BrightSpring Health Services, Inc. (NASDAQ:BTSG) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of BrightSpring Health Services, Inc. (NASDAQ:BTSG) have received an average recommendation of “Moderate Buy” from the ten analysts that are presently covering the stock, Marketbeat reports. One analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $21.67.

Several brokerages have commented on BTSG. Wells Fargo & Company lifted their target price on BrightSpring Health Services from $17.00 to $21.00 and gave the stock an “overweight” rating in a report on Wednesday, November 27th. Morgan Stanley lifted their price objective on BrightSpring Health Services from $19.00 to $20.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 17th. CJS Securities began coverage on shares of BrightSpring Health Services in a research report on Thursday, December 12th. They set an “outperform” rating and a $27.00 target price for the company. UBS Group boosted their price target on shares of BrightSpring Health Services from $22.00 to $30.00 and gave the stock a “buy” rating in a research report on Wednesday, January 29th. Finally, Bank of America increased their price objective on shares of BrightSpring Health Services from $19.00 to $21.00 and gave the stock a “buy” rating in a research report on Wednesday, December 11th.

BrightSpring Health Services Price Performance

Shares of NASDAQ:BTSG opened at $18.64 on Wednesday. The company has a debt-to-equity ratio of 1.63, a quick ratio of 0.97 and a current ratio of 1.35. BrightSpring Health Services has a 52 week low of $9.53 and a 52 week high of $24.82. The firm has a market cap of $3.26 billion, a PE ratio of -71.69 and a beta of 2.20. The firm’s fifty day moving average is $20.14 and its 200-day moving average is $17.99.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of BTSG. FMR LLC increased its stake in BrightSpring Health Services by 21.6% in the fourth quarter. FMR LLC now owns 22,102,490 shares of the company’s stock valued at $376,405,000 after purchasing an additional 3,933,303 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of BrightSpring Health Services by 5.3% in the 4th quarter. Vanguard Group Inc. now owns 5,325,093 shares of the company’s stock valued at $90,686,000 after buying an additional 268,132 shares during the period. Invesco Ltd. increased its position in BrightSpring Health Services by 1.0% in the 4th quarter. Invesco Ltd. now owns 4,378,562 shares of the company’s stock valued at $74,567,000 after buying an additional 41,991 shares in the last quarter. Price T Rowe Associates Inc. MD raised its stake in BrightSpring Health Services by 13.9% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 2,698,629 shares of the company’s stock worth $45,959,000 after buying an additional 328,977 shares during the period. Finally, Sea Cliff Partners Management LP boosted its holdings in BrightSpring Health Services by 49.1% in the fourth quarter. Sea Cliff Partners Management LP now owns 1,735,150 shares of the company’s stock worth $29,550,000 after acquiring an additional 571,437 shares in the last quarter.

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.