BrightSpring Health Services, Inc. (NASDAQ:BTSG) Given Consensus Recommendation of "Moderate Buy" by Analysts

Key Points

• BrightSpring Health Services, Inc. has received a consensus recommendation of “Moderate Buy” from ten analysts, with nine recommending a buy and one holding.
• The average 1-year price target for BrightSpring Health Services is $29.88, with recent price target increases from firms like Wells Fargo raising it to $33.00.
• In its most recent earnings report, BrightSpring posted $0.22 earnings per share, exceeding the consensus estimate of $0.19, with quarterly revenue rising to $3.15 billion, a 15.3% increase from the previous year.

BrightSpring Health Services, Inc. (NASDAQ:BTSG - Get Free Report) has been given a consensus recommendation of "Moderate Buy" by the ten analysts that are presently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation and nine have issued a buy recommendation on the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $29.8750.

Several brokerages recently issued reports on BTSG. Wells Fargo & Company upped their price target on shares of BrightSpring Health Services from $27.00 to $33.00 and gave the stock an "overweight" rating in a research report on Tuesday. Wall Street Zen downgraded shares of BrightSpring Health Services from a "strong-buy" rating to a "buy" rating in a research report on Saturday, July 26th. Deutsche Bank Aktiengesellschaft set a $30.00 price target on shares of BrightSpring Health Services and gave the stock a "buy" rating in a research report on Monday, September 8th. TD Cowen began coverage on shares of BrightSpring Health Services in a research report on Monday, June 23rd. They set a "buy" rating and a $37.00 price target on the stock. Finally, Weiss Ratings reiterated a "hold (c-)" rating on shares of BrightSpring Health Services in a research report on Wednesday.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Teacher Retirement System of Texas lifted its position in BrightSpring Health Services by 6.8% during the 1st quarter. Teacher Retirement System of Texas now owns 14,650 shares of the company's stock valued at $265,000 after purchasing an additional 932 shares during the period. Swiss National Bank lifted its position in BrightSpring Health Services by 0.9% during the 1st quarter. Swiss National Bank now owns 118,100 shares of the company's stock valued at $2,136,000 after purchasing an additional 1,000 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in BrightSpring Health Services by 5.8% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 32,429 shares of the company's stock valued at $587,000 after purchasing an additional 1,780 shares during the period. EverSource Wealth Advisors LLC acquired a new position in BrightSpring Health Services during the 2nd quarter valued at about $43,000. Finally, Franklin Resources Inc. lifted its position in BrightSpring Health Services by 5.6% during the 2nd quarter. Franklin Resources Inc. now owns 36,467 shares of the company's stock valued at $860,000 after purchasing an additional 1,926 shares during the period.

BrightSpring Health Services Stock Down 1.5%

BTSG opened at $28.32 on Friday. The firm's 50-day simple moving average is $25.28 and its 200-day simple moving average is $22.28. The company has a debt-to-equity ratio of 1.43, a quick ratio of 1.34 and a current ratio of 1.76. BrightSpring Health Services has a twelve month low of $14.73 and a twelve month high of $30.35. The firm has a market cap of $5.02 billion, a price-to-earnings ratio of 91.37, a PEG ratio of 0.47 and a beta of 2.40.

BrightSpring Health Services (NASDAQ:BTSG - Get Free Report) last posted its earnings results on Friday, August 1st. The company reported $0.22 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.03. BrightSpring Health Services had a net margin of 0.55% and a return on equity of 9.29%. The business had revenue of $3.15 billion for the quarter, compared to analyst estimates of $2.99 billion. During the same quarter in the prior year, the firm earned $0.10 EPS. The firm's quarterly revenue was up 15.3% compared to the same quarter last year. BrightSpring Health Services has set its FY 2025 guidance at EPS. Equities research analysts anticipate that BrightSpring Health Services will post 0.59 EPS for the current fiscal year.

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.

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