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

Shares of BrightSpring Health Services, Inc. (NASDAQ:BTSG) have received an average rating of “Moderate Buy” from the fifteen ratings firms that are currently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a hold rating and fourteen have given a buy rating to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $18.65.

A number of equities analysts have recently commented on the stock. CJS Securities began coverage on shares of BrightSpring Health Services in a research report on Thursday, December 12th. They issued an “outperform” rating and a $27.00 price target on the stock. Wells Fargo & Company boosted their price objective on BrightSpring Health Services from $17.00 to $21.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 27th. BTIG Research increased their price objective on 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 boosted 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. Finally, Morgan Stanley raised their price target on shares of BrightSpring Health Services from $19.00 to $20.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 17th.

BrightSpring Health Services Stock Down 0.1 %

BTSG opened at $17.32 on Friday. BrightSpring Health Services has a 12 month low of $7.85 and a 12 month high of $20.25. The stock has a market cap of $3.02 billion and a P/E ratio of -66.62. The stock’s 50 day moving average price is $18.17 and its 200 day moving average price is $14.88. The company has a debt-to-equity ratio of 1.63, a current ratio of 1.35 and a quick ratio of 0.97.

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

Hedge Funds Weigh In On BrightSpring Health Services

A number of institutional investors and hedge funds have recently made changes to their positions in BTSG. FMR LLC boosted its stake in shares of BrightSpring Health Services by 17.2% in the 3rd 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 BrightSpring Health Services by 0.6% in the 3rd quarter. Geode Capital Management LLC now owns 1,304,214 shares of the company’s stock valued at $19,150,000 after purchasing an additional 7,750 shares during the period. State Street Corp increased its position in shares of BrightSpring Health Services by 7.4% during the 3rd quarter. State Street Corp now owns 1,239,628 shares of the company’s stock valued at $18,198,000 after purchasing an additional 85,464 shares during the last quarter. Magnetar Financial LLC raised its stake in shares of BrightSpring Health Services by 46.9% during the 2nd quarter. Magnetar Financial LLC now owns 1,188,302 shares of the company’s stock worth $13,499,000 after purchasing an additional 379,149 shares during the period. Finally, HBK Investments L P raised its position in BrightSpring Health Services by 7.1% in the third quarter. HBK Investments L P now owns 750,000 shares of the company’s stock worth $11,010,000 after acquiring an additional 50,000 shares during the period.

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.