Weiss Ratings Reaffirms "Hold (C-)" Rating for BrightSpring Health Services (NASDAQ:BTSG)

Key Points

• Weiss Ratings has reaffirmed a "Hold (C-)" rating for BrightSpring Health Services (NASDAQ:BTSG), while several other analysts have recently assigned a buy rating with varying price targets ranging from $30 to $37.
• BrightSpring Health Services reported a 15.3% year-over-year revenue increase, with earnings per share of $0.22, exceeding analysts' expectations of $0.19.
• The company's stock has a current price of $28.89, with a market cap of $5.12 billion, and it experienced a notable increase in trading volume recently.

BrightSpring Health Services (NASDAQ:BTSG - Get Free Report)'s stock had its "hold (c-)" rating reaffirmed by research analysts at Weiss Ratings in a research report issued to clients and investors on Wednesday,Weiss Ratings reports.

A number of other analysts have also recently commented on the stock. TD Cowen began coverage on shares of BrightSpring Health Services in a research note on Monday, June 23rd. They set a "buy" rating and a $37.00 price target on the stock. Bank of America upped their price target on shares of BrightSpring Health Services from $27.50 to $31.00 and gave the company a "buy" rating in a research note on Wednesday, September 10th. Cowen restated a "buy" rating on shares of BrightSpring Health Services in a research note on Monday, August 4th. Deutsche Bank Aktiengesellschaft set a $30.00 target price on shares of BrightSpring Health Services and gave the stock a "buy" rating in a research note on Monday, September 8th. Finally, Wall Street Zen cut shares of BrightSpring Health Services from a "strong-buy" rating to a "buy" rating in a research note on Saturday, July 26th. Nine research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $29.88.

BrightSpring Health Services Stock Performance

BTSG traded up $0.47 during midday trading on Wednesday, reaching $28.89. The company had a trading volume of 4,674,968 shares, compared to its average volume of 2,289,923. 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 stock has a market cap of $5.12 billion, a PE ratio of 93.20, a P/E/G ratio of 0.48 and a beta of 2.40. BrightSpring Health Services has a 12-month low of $14.73 and a 12-month high of $30.35. The business has a 50-day moving average price of $24.80 and a two-hundred day moving average price of $22.07.

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

Institutional Investors Weigh In On BrightSpring Health Services

Several institutional investors have recently added to or reduced their stakes in BTSG. T. Rowe Price Investment Management Inc. boosted its position in BrightSpring Health Services by 264.7% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 5,772,772 shares of the company's stock valued at $104,430,000 after buying an additional 4,189,805 shares during the period. Invesco Ltd. lifted its position in shares of BrightSpring Health Services by 47.7% in the 2nd quarter. Invesco Ltd. now owns 9,119,408 shares of the company's stock worth $215,127,000 after purchasing an additional 2,946,811 shares during the period. The Manufacturers Life Insurance Company lifted its position in shares of BrightSpring Health Services by 936.4% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 2,276,583 shares of the company's stock worth $53,705,000 after purchasing an additional 2,056,920 shares during the period. Jane Street Group LLC lifted its position in shares of BrightSpring Health Services by 855.4% in the 2nd quarter. Jane Street Group LLC now owns 2,076,730 shares of the company's stock worth $48,990,000 after purchasing an additional 1,859,369 shares during the period. Finally, Nuveen LLC purchased a new stake in shares of BrightSpring Health Services in the 1st quarter worth about $29,333,000.

BrightSpring Health Services Company Profile

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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