BrightSpring Health Services, Inc. (NASDAQ:BTSG) Stock Has Average Target Price of $72.88 According to Brokerages

BrightSpring Health Services, Inc. (NASDAQ:BTSG) has been given a consensus rating of “Moderate Buy” by the nineteen research firms that are covering the firm, Marketbeat reports. Two analysts have rated the stock with a hold recommendation, sixteen have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $72.88.

Several research analysts have commented on the company. Weiss Ratings downgraded BrightSpring Health Services from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, October 15th. KeyCorp reaffirmed an “overweight” rating on shares of BrightSpring Health Services in a research note on Monday, August 3rd. Wall Street Zen lowered shares of BrightSpring Health Services from a “strong-buy” rating to a “buy” rating in a report on Sunday, August 23rd. BMO Capital Markets restated an “outperform” rating on shares of BrightSpring Health Services in a research report on Friday, October 2nd. Finally, Morgan Stanley raised their price target on shares of BrightSpring Health Services from $71.00 to $80.00 and gave the stock an “overweight” rating in a report on Tuesday, July 14th.

BrightSpring Health Services Price Performance

BTSG stock opened at $60.11 on Thursday. The company’s 50-day moving average is $59.85 and its 200-day moving average is $60.07. The stock has a market capitalization of $11.89 billion, a PE ratio of 36.21, a price-to-earnings-growth ratio of 0.78 and a beta of 1.87. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.59 and a quick ratio of 1.22. BrightSpring Health Services has a 1 year low of $30.64 and a 1 year high of $73.75.

BrightSpring Health Services (NASDAQ:BTSG) last issued its quarterly earnings data on Friday, July 31st. The company reported $0.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.40 by $0.05. BrightSpring Health Services had a net margin of 2.55% and a return on equity of 16.73%. The firm had revenue of $3.87 billion during the quarter, compared to analysts’ expectations of $3.66 billion. During the same period last year, the company earned $0.22 earnings per share. The business’s revenue was up 23.0% on a year-over-year basis. Equities research analysts expect that BrightSpring Health Services will post 1.64 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of BTSG. Inspire Investing LLC bought a new stake in shares of BrightSpring Health Services in the third quarter worth $632,000. Yousif Capital Management LLC boosted its position in shares of BrightSpring Health Services by 6.0% in the third quarter. Yousif Capital Management LLC now owns 45,758 shares of the company’s stock worth $2,597,000 after purchasing an additional 2,572 shares during the period. Root Financial Partners LLC purchased a new stake in BrightSpring Health Services in the 3rd quarter worth $25,000. SBI Securities Co. Ltd. grew its position in shares of BrightSpring Health Services by 195.8% during the third quarter. SBI Securities Co. Ltd. now owns 1,485 shares of the company’s stock worth $84,000 after purchasing an additional 983 shares in the last quarter. Finally, Reyes Financial Architecture Inc. bought a new stake in shares of BrightSpring Health Services during the third quarter valued at approximately $121,000.

BrightSpring Health Services Company Profile

BrightSpring Health Services (NASDAQ:BTSG) is a Louisville, Kentucky-based provider of home- and community-based health services and pharmacy services. The company focuses on supporting individuals with complex or chronic care needs, including older adults and people with disabilities, through care delivered in homes, communities and other non-hospital settings.

Its services include home health, hospice, personal care, behavioral health, primary care, rehabilitation and community living programs.