Analysts Set BrightSpring Health Services, Inc. (NASDAQ:BTSG) Target Price at $57.00

Shares of BrightSpring Health Services, Inc. (NASDAQ:BTSG) have earned a consensus rating of “Buy” from the seventeen brokerages that are currently covering the firm, Marketbeat Ratings reports. Fifteen research analysts have rated the stock with a buy rating and two have issued a strong buy rating on the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $57.00.

Several research firms have recently commented on BTSG. Mizuho boosted their target price on shares of BrightSpring Health Services from $52.00 to $61.00 and gave the stock an “outperform” rating in a report on Tuesday, May 5th. UBS Group boosted their target price on shares of BrightSpring Health Services from $53.00 to $55.00 and gave the stock a “buy” rating in a report on Wednesday, March 18th. BTIG Research boosted their target price on shares of BrightSpring Health Services from $55.00 to $65.00 and gave the stock a “buy” rating in a report on Monday, May 4th. BMO Capital Markets set a $70.00 target price on shares of BrightSpring Health Services in a report on Thursday, May 21st. Finally, Stephens boosted their target price on shares of BrightSpring Health Services from $53.00 to $64.00 and gave the stock an “overweight” rating in a report on Monday, May 4th.

Insider Buying and Selling

In related news, insider Lisa A. Nalley sold 30,000 shares of the business’s stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $41.15, for a total value of $1,234,500.00. Following the sale, the insider owned 110,594 shares in the company, valued at approximately $4,550,943.10. The trade was a 21.34% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Jennifer A. Phipps sold 35,000 shares of the business’s stock in a transaction on Wednesday, March 4th. The stock was sold at an average price of $41.15, for a total transaction of $1,440,250.00. Following the completion of the sale, the chief financial officer owned 196,840 shares in the company, valued at $8,099,966. This represents a 15.10% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 285,000 shares of company stock worth $11,727,750. Insiders own 2.80% of the company’s stock.

Institutional Investors Weigh In On BrightSpring Health Services

Large investors have recently bought and sold shares of the business. NBC Securities Inc. bought a new stake in BrightSpring Health Services in the fourth quarter worth $29,000. Salomon & Ludwin LLC bought a new position in BrightSpring Health Services during the fourth quarter valued at $30,000. GHP Investment Advisors Inc. bought a new position in BrightSpring Health Services during the first quarter valued at $31,000. EverSource Wealth Advisors LLC bought a new position in BrightSpring Health Services during the second quarter valued at $43,000. Finally, Meeder Asset Management Inc. bought a new position in BrightSpring Health Services during the first quarter valued at $52,000.

BrightSpring Health Services Price Performance

BTSG stock opened at $61.68 on Monday. BrightSpring Health Services has a one year low of $19.01 and a one year high of $62.11. The company’s fifty day moving average price is $49.66 and its 200-day moving average price is $42.08. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.38 and a current ratio of 1.74. The company has a market capitalization of $11.96 billion, a PE ratio of 43.74, a price-to-earnings-growth ratio of 0.80 and a beta of 1.71.

BrightSpring Health Services (NASDAQ:BTSG) last released its earnings results on Friday, May 1st. The company reported $0.39 EPS for the quarter, topping the consensus estimate of $0.29 by $0.10. BrightSpring Health Services had a net margin of 2.27% and a return on equity of 14.63%. The firm had revenue of $3.61 billion for the quarter, compared to the consensus estimate of $3.39 billion. During the same quarter in the previous year, the firm earned $0.14 earnings per share. The company’s quarterly revenue was up 25.6% compared to the same quarter last year. On average, equities analysts anticipate that BrightSpring Health Services will post 1.64 EPS for the current fiscal year.

About BrightSpring Health Services

BrightSpring Health Services (NASDAQ: BTSG) is a leading provider of home and community-based care and workforce solutions aimed at seniors, individuals with disabilities and those facing behavioral health challenges. The company’s operations encompass a broad spectrum of services, including personal care, skilled nursing, therapy, habilitation and supported living, as well as specialized behavioral health programs delivered through both clinical and non-clinical channels.

Through its network of subsidiary brands, BrightSpring offers integrated care in the patient’s home environment, fostering independence and improving quality of life.