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

BrightSpring Health Services, Inc. (NASDAQ:BTSG) has earned a consensus recommendation of “Moderate Buy” from the fifteen research firms that are currently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a hold rating and fourteen have given a buy rating to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $18.65.

BTSG has been the subject of a number of research analyst reports. CJS Securities began coverage on BrightSpring Health Services in a report on Thursday, December 12th. They issued an “outperform” rating and a $27.00 target price for the company. Bank of America lifted their price target on shares of BrightSpring Health Services from $19.00 to $21.00 and gave the stock a “buy” rating in a research note on Wednesday, December 11th. Morgan Stanley boosted their target price on shares of BrightSpring Health Services from $19.00 to $20.00 and gave the company an “overweight” rating in a research note on Tuesday, December 17th. BTIG Research lifted their price objective on BrightSpring Health Services from $15.00 to $20.00 and gave the stock a “buy” rating in a report on Thursday, October 3rd. Finally, Wells Fargo & Company increased their target price on BrightSpring Health Services from $17.00 to $21.00 and gave the company an “overweight” rating in a report on Wednesday, November 27th.

BrightSpring Health Services Stock Down 0.1 %

Shares of NASDAQ:BTSG opened at $17.32 on Friday. The firm has a fifty day moving average of $18.17 and a 200 day moving average of $14.88. BrightSpring Health Services has a 52-week low of $7.85 and a 52-week high of $20.25. The company has a debt-to-equity ratio of 1.63, a quick ratio of 0.97 and a current ratio of 1.35. The firm has a market capitalization of $3.02 billion and a PE ratio of -66.62.

BrightSpring Health Services (NASDAQ:BTSG) last released its quarterly earnings data on Friday, November 1st. The company reported $0.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.07). BrightSpring Health Services had a negative net margin of 0.38% and a positive return on equity of 4.16%. The firm had revenue of $2.91 billion during the quarter, compared to analysts’ expectations of $2.72 billion. The business’s revenue for the quarter was up 28.8% compared to the same quarter last year. As a group, research analysts anticipate that BrightSpring Health Services will post 0.59 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. FMR LLC grew its stake in BrightSpring Health Services by 17.2% in the 3rd quarter. FMR LLC now owns 18,169,187 shares of the company’s stock valued at $266,724,000 after acquiring an additional 2,664,582 shares during the period. Geode Capital Management LLC boosted its stake in shares of BrightSpring Health Services by 0.6% in the third quarter. Geode Capital Management LLC now owns 1,304,214 shares of the company’s stock worth $19,150,000 after acquiring an additional 7,750 shares during the last quarter. State Street Corp boosted its stake in BrightSpring Health Services by 7.4% during the 3rd quarter. State Street Corp now owns 1,239,628 shares of the company’s stock worth $18,198,000 after purchasing an additional 85,464 shares during the last quarter. Magnetar Financial LLC boosted its position in BrightSpring Health Services by 46.9% during the second quarter. Magnetar Financial LLC now owns 1,188,302 shares of the company’s stock worth $13,499,000 after acquiring an additional 379,149 shares during the last quarter. Finally, HBK Investments L P grew its stake in BrightSpring Health Services by 7.1% during the 3rd quarter. HBK Investments L P now owns 750,000 shares of the company’s stock valued at $11,010,000 after acquiring an additional 50,000 shares in the last quarter.

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.