BrightSpring Health Services (NASDAQ:BTSG) Price Target Raised to $84.00

BrightSpring Health Services (NASDAQ:BTSG) had its target price lifted by TD Cowen from $81.00 to $84.00 in a research report sent to investors on Monday,Benzinga reports. TD Cowen currently has a buy rating on the stock.

A number of other equities analysts also recently commented on the stock. Weiss Ratings downgraded shares of BrightSpring Health Services from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, October 15th. BTIG Research reissued a “buy” rating and issued a $90.00 price target on shares of BrightSpring Health Services in a research report on Thursday, August 13th. BMO Capital Markets restated an “outperform” rating on shares of BrightSpring Health Services in a research note on Friday, October 2nd. Wall Street Zen raised BrightSpring Health Services from a “buy” rating to a “strong-buy” rating in a report on Saturday, October 31st. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $70.00 price target on shares of BrightSpring Health Services in a research note on Monday, August 3rd. One research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $77.81.

BrightSpring Health Services Stock Down 0.1%

BTSG opened at $69.80 on Monday. BrightSpring Health Services has a fifty-two week low of $30.64 and a fifty-two week high of $73.75. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.62 and a quick ratio of 1.22. The firm’s fifty day moving average price is $60.54 and its two-hundred day moving average price is $54.98. The company has a market capitalization of $13.89 billion, a P/E ratio of 37.73, a P/E/G ratio of 0.79 and a beta of 1.77.

BrightSpring Health Services (NASDAQ:BTSG) last announced its quarterly earnings results on Friday, October 30th. The company reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.47 by $0.07. BrightSpring Health Services had a net margin of 2.69% and a return on equity of 18.56%. The firm had revenue of $4.21 billion for the quarter, compared to analyst estimates of $3.88 billion. The business’s revenue for the quarter was up 26.4% compared to the same quarter last year. On average, analysts anticipate that BrightSpring Health Services will post 1.64 EPS for the current year.

Institutional Trading of BrightSpring Health Services

Institutional investors and hedge funds have recently made changes to their positions in the business. Root Financial Partners LLC acquired a new stake in shares of BrightSpring Health Services in the 3rd quarter valued at approximately $25,000. Allworth Financial LP acquired a new position in shares of BrightSpring Health Services in the 2nd quarter valued at $28,000. IFP Advisors Inc grew its holdings in shares of BrightSpring Health Services by 204.5% in the 2nd quarter. IFP Advisors Inc now owns 606 shares of the company’s stock valued at $42,000 after buying an additional 407 shares during the period. Kilter Group LLC bought a new stake in shares of BrightSpring Health Services in the 2nd quarter valued at $50,000. Finally, Meeder Asset Management Inc. bought a new stake in shares of BrightSpring Health Services in the 1st quarter valued at $52,000.

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.