BrightSpring Health Services, Inc. (NASDAQ:BTSG) Receives Average Rating of “Buy” from Analysts

Shares of BrightSpring Health Services, Inc. (NASDAQ:BTSG) have earned an average rating of “Buy” from the twenty research firms that are presently covering the company, Marketbeat.com reports. Eighteen analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $70.7059.

A number of research firms have issued reports on BTSG. Wells Fargo & Company increased their target price on BrightSpring Health Services from $61.00 to $78.00 and gave the stock an “overweight” rating in a report on Monday, July 13th. KeyCorp reiterated an “overweight” rating on shares of BrightSpring Health Services in a report on Monday, August 3rd. TD Cowen lifted their target price on BrightSpring Health Services from $65.00 to $81.00 and gave the company a “buy” rating in a research report on Thursday, June 18th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $70.00 price target on shares of BrightSpring Health Services in a research report on Monday, August 3rd. Finally, Guggenheim began coverage on shares of BrightSpring Health Services in a research note on Monday, July 13th. They set a “buy” rating and a $81.00 price target for the company.

BrightSpring Health Services Stock Performance

Shares of BTSG stock opened at $60.73 on Wednesday. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.22 and a current ratio of 1.59. BrightSpring Health Services has a 52 week low of $23.69 and a 52 week high of $73.75. The company’s 50 day moving average price is $65.10 and its two-hundred day moving average price is $55.66. The company has a market capitalization of $12.02 billion, a P/E ratio of 36.58, a price-to-earnings-growth ratio of 0.71 and a beta of 1.84.

BrightSpring Health Services (NASDAQ:BTSG) last issued its quarterly earnings data on Friday, July 31st. The company reported $0.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.05. The company had revenue of $3.87 billion during the quarter, compared to the consensus estimate of $3.66 billion. BrightSpring Health Services had a net margin of 2.55% and a return on equity of 16.73%. The firm’s revenue was up 23.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.22 earnings per share. On average, analysts expect that BrightSpring Health Services will post 1.82 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its stake in shares of BrightSpring Health Services by 30.5% during the 4th quarter. Vanguard Group Inc. now owns 12,533,656 shares of the company’s stock worth $469,385,000 after buying an additional 2,928,953 shares during the last quarter. California State Teachers Retirement System raised its stake in shares of BrightSpring Health Services by 7,273.3% during the 2nd quarter. California State Teachers Retirement System now owns 11,660,667 shares of the company’s stock worth $813,215,000 after purchasing an additional 11,502,520 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in shares of BrightSpring Health Services by 4.7% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 10,662,236 shares of the company’s stock valued at $399,302,000 after buying an additional 478,436 shares during the last quarter. Invesco Ltd. grew its stake in shares of BrightSpring Health Services by 13.4% in the fourth quarter. Invesco Ltd. now owns 10,595,232 shares of the company’s stock valued at $396,791,000 after buying an additional 1,248,107 shares in the last quarter. Finally, T. Rowe Price Investment Management Inc. increased its holdings in BrightSpring Health Services by 21.7% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 6,123,865 shares of the company’s stock worth $229,339,000 after buying an additional 1,091,757 shares during the last quarter.

About BrightSpring Health Services

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.