BrightSpring Health Services, Inc. (NASDAQ:BTSG) Receives Average Recommendation of "Moderate Buy" from Analysts

Shares of BrightSpring Health Services, Inc. (NASDAQ:BTSG - Get Free Report) have earned an average recommendation of "Moderate Buy" from the ten ratings firms that are presently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold recommendation and nine have assigned a buy recommendation to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $23.56.

BTSG has been the topic of several recent analyst reports. Wells Fargo & Company raised their price objective on shares of BrightSpring Health Services from $25.00 to $27.00 and gave the company an "overweight" rating in a research report on Tuesday. Morgan Stanley raised their target price on shares of BrightSpring Health Services from $20.00 to $25.00 and gave the company an "overweight" rating in a research note on Friday, May 9th. UBS Group raised their target price on shares of BrightSpring Health Services from $22.00 to $30.00 and gave the company a "buy" rating in a research note on Wednesday, January 29th. Finally, Mizuho set a $26.00 price objective on shares of BrightSpring Health Services in a research note on Monday, May 5th.

Institutional Investors Weigh In On BrightSpring Health Services

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BTSG. T. Rowe Price Investment Management Inc. lifted its holdings in BrightSpring Health Services by 264.7% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 5,772,772 shares of the company's stock valued at $104,430,000 after buying an additional 4,189,805 shares in the last quarter. FMR LLC raised its holdings in shares of BrightSpring Health Services by 21.6% in the 4th quarter. FMR LLC now owns 22,102,490 shares of the company's stock valued at $376,405,000 after purchasing an additional 3,933,303 shares in the last quarter. Invesco Ltd. raised its holdings in shares of BrightSpring Health Services by 41.0% in the 1st quarter. Invesco Ltd. now owns 6,172,597 shares of the company's stock valued at $111,662,000 after purchasing an additional 1,794,035 shares in the last quarter. Nuveen LLC bought a new stake in shares of BrightSpring Health Services in the 1st quarter valued at about $29,333,000. Finally, Norges Bank bought a new stake in shares of BrightSpring Health Services in the 4th quarter valued at about $26,065,000.

BrightSpring Health Services Stock Performance

NASDAQ BTSG opened at $23.49 on Thursday. BrightSpring Health Services has a 52-week low of $10.15 and a 52-week high of $24.82. 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 company has a market capitalization of $4.09 billion, a P/E ratio of -90.35 and a beta of 2.06. The company has a fifty day moving average of $18.28 and a 200-day moving average of $18.85.

BrightSpring Health Services (NASDAQ:BTSG - Get Free Report) last posted its quarterly earnings data on Friday, May 2nd. The company reported $0.19 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.09 by $0.10. BrightSpring Health Services had a negative net margin of 0.38% and a positive return on equity of 4.16%. The company had revenue of $2.88 billion during the quarter, compared to the consensus estimate of $2.74 billion. During the same period in the previous year, the firm posted $0.12 EPS. The firm's revenue was up 25.9% compared to the same quarter last year. As a group, equities research analysts predict 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.

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