BrightSpring Health Services, Inc. (NASDAQ:BTSG) Stock Has Consensus Target Price of $72.88 According to Analysts

Key Points

• Analysts maintain a positive outlook: BrightSpring Health Services has a “Moderate Buy” consensus from 19 analysts, with an average 12-month price target of $72.88 versus its reported share price of $62.36.
• Recent earnings exceeded expectations: The company reported quarterly EPS of $0.45, ahead of the $0.40 consensus, while revenue rose 23% year over year to $3.87 billion.
• Institutional interest is increasing: Several investment firms recently initiated or expanded positions in BTSG, including Bank of America, which increased its stake by 48.7%.

Shares of BrightSpring Health Services, Inc. (NASDAQ:BTSG - Get Free Report) have been assigned an average recommendation of "Moderate Buy" from the nineteen ratings firms that are presently covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $72.88.

Several brokerages have recently weighed in on BTSG. BTIG Research reiterated a "buy" rating and set a $90.00 price objective on shares of BrightSpring Health Services in a report on Thursday, August 13th. Bank of America boosted their target price on shares of BrightSpring Health Services from $66.00 to $77.00 and gave the company a "buy" rating in a report on Thursday, July 2nd. KeyCorp reaffirmed an "overweight" rating on shares of BrightSpring Health Services in a research report on Monday, August 3rd. Wells Fargo & Company upped their price target on shares of BrightSpring Health Services from $61.00 to $78.00 and gave the stock an "overweight" rating in a research report on Monday, July 13th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and set a $70.00 price target on shares of BrightSpring Health Services in a research note on Monday, August 3rd.

BrightSpring Health Services Stock Down 0.1%

Shares of NASDAQ:BTSG opened at $62.36 on Thursday. The stock's 50-day moving average price is $59.87 and its two-hundred day moving average price is $59.94. The company has a current ratio of 1.59, a quick ratio of 1.22 and a debt-to-equity ratio of 1.06. BrightSpring Health Services has a 12-month low of $30.64 and a 12-month high of $73.75. The firm has a market cap of $12.34 billion, a price-to-earnings ratio of 37.57, a PEG ratio of 0.81 and a beta of 1.87.

BrightSpring Health Services (NASDAQ:BTSG - Get Free Report) last posted its quarterly earnings results on Friday, July 31st. The company reported $0.45 EPS for the quarter, beating the consensus estimate of $0.40 by $0.05. BrightSpring Health Services had a return on equity of 16.73% and a net margin of 2.55%. The company had revenue of $3.87 billion during the quarter, compared to analysts' expectations of $3.66 billion. During the same quarter in the previous year, the business earned $0.22 EPS. The firm's revenue was up 23.0% on a year-over-year basis. On average, research analysts forecast that BrightSpring Health Services will post 1.64 EPS for the current year.

Institutional Trading of BrightSpring Health Services

Several institutional investors have recently made changes to their positions in BTSG. TD Waterhouse Canada Inc. purchased a new position in shares of BrightSpring Health Services in the 2nd quarter worth about $22,054,000. Bank of America Corp DE lifted its stake in shares of BrightSpring Health Services by 48.7% in the 1st quarter. Bank of America Corp DE now owns 1,534,154 shares of the company's stock valued at $65,370,000 after purchasing an additional 502,786 shares in the last quarter. Ausbil Investment Management Ltd purchased a new stake in shares of BrightSpring Health Services during the 2nd quarter worth about $2,005,000. Wealthstar Advisors LLC purchased a new stake in shares of BrightSpring Health Services during the 1st quarter worth about $1,525,000. Finally, Bellars Harris Wealth Management LLC acquired a new stake in BrightSpring Health Services during the 2nd quarter worth approximately $4,394,000.

BrightSpring Health Services Company Profile

BrightSpring Health Services NASDAQ: BTSG is a Louisville, Kentucky-based provider of home- and community-based health services and pharmacy services. The company focuses on supporting individuals with complex or chronic care needs, including older adults and people with disabilities, through care delivered in homes, communities and other non-hospital settings.

Its services include home health, hospice, personal care, behavioral health, primary care, rehabilitation and community living programs.

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