Health Services from $21.00 to $18.00 and set a "buy" rating for the company in a report on Friday, August 9th. UBS Group raised their price objective on shares of BrightSpring Health Services from $16.00 to $20.00 and gave the stock a "buy" rating in a report on Wednesday, October 30th. Finally, Guggenheim increased their target price on shares of BrightSpring Health Services from $15.00 to $18.00 and gave the stock a "buy" rating in a research report on Tuesday, October 1st. One equities research analyst has rated the stock with a hold rating and thirteen have issued a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $16.79.

BrightSpring Health Services Trading Down 2.6 %

Shares of NASDAQ:BTSG traded down $0.44 during mid-day trading on Monday, hitting $16.81. The stock had a trading volume of 1,489,082 shares, compared to its average volume of 1,496,220. The company has a market cap of $2.88 billion and a PE ratio of -66.73. The company has a debt-to-equity ratio of 1.62, a quick ratio of 1.00 and a current ratio of 1.33. The company's 50 day moving average is $14.58 and its 200-day moving average is $12.47. BrightSpring Health Services has a 12-month low of $7.85 and a 12-month high of $17.54.

BrightSpring Health Services (NASDAQ:BTSG - Get Free Report) last released its quarterly earnings data 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. The company's revenue for the quarter was up 28.8% on a year-over-year basis. On average, sell-side analysts predict that BrightSpring Health Services will post 0.57 EPS for the current year.

Insider Transactions at BrightSpring Health Services

In other BrightSpring Health Services news, major shareholder Kkr Group Partnership L.P. purchased 11,619,998 shares of the company's stock in a transaction dated Wednesday, September 11th. The shares were bought at an average price of $11.13 per share, with a total value of $129,330,577.74. Following the completion of the transaction, the insider now directly owns 92,959,984 shares in the company, valued at $1,034,644,621.92. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Institutional Investors Weigh In On BrightSpring Health Services

Hedge funds and other institutional investors have recently bought and sold shares of the company. nVerses Capital LLC acquired a new position in shares of BrightSpring Health Services during the 2nd quarter worth approximately $55,000. Ameritas Investment Partners Inc. acquired a new position in BrightSpring Health Services in the 1st quarter valued at $58,000. California State Teachers Retirement System acquired a new position in BrightSpring Health Services in the 1st quarter valued at $59,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in shares of BrightSpring Health Services during the 2nd quarter worth $126,000. Finally, Arizona State Retirement System acquired a new position in shares of BrightSpring Health Services during the 2nd quarter worth $163,000.

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.