Morgan Stanley Forecasts Strong Price Appreciation for BrightSpring Health Services (NASDAQ:BTSG) Stock

BrightSpring Health Services (NASDAQ:BTSG) had its target price boosted by research analysts at Morgan Stanley from $20.00 to $25.00 in a research note issued to investors on Friday,Benzinga reports. The firm currently has an “overweight” rating on the stock. Morgan Stanley’s price target indicates a potential upside of 9.55% from the stock’s current price.

Several other research analysts also recently commented on the company. UBS Group raised their price objective on BrightSpring Health Services from $22.00 to $30.00 and gave the stock a “buy” rating in a report on Wednesday, January 29th. Mizuho set a $26.00 price objective on BrightSpring Health Services in a report on Monday, May 5th. One analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $22.89.

BrightSpring Health Services Stock Performance

Shares of BrightSpring Health Services stock opened at $22.82 on Friday. The company has a quick ratio of 0.97, a current ratio of 1.35 and a debt-to-equity ratio of 1.63. The stock’s fifty day moving average is $17.96 and its two-hundred day moving average is $18.72. BrightSpring Health Services has a 52 week low of $10.15 and a 52 week high of $24.82. The company has a market capitalization of $3.98 billion, a PE ratio of -87.77 and a beta of 2.06.

BrightSpring Health Services (NASDAQ:BTSG) last posted its quarterly earnings results on Friday, May 2nd. The company reported $0.19 EPS for the quarter, topping the consensus estimate of $0.09 by $0.10. The company had revenue of $2.88 billion for the quarter, compared to the consensus estimate of $2.74 billion. BrightSpring Health Services had a negative net margin of 0.38% and a positive return on equity of 4.16%. The firm’s revenue was up 25.9% compared to the same quarter last year. During the same quarter last year, the firm posted $0.12 EPS. As a group, analysts expect that BrightSpring Health Services will post 0.59 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of BTSG. Quarry LP acquired a new stake in BrightSpring Health Services in the fourth quarter valued at approximately $29,000. R Squared Ltd purchased a new stake in shares of BrightSpring Health Services during the 4th quarter valued at $74,000. IFP Advisors Inc grew its stake in BrightSpring Health Services by 273,666.7% during the 1st quarter. IFP Advisors Inc now owns 8,213 shares of the company’s stock worth $149,000 after buying an additional 8,210 shares during the last quarter. Highland Capital Management LLC acquired a new position in BrightSpring Health Services during the 1st quarter valued at about $181,000. Finally, Envestnet Asset Management Inc. purchased a new stake in BrightSpring Health Services in the fourth quarter valued at about $188,000.

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.