BrightSpring Health Services (NASDAQ:BTSG) Earns Outperform Rating from Analysts at CJS Securities

CJS Securities began coverage on shares of BrightSpring Health Services (NASDAQ:BTSG) in a research note published on Thursday, Marketbeat Ratings reports. The firm issued an outperform rating and a $27.00 price target on the stock.

Other equities analysts have also recently issued research reports about the company. Wells Fargo & Company lifted their price target on BrightSpring Health Services from $17.00 to $21.00 and gave the stock an “overweight” rating in a report on Wednesday, November 27th. Mizuho raised their price objective 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. BTIG Research lifted their price target on shares of BrightSpring Health Services from $15.00 to $20.00 and gave the company a “buy” rating in a research report on Thursday, October 3rd. Guggenheim lifted their price target on shares of BrightSpring Health Services from $15.00 to $18.00 and gave the company a “buy” rating in a research report on Tuesday, October 1st. Finally, Bank of America boosted 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. One research analyst has rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat.com, BrightSpring Health Services presently has an average rating of “Moderate Buy” and a consensus price target of $18.50.

BrightSpring Health Services Price Performance

Shares of NASDAQ BTSG opened at $18.56 on Thursday. BrightSpring Health Services has a fifty-two week low of $7.85 and a fifty-two week high of $20.25. 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 stock has a market capitalization of $3.23 billion and a price-to-earnings ratio of -71.38. The business has a 50-day moving average of $17.49 and a 200-day moving average of $14.07.

BrightSpring Health Services (NASDAQ:BTSG) last posted its quarterly earnings results on Friday, November 1st. The company reported $0.11 EPS for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.07). BrightSpring Health Services had a positive return on equity of 4.16% and a negative net margin of 0.38%. The business had revenue of $2.91 billion for the quarter, compared to the consensus estimate of $2.72 billion. The company’s quarterly revenue was up 28.8% compared to the same quarter last year. As a group, sell-side analysts predict that BrightSpring Health Services will post 0.59 earnings per share for the current fiscal year.

Institutional Trading of BrightSpring Health Services

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. FMR LLC grew its stake in shares of BrightSpring Health Services by 17.2% during the third quarter. FMR LLC now owns 18,169,187 shares of the company’s stock worth $266,724,000 after buying an additional 2,664,582 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of BrightSpring Health Services by 0.6% during the third quarter. Geode Capital Management LLC now owns 1,304,214 shares of the company’s stock worth $19,150,000 after buying an additional 7,750 shares during the last quarter. State Street Corp grew its stake in shares of BrightSpring Health Services by 7.4% during the third quarter. State Street Corp now owns 1,239,628 shares of the company’s stock worth $18,198,000 after buying an additional 85,464 shares during the last quarter. Magnetar Financial LLC grew its stake in shares of BrightSpring Health Services by 46.9% during the second quarter. Magnetar Financial LLC now owns 1,188,302 shares of the company’s stock worth $13,499,000 after buying an additional 379,149 shares during the last quarter. Finally, HBK Investments L P grew its stake in shares of BrightSpring Health Services by 7.1% during the third quarter. HBK Investments L P now owns 750,000 shares of the company’s stock worth $11,010,000 after buying an additional 50,000 shares during the last quarter.

About BrightSpring Health Services

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.