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

BrightSpring Health Services, Inc. (NASDAQ:BTSG) has received an average rating of “Buy” from the twelve ratings firms that are covering the company, Marketbeat.com reports. Twelve investment analysts have rated the stock with a buy rating. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $15.77.

BTSG has been the topic of a number of analyst reports. BTIG Research initiated 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 on the stock. Wells Fargo & Company lifted their price objective on shares of BrightSpring Health Services from $15.00 to $16.00 and gave the stock an “overweight” rating in a research report on Monday, May 6th.

Institutional Trading of BrightSpring Health Services

Several institutional investors and hedge funds have recently bought and sold shares of the business. Bank of New York Mellon Corp lifted its stake in BrightSpring Health Services by 16.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 156,911 shares of the company’s stock valued at $1,783,000 after acquiring an additional 21,760 shares during the period. Miracle Mile Advisors LLC acquired a new stake in BrightSpring Health Services during the 2nd quarter valued at approximately $267,000. Farallon Capital Management LLC acquired a new stake in BrightSpring Health Services during the 1st quarter valued at approximately $239,000. California State Teachers Retirement System acquired a new stake in BrightSpring Health Services during the 1st quarter valued at approximately $59,000. Finally, 8 Knots Management LLC acquired a new stake in BrightSpring Health Services during the 1st quarter valued at approximately $67,678,000.

BrightSpring Health Services Stock Up 0.4 %

Shares of BrightSpring Health Services stock opened at $12.09 on Friday. The stock has a 50 day moving average price of $11.20. The company has a current ratio of 1.26, a quick ratio of 0.96 and a debt-to-equity ratio of 1.62. BrightSpring Health Services has a 52-week low of $7.85 and a 52-week high of $12.37.

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

BrightSpring Health Services Company Profile

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.