UBS Group Forecasts Strong Price Appreciation for BrightSpring Health Services (NASDAQ:BTSG) Stock

Key Points

• UBS Group has raised its target price for BrightSpring Health Services (NASDAQ:BTSG) from $31.00 to $35.00, indicating a potential upside of 20.61%.
• The company reported quarterly earnings of $0.22 per share, exceeding analysts' estimates and reflecting a 15.3% year-over-year revenue increase to $3.15 billion.
• BrightSpring Health Services currently enjoys a positive outlook from analysts, with nine maintaining a "buy" rating and a consensus price target of $30.50.

BrightSpring Health Services (NASDAQ:BTSG - Get Free Report) had its target price boosted by investment analysts at UBS Group from $31.00 to $35.00 in a report issued on Monday,Benzinga reports. The brokerage currently has a "buy" rating on the stock. UBS Group's price objective indicates a potential upside of 20.61% from the company's previous close.

BTSG has been the topic of a number of other reports. TD Cowen began coverage on shares of BrightSpring Health Services in a research note on Monday, June 23rd. They issued a "buy" rating and a $37.00 price objective on the stock. Wall Street Zen lowered shares of BrightSpring Health Services from a "strong-buy" rating to a "buy" rating in a report on Saturday, July 26th. Bank of America upped their target price on shares of BrightSpring Health Services from $27.50 to $31.00 and gave the company a "buy" rating in a report on Wednesday, September 10th. Deutsche Bank Aktiengesellschaft set a $30.00 price objective on shares of BrightSpring Health Services and gave the stock a "buy" rating in a report on Monday, September 8th. Finally, Cowen reiterated a "buy" rating on shares of BrightSpring Health Services in a report on Monday, August 4th. Nine research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $30.50.

BrightSpring Health Services Price Performance

Shares of NASDAQ:BTSG traded up $0.66 on Monday, reaching $29.02. 723,338 shares of the company were exchanged, compared to its average volume of 2,304,456. The company has a current ratio of 1.76, a quick ratio of 1.34 and a debt-to-equity ratio of 1.43. BrightSpring Health Services has a 1-year low of $14.73 and a 1-year high of $30.35. The firm has a market cap of $5.14 billion, a price-to-earnings ratio of 93.04, a price-to-earnings-growth ratio of 0.47 and a beta of 2.40. The company has a 50-day moving average of $25.28 and a 200-day moving average of $22.31.

BrightSpring Health Services (NASDAQ:BTSG - Get Free Report) last posted its quarterly earnings results on Friday, August 1st. The company reported $0.22 earnings per share for the quarter, topping analysts' consensus estimates of $0.19 by $0.03. BrightSpring Health Services had a net margin of 0.55% and a return on equity of 9.29%. The business had revenue of $3.15 billion for the quarter, compared to analysts' expectations of $2.99 billion. During the same period in the prior year, the company posted $0.10 EPS. The business's revenue for the quarter was up 15.3% on a year-over-year basis. BrightSpring Health Services has set its FY 2025 guidance at EPS. Equities analysts forecast that BrightSpring Health Services will post 0.59 earnings per share for the current fiscal year.

Hedge Funds Weigh In On BrightSpring Health Services

Several large investors have recently added to or reduced their stakes in the company. Teacher Retirement System of Texas grew its holdings in BrightSpring Health Services by 6.8% during the first quarter. Teacher Retirement System of Texas now owns 14,650 shares of the company's stock worth $265,000 after acquiring an additional 932 shares during the period. Swiss National Bank grew its holdings in BrightSpring Health Services by 0.9% during the first quarter. Swiss National Bank now owns 118,100 shares of the company's stock worth $2,136,000 after acquiring an additional 1,000 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in BrightSpring Health Services by 5.8% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 32,429 shares of the company's stock worth $587,000 after acquiring an additional 1,780 shares during the period. EverSource Wealth Advisors LLC acquired a new position in BrightSpring Health Services during the second quarter worth about $43,000. Finally, Franklin Resources Inc. grew its holdings in BrightSpring Health Services by 5.6% during the second quarter. Franklin Resources Inc. now owns 36,467 shares of the company's stock worth $860,000 after acquiring an additional 1,926 shares during the period.

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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