BrightSpring Health Services (NASDAQ:BTSG) Price Target Raised to $52.00 at Mizuho

BrightSpring Health Services (NASDAQ:BTSG) had its price objective upped by Mizuho from $50.00 to $52.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Mizuho’s price objective would suggest a potential upside of 23.52% from the stock’s current price.

A number of other research firms also recently weighed in on BTSG. Weiss Ratings reaffirmed a “hold (c)” rating on shares of BrightSpring Health Services in a research note on Monday, December 29th. Wells Fargo & Company boosted their price objective on BrightSpring Health Services from $43.00 to $50.00 and gave the company an “overweight” rating in a report on Monday, March 2nd. Stephens began coverage on BrightSpring Health Services in a research report on Wednesday, December 10th. They set an “overweight” rating and a $44.00 target price on the stock. CJS Securities upgraded BrightSpring Health Services to a “strong-buy” rating in a report on Thursday, December 11th. Finally, William Blair initiated coverage on shares of BrightSpring Health Services in a research report on Monday, December 8th. They issued an “outperform” rating for the company. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, BrightSpring Health Services presently has an average rating of “Buy” and an average target price of $44.23.

BrightSpring Health Services Trading Up 7.8%

BTSG opened at $42.10 on Wednesday. BrightSpring Health Services has a 1-year low of $15.48 and a 1-year high of $44.87. The company has a current ratio of 1.57, a quick ratio of 1.12 and a debt-to-equity ratio of 1.32. The company has a market cap of $8.15 billion, a P/E ratio of 47.84, a price-to-earnings-growth ratio of 0.51 and a beta of 2.31. The company has a fifty day moving average price of $39.79 and a two-hundred day moving average price of $34.86.

BrightSpring Health Services (NASDAQ:BTSG) last released its quarterly earnings data on Friday, February 27th. The company reported $0.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.01). The company had revenue of $3.55 billion for the quarter, compared to the consensus estimate of $3.38 billion. BrightSpring Health Services had a return on equity of 12.66% and a net margin of 1.48%.BrightSpring Health Services’s revenue for the quarter was up 29.3% compared to the same quarter last year. During the same period last year, the company earned $0.11 EPS. Analysts predict that BrightSpring Health Services will post 0.59 EPS for the current fiscal year.

Insider Buying and Selling at BrightSpring Health Services

In other BrightSpring Health Services news, CFO Jennifer A. Phipps sold 35,000 shares of the business’s stock in a transaction that occurred 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 directly owned 196,840 shares of the company’s stock, valued at approximately $8,099,966. The trade was a 15.10% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Jon B. Rousseau sold 220,000 shares of the stock in a transaction that occurred on Wednesday, March 4th. The stock was sold at an average price of $41.15, for a total value of $9,053,000.00. Following the completion of the sale, the insider directly owned 1,023,880 shares of the company’s stock, valued at approximately $42,132,662. This trade represents a 17.69% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 285,000 shares of company stock worth $11,727,750. Insiders own 3.40% of the company’s stock.

Institutional Investors Weigh In On BrightSpring Health Services

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. NBC Securities Inc. purchased a new position in BrightSpring Health Services during the 4th quarter worth $29,000. Salomon & Ludwin LLC purchased a new stake in shares of BrightSpring Health Services in the fourth quarter valued at about $30,000. EverSource Wealth Advisors LLC bought a new position in shares of BrightSpring Health Services during the second quarter valued at about $43,000. CWM LLC lifted its position in shares of BrightSpring Health Services by 105.3% during the third quarter. CWM LLC now owns 1,595 shares of the company’s stock valued at $47,000 after purchasing an additional 818 shares in the last quarter. Finally, Farther Finance Advisors LLC boosted its holdings in BrightSpring Health Services by 112.8% during the fourth quarter. Farther Finance Advisors LLC now owns 1,717 shares of the company’s stock worth $64,000 after purchasing an additional 910 shares during the last quarter.

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.