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

Shares of BrightSpring Health Services, Inc. (NASDAQ:BTSG) have earned a consensus rating of “Buy” from the twelve brokerages that are presently covering the firm, Marketbeat.com reports. Twelve investment analysts have rated the stock with a buy recommendation. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $15.77.

Several equities research analysts have recently weighed in on BTSG shares. Wells Fargo & Company upped their target price on BrightSpring Health Services from $15.00 to $16.00 and gave the stock an “overweight” rating in a research report on Monday, May 6th. The Goldman Sachs Group lowered their price target on shares of BrightSpring Health Services from $26.00 to $23.00 and set a “buy” rating for the company in a report on Monday, March 4th. BTIG Research started coverage on shares of BrightSpring Health Services in a research report on Friday, June 21st. They issued a “buy” rating and a $15.00 price objective for the company. Finally, HSBC initiated coverage on BrightSpring Health Services in a research report on Wednesday, March 6th. They set a “buy” rating and a $13.00 target price on the stock.

BrightSpring Health Services Price Performance

BTSG opened at $11.36 on Monday. The company has a debt-to-equity ratio of 1.62, a current ratio of 1.26 and a quick ratio of 0.96. BrightSpring Health Services has a 1 year low of $7.85 and a 1 year high of $12.21. The business’s 50 day simple moving average is $11.07.

BrightSpring Health Services (NASDAQ:BTSG) last issued its earnings results on Thursday, May 2nd. The company reported $0.12 EPS for the quarter, beating analysts’ consensus estimates of $0.06 by $0.06. The business had revenue of $2.58 billion during the quarter, compared to analysts’ expectations of $2.31 billion. During the same period in the prior year, the business posted ($0.10) EPS. The business’s revenue was up 27.0% on a year-over-year basis. As a group, analysts forecast that BrightSpring Health Services will post 0.59 earnings per share for the current fiscal year.

Institutional Trading of BrightSpring Health Services

A number of institutional investors and hedge funds have recently modified their holdings of BTSG. Ameritas Investment Partners Inc. bought a new stake in shares of BrightSpring Health Services during the 1st quarter valued at about $58,000. California State Teachers Retirement System bought a new position in shares of BrightSpring Health Services during the first quarter valued at approximately $59,000. Sandia Investment Management LP acquired a new stake in shares of BrightSpring Health Services during the 1st quarter worth approximately $217,000. Farallon Capital Management LLC bought a new stake in shares of BrightSpring Health Services in the 1st quarter worth approximately $239,000. Finally, BNP Paribas Financial Markets acquired a new position in BrightSpring Health Services during the 1st quarter valued at approximately $280,000.

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.