BrightSpring Health Services (NASDAQ:BTSG) Hits New 1-Year High - Still a Buy?

BrightSpring Health Services, Inc. (NASDAQ:BTSG - Get Free Report)'s share price hit a new 52-week high on Monday . The company traded as high as $25.57 and last traded at $23.58, with a volume of 666709 shares changing hands. The stock had previously closed at $24.11.

Analyst Ratings Changes

A number of brokerages have commented on BTSG. Mizuho set a $26.00 price objective on BrightSpring Health Services in a research note on Monday, May 5th. Wells Fargo & Company boosted their price target on BrightSpring Health Services from $25.00 to $27.00 and gave the stock an "overweight" rating in a research note on Tuesday, May 13th. Finally, Morgan Stanley raised their price target on shares of BrightSpring Health Services from $20.00 to $25.00 and gave the stock an "overweight" rating in a research report on Friday, May 9th. One analyst has rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, BrightSpring Health Services currently has an average rating of "Moderate Buy" and a consensus target price of $23.56.

BrightSpring Health Services Trading Down 0.8%

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 50 day simple moving average of $20.27 and a two-hundred day simple moving average of $19.53. The company has a market cap of $4.17 billion, a PE ratio of -91.96 and a beta of 2.58.

BrightSpring Health Services (NASDAQ:BTSG - Get Free Report) last released its earnings results on Friday, May 2nd. The company reported $0.19 earnings per share for the quarter, beating the consensus estimate of $0.09 by $0.10. The company had revenue of $2.88 billion for the quarter, compared to analysts' expectations of $2.74 billion. BrightSpring Health Services had a positive return on equity of 4.16% and a negative net margin of 0.38%. The business's revenue for the quarter was up 25.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.12 EPS. Sell-side analysts forecast that BrightSpring Health Services, Inc. will post 0.59 EPS for the current year.

Institutional Investors Weigh In On BrightSpring Health Services

Several institutional investors and hedge funds have recently added to or reduced their stakes in BTSG. Quarry LP acquired a new position in shares of BrightSpring Health Services during the 4th quarter worth about $29,000. IFP Advisors Inc lifted its position in shares of BrightSpring Health Services by 273,666.7% during the 1st quarter. IFP Advisors Inc now owns 8,213 shares of the company's stock worth $149,000 after purchasing an additional 8,210 shares during the last quarter. Highland Capital Management LLC acquired a new position in shares of BrightSpring Health Services during the 1st quarter worth about $181,000. Envestnet Asset Management Inc. acquired a new position in shares of BrightSpring Health Services during the 4th quarter worth about $188,000. Finally, KLP Kapitalforvaltning AS bought a new position in BrightSpring Health Services during the fourth quarter valued at about $206,000.

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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