BrightSpring Health Services (NASDAQ:BTSG) Sets New 52-Week High - Should You Buy?

Key Points

• BrightSpring Health Services reached a new 52-week high, trading at $28.64 with a significant trading volume of 166,316 shares.
• Research analysts have generally given the stock a "buy" rating, with Bank of America adjusting their price target from $27.50 to $31.00.
• For the last quarter, BrightSpring reported earnings of $0.22 per share, exceeding expectations, and revenue of $3.15 billion, marking a 15.3% increase year-over-year.

BrightSpring Health Services, Inc. (NASDAQ:BTSG - Get Free Report) reached a new 52-week high during trading on Tuesday . The company traded as high as $28.46 and last traded at $28.64, with a volume of 166316 shares traded. The stock had previously closed at $28.13.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on BTSG shares. Bank of America lifted their price target on shares of BrightSpring Health Services from $27.50 to $31.00 and gave the stock a "buy" rating in a research report on Wednesday, September 10th. Cowen restated a "buy" rating on shares of BrightSpring Health Services in a report on Monday, August 4th. Wall Street Zen downgraded BrightSpring Health Services from a "strong-buy" rating to a "buy" rating in a report on Saturday, July 26th. TD Cowen initiated coverage on BrightSpring Health Services in a research note on Monday, June 23rd. They issued a "buy" rating and a $37.00 price target on the stock. Finally, Deutsche Bank Aktiengesellschaft set a $30.00 price objective on BrightSpring Health Services and gave the stock a "buy" rating in a report on Monday, September 8th. Eleven equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $27.10.

BrightSpring Health Services Stock Up 3.5%

The business's 50 day simple moving average is $23.78 and its 200-day simple moving average is $21.64. The company has a market cap of $5.16 billion, a price-to-earnings ratio of 93.79, a price-to-earnings-growth ratio of 0.46 and a beta of 2.27. 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 (NASDAQ:BTSG - Get Free Report) last announced its quarterly earnings data on Friday, August 1st. The company reported $0.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.03. BrightSpring Health Services had a return on equity of 9.29% and a net margin of 0.55%.The business had revenue of $3.15 billion during the quarter, compared to analyst estimates of $2.99 billion. During the same period last year, the company earned $0.10 earnings per share. BrightSpring Health Services'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. Sell-side analysts expect that BrightSpring Health Services, Inc. will post 0.59 earnings per share for the current year.

Institutional Trading of BrightSpring Health Services

Several large investors have recently added to or reduced their stakes in BTSG. EverSource Wealth Advisors LLC acquired a new position in shares of BrightSpring Health Services during the 2nd quarter worth $43,000. Sandia Investment Management LP acquired a new stake in BrightSpring Health Services in the 2nd quarter worth approximately $118,000. Penserra Capital Management LLC bought a new stake in BrightSpring Health Services during the second quarter worth approximately $139,000. IFP Advisors Inc grew its holdings in BrightSpring Health Services by 273,666.7% during the first quarter. IFP Advisors Inc now owns 8,213 shares of the company's stock valued at $149,000 after purchasing an additional 8,210 shares during the last quarter. Finally, Highland Capital Management LLC bought a new position in shares of BrightSpring Health Services in the first quarter valued at approximately $181,000.

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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