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

Shares of BrightSpring Health Services, Inc. (NASDAQ:BTSG) have earned a consensus recommendation of “Buy” from the twelve brokerages that are presently covering the company, Marketbeat.com reports. Twelve analysts have rated the stock with a buy recommendation. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $15.32.

A number of equities research analysts recently issued reports on BTSG shares. The Goldman Sachs Group decreased their price target on BrightSpring Health Services from $21.00 to $18.00 and set a “buy” rating for the company in a research note on Friday, August 9th. Wells Fargo & Company boosted their target price on shares of BrightSpring Health Services from $15.00 to $16.00 and gave the company an “overweight” rating in a research note on Monday, May 6th. Finally, BTIG Research started coverage on shares of BrightSpring Health Services in a research note on Friday, June 21st. They issued a “buy” rating and a $15.00 price target on the stock.

Hedge Funds Weigh In On BrightSpring Health Services

A number of hedge funds and other institutional investors have recently modified their holdings of the business. nVerses Capital LLC purchased a new stake in BrightSpring Health Services during the second quarter worth $55,000. Ameritas Investment Partners Inc. purchased a new stake in shares of BrightSpring Health Services during the 1st quarter worth $58,000. California State Teachers Retirement System bought a new stake in BrightSpring Health Services during the first quarter valued at about $59,000. The Manufacturers Life Insurance Company grew its stake in BrightSpring Health Services by 10.2% in the second quarter. The Manufacturers Life Insurance Company now owns 117,026 shares of the company’s stock valued at $1,329,000 after purchasing an additional 10,854 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank bought a new position in BrightSpring Health Services in the second quarter worth about $126,000.

BrightSpring Health Services Price Performance

NASDAQ BTSG opened at $11.99 on Tuesday. The company has a quick ratio of 0.96, a current ratio of 1.26 and a debt-to-equity ratio of 1.62. BrightSpring Health Services has a 52 week low of $7.85 and a 52 week high of $12.79. The company has a fifty day moving average of $11.35 and a two-hundred day moving average of $10.80.

BrightSpring Health Services (NASDAQ:BTSG) last released its quarterly earnings results on Friday, August 2nd. The company reported $0.10 EPS for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.08). The company had revenue of $2.73 billion for the quarter, compared to analysts’ expectations of $2.61 billion. BrightSpring Health Services’s revenue was up 26.0% compared to the same quarter last year. As a group, equities analysts predict that BrightSpring Health Services will post 0.59 EPS for the current fiscal year.

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.