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

Key Points

• BrightSpring Health Services (NASDAQ:BTSG) reached a new 52-week high of $32.21, closing at $31.32 with notable trading volume of 4,945 shares.
• Analysts have a consensus rating of "Moderate Buy" for BrightSpring, with a price target averaging $31.38 and several major firms increasing their price objectives, signaling positive outlooks for the company's stock performance.
• For the latest quarter, BrightSpring reported earnings of $0.22 per share, surpassing expectations, alongside a revenue increase of 15.3% year-over-year, indicating strong business growth.

BrightSpring Health Services, Inc. (NASDAQ:BTSG - Get Free Report) hit a new 52-week high on Wednesday . The company traded as high as $32.21 and last traded at $31.32, with a volume of 4945 shares. The stock had previously closed at $29.92.

Analyst Ratings Changes

A number of equities analysts have commented on the company. Bank of America raised their price objective on BrightSpring Health Services from $27.50 to $31.00 and gave the stock a "buy" rating in a research note on Wednesday, September 10th. Wall Street Zen lowered BrightSpring Health Services from a "strong-buy" rating to a "buy" rating in a research report on Saturday, July 26th. Wells Fargo & Company raised their target price on BrightSpring Health Services from $27.00 to $33.00 and gave the stock an "overweight" rating in a research report on Tuesday, October 7th. TD Cowen initiated coverage on BrightSpring Health Services in a research report on Monday, June 23rd. They issued a "buy" rating and a $37.00 price objective for the company. Finally, Cowen reissued a "buy" rating on shares of BrightSpring Health Services in a research report on Monday, August 4th. Nine investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, BrightSpring Health Services currently has a consensus rating of "Moderate Buy" and an average price target of $31.38.

BrightSpring Health Services Price Performance

The firm has a market cap of $5.53 billion, a price-to-earnings ratio of 100.95, a P/E/G ratio of 0.49 and a beta of 2.40. The company has a debt-to-equity ratio of 1.43, a quick ratio of 1.34 and a current ratio of 1.76. The business has a 50 day simple moving average of $25.69 and a 200-day simple moving average of $22.44.

BrightSpring Health Services (NASDAQ:BTSG - Get Free Report) last released its quarterly earnings results on Friday, August 1st. The company reported $0.22 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 the consensus estimate of $2.99 billion. During the same quarter in the previous year, the business earned $0.10 EPS. The company's quarterly revenue was up 15.3% on a year-over-year basis. BrightSpring Health Services has set its FY 2025 guidance at EPS. Equities research analysts expect that BrightSpring Health Services, Inc. will post 0.59 earnings per share for the current year.

Institutional Investors Weigh In On BrightSpring Health Services

A number of hedge funds have recently modified their holdings of BTSG. GAMMA Investing LLC raised its holdings in shares of BrightSpring Health Services by 2,526.5% in the 1st quarter. GAMMA Investing LLC now owns 14,472 shares of the company's stock worth $262,000 after purchasing an additional 13,921 shares during the period. Rhumbline Advisers raised its holdings in BrightSpring Health Services by 4.8% during the 1st quarter. Rhumbline Advisers now owns 77,100 shares of the company's stock valued at $1,395,000 after acquiring an additional 3,517 shares during the period. SG Americas Securities LLC raised its holdings in BrightSpring Health Services by 12.7% during the 1st quarter. SG Americas Securities LLC now owns 41,698 shares of the company's stock valued at $754,000 after acquiring an additional 4,698 shares during the period. Assenagon Asset Management S.A. bought a new stake in BrightSpring Health Services during the 1st quarter valued at $561,000. Finally, Highland Capital Management LLC bought a new stake in BrightSpring Health Services during the 1st quarter valued at $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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