Analysts Set BrightSpring Health Services, Inc. (NASDAQ:BTSG) PT at $18.65

BrightSpring Health Services, Inc. (NASDAQ:BTSG) has earned an average rating of “Moderate Buy” from the fifteen research firms that are covering the company, 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 1-year target price among analysts that have updated their coverage on the stock in the last year is $18.65.

A number of research analysts have issued reports on BTSG shares. Bank of America increased their target price on shares of BrightSpring Health Services from $19.00 to $21.00 and gave the company a “buy” rating in a report on Wednesday, December 11th. Wells Fargo & Company increased their target price on shares of BrightSpring Health Services from $17.00 to $21.00 and gave the company an “overweight” rating in a report on Wednesday, November 27th. BTIG Research increased their target price on shares of BrightSpring Health Services from $15.00 to $20.00 and gave the company a “buy” rating in a report on Thursday, October 3rd. 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 research note on Wednesday, October 30th. Finally, CJS Securities began coverage on shares of BrightSpring Health Services in a research note on Thursday, December 12th. They set an “outperform” rating and a $27.00 price objective for the company.

BrightSpring Health Services Price Performance

Shares of NASDAQ:BTSG opened at $18.48 on Friday. The company has a quick ratio of 0.97, a current ratio of 1.35 and a debt-to-equity ratio of 1.63. The company has a market cap of $3.22 billion and a P/E ratio of -71.08. BrightSpring Health Services has a 52 week low of $7.85 and a 52 week high of $20.25. The company has a 50-day moving average price of $18.21 and a 200 day moving average price of $15.13.

BrightSpring Health Services (NASDAQ:BTSG) last announced its quarterly earnings data 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 negative net margin of 0.38% and a positive return on equity of 4.16%. The firm had revenue of $2.91 billion during the quarter, compared to analyst estimates of $2.72 billion. The business’s quarterly revenue was up 28.8% compared to the same quarter last year. 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 have recently added to or reduced their stakes in BTSG. Intech Investment Management LLC acquired a new position in BrightSpring Health Services in the 3rd quarter worth $159,000. Arizona State Retirement System bought a new stake in shares of BrightSpring Health Services in the 2nd quarter worth about $163,000. nVerses Capital LLC increased its position in shares of BrightSpring Health Services by 195.8% in the 3rd quarter. nVerses Capital LLC now owns 14,200 shares of the company’s stock worth $208,000 after purchasing an additional 9,400 shares during the last quarter. American Century Companies Inc. bought a new stake in shares of BrightSpring Health Services in the 2nd quarter worth about $216,000. Finally, BNP Paribas Financial Markets increased its position in shares of BrightSpring Health Services by 5.0% in the 3rd quarter. BNP Paribas Financial Markets now owns 21,329 shares of the company’s stock worth $313,000 after purchasing an additional 1,011 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.