BrightSpring Health Services, Inc. (NASDAQ:BTSG) Given Consensus Recommendation of “Buy” by Analysts

Shares of BrightSpring Health Services, Inc. (NASDAQ:BTSG) have earned a consensus rating of “Buy” from the twenty analysts that are presently covering the company, MarketBeat reports. Eighteen equities research analysts have rated the stock with a buy recommendation and two have given a strong buy recommendation to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $70.7059.

Several equities research analysts recently issued reports on the company. The Goldman Sachs Group began coverage on BrightSpring Health Services in a report on Monday, June 8th. They set a “buy” rating and a $71.00 price target for the company. Guggenheim started coverage on BrightSpring Health Services in a research note on Monday, July 13th. They set a “buy” rating and a $81.00 price objective on the stock. Zacks Research raised shares of BrightSpring Health Services from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 4th. Morgan Stanley upped their target price on shares of BrightSpring Health Services from $71.00 to $80.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 14th. Finally, TD Cowen increased their target price on shares of BrightSpring Health Services from $65.00 to $81.00 and gave the company a “buy” rating in a report on Thursday, June 18th.

BrightSpring Health Services Stock Performance

Shares of BTSG opened at $61.71 on Friday. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.22 and a current ratio of 1.59. The stock has a 50 day moving average price of $66.64 and a two-hundred day moving average price of $53.39. The firm has a market capitalization of $12.21 billion, a P/E ratio of 37.17, a P/E/G ratio of 0.74 and a beta of 1.88. BrightSpring Health Services has a 52 week low of $22.36 and a 52 week high of $73.75.

BrightSpring Health Services (NASDAQ:BTSG) last issued its quarterly earnings data on Friday, July 31st. The company reported $0.45 EPS for the quarter, topping the consensus estimate of $0.40 by $0.05. The firm had revenue of $3.87 billion during the quarter, compared to the consensus estimate of $3.66 billion. BrightSpring Health Services had a return on equity of 16.73% and a net margin of 2.55%.The company’s quarterly revenue was up 23.0% compared to the same quarter last year. During the same period in the prior year, the business posted $0.22 earnings per share. Equities analysts forecast that BrightSpring Health Services will post 1.78 earnings per share for the current fiscal year.

Insider Activity

In other BrightSpring Health Services news, insider Jon B. Rousseau sold 130,000 shares of the company’s stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $58.75, for a total value of $7,637,500.00. Following the completion of the sale, the insider directly owned 1,194,503 shares of the company’s stock, valued at approximately $70,177,051.25. This represents a 9.82% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Lisa A. Nalley sold 35,000 shares of the company’s stock in a transaction dated Friday, June 5th. The stock was sold at an average price of $58.75, for a total transaction of $2,056,250.00. Following the completion of the sale, the insider directly owned 131,948 shares of the company’s stock, valued at $7,751,945. The trade was a 20.96% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 2.80% of the stock is currently owned by insiders.

Hedge Funds Weigh In On BrightSpring Health Services

Institutional investors have recently modified their holdings of the business. Allworth Financial LP purchased a new stake in shares of BrightSpring Health Services during the second quarter valued at approximately $28,000. NBC Securities Inc. purchased a new position in BrightSpring Health Services in the fourth quarter worth $29,000. Salomon & Ludwin LLC bought a new position in BrightSpring Health Services in the 4th quarter valued at $30,000. GHP Investment Advisors Inc. bought a new position in BrightSpring Health Services in the 1st quarter valued at $31,000. Finally, EverSource Wealth Advisors LLC bought a new position in BrightSpring Health Services in the 2nd quarter valued at $43,000.

BrightSpring Health Services Company Profile

BrightSpring Health Services (NASDAQ: BTSG) is a leading provider of home and community-based care and workforce solutions aimed at seniors, individuals with disabilities and those facing behavioral health challenges. The company’s operations encompass a broad spectrum of services, including personal care, skilled nursing, therapy, habilitation and supported living, as well as specialized behavioral health programs delivered through both clinical and non-clinical channels.

Through its network of subsidiary brands, BrightSpring offers integrated care in the patient’s home environment, fostering independence and improving quality of life.