BrightSpring Health Services, Inc. (NASDAQ:BTSG) Stock Now Rated "Buy" by Sell-Side Analysts

Key Points

• Analysts are broadly bullish: All 20 analysts covering BrightSpring Health Services rate the stock either “buy” or “strong buy,” with an average 12-month price target of $70.71. Several firms recently raised their targets, including TD Cowen to $81 and Morgan Stanley to $80.
• Recent results exceeded expectations: BrightSpring reported quarterly earnings of $0.45 per share versus the $0.40 consensus estimate, while revenue reached $3.87 billion, up 23% year over year and above expectations.
• BTSG shares opened at $56.59, compared with a 12-month range of $26.35 to $73.75. The company has an $11.2 billion market capitalization and analysts expect full-year earnings of approximately $1.82 per share.

Shares of BrightSpring Health Services, Inc. (NASDAQ:BTSG - Get Free Report) have been assigned an average recommendation of "Buy" from the twenty analysts that are presently covering the firm, Marketbeat reports. Eighteen investment analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $70.71.

A number of equities research analysts have weighed in on BTSG shares. TD Cowen raised their price objective on BrightSpring Health Services from $65.00 to $81.00 and gave the company a "buy" rating in a research note on Thursday, June 18th. Morgan Stanley upped their target price on BrightSpring Health Services from $71.00 to $80.00 and gave the company an "overweight" rating in a research report on Tuesday, July 14th. Weiss Ratings reiterated a "buy (b-)" rating on shares of BrightSpring Health Services in a research note on Friday, July 31st. The Goldman Sachs Group initiated coverage on shares of BrightSpring Health Services in a research report on Monday, June 8th. They set a "buy" rating and a $71.00 price target for the company. Finally, Bank of America raised their price target on shares of BrightSpring Health Services from $66.00 to $77.00 and gave the stock a "buy" rating in a research report on Thursday, July 2nd.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. Allworth Financial LP bought a new stake in shares of BrightSpring Health Services in the 2nd quarter worth about $28,000. IFP Advisors Inc grew its stake in BrightSpring Health Services by 204.5% in the second quarter. IFP Advisors Inc now owns 606 shares of the company's stock worth $42,000 after purchasing an additional 407 shares in the last quarter. GHP Investment Advisors Inc. acquired a new position in BrightSpring Health Services in the first quarter worth about $31,000. Kilter Group LLC acquired a new position in BrightSpring Health Services in the second quarter worth about $50,000. Finally, Public Employees Retirement System of Ohio acquired a new stake in BrightSpring Health Services during the second quarter valued at approximately $63,000.

BrightSpring Health Services Stock Performance

Shares of BTSG stock opened at $56.59 on Friday. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.59 and a quick ratio of 1.22. The company's fifty day moving average price is $61.64 and its two-hundred day moving average price is $57.38. The firm has a market capitalization of $11.20 billion, a P/E ratio of 34.09, a P/E/G ratio of 0.66 and a beta of 1.84. BrightSpring Health Services has a 12 month low of $26.35 and a 12 month high of $73.75.

BrightSpring Health Services (NASDAQ:BTSG - Get Free Report) last announced its earnings results on Friday, July 31st. The company reported $0.45 earnings per share 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 the consensus estimate of $3.66 billion. During the same period last year, the firm earned $0.22 earnings per share. The company's revenue was up 23.0% on a year-over-year basis. On average, research analysts anticipate that BrightSpring Health Services will post 1.82 earnings per share for the current fiscal year.

BrightSpring Health Services Company Profile

BrightSpring Health Services, Inc is a provider of home- and community-based health services and pharmacy services in the United States. The company supports individuals who require assistance with daily living, clinical care, rehabilitation, behavioral health services, or other long-term and post-acute care.

Its businesses include home health, hospice, personal care, residential and community living services, behavioral health programs, primary care, and rehabilitation. Through its PharMerica pharmacy business, BrightSpring provides institutional and specialty pharmacy services, including medication dispensing and related clinical support for long-term care facilities and other healthcare settings.

BrightSpring serves patients and clients across the United States through a network of local operations and care professionals.

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