BrightSpring Health Services, Inc. (NASDAQ:BTSG) Stock Now Rated “Moderate Buy” by Wall Street Analysts

Shares of BrightSpring Health Services, Inc. (NASDAQ:BTSG) have earned an average rating of “Moderate Buy” from the nineteen ratings firms that are presently covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $72.88.

Several research analysts have recently commented on the company. BTIG Research reaffirmed a “buy” rating and issued a $90.00 price objective on shares of BrightSpring Health Services in a research note on Thursday, August 13th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $70.00 price objective on shares of BrightSpring Health Services in a report on Monday, August 3rd. 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 research note on Monday, July 13th. Morgan Stanley raised their target price on BrightSpring Health Services from $71.00 to $80.00 and gave the company an “overweight” rating in a report on Tuesday, July 14th. Finally, Zacks Research cut BrightSpring Health Services from a “strong-buy” rating to a “hold” rating in a report on Friday, October 2nd.

BrightSpring Health Services Stock Performance

Shares of BTSG stock opened at $58.88 on Thursday. 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 firm has a market cap of $11.65 billion, a P/E ratio of 35.47, a P/E/G ratio of 0.78 and a beta of 1.87. The firm’s 50 day moving average price is $59.81 and its 200-day moving average price is $54.09. BrightSpring Health Services has a one year low of $30.64 and a one year high of $73.75.

BrightSpring Health Services (NASDAQ:BTSG) last posted its earnings results on Friday, July 31st. The company reported $0.45 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.05. BrightSpring Health Services had a net margin of 2.55% and a return on equity of 16.73%. The firm had revenue of $3.87 billion during the quarter, compared to the consensus estimate of $3.66 billion. During the same quarter last year, the firm earned $0.22 EPS. The firm’s revenue for the quarter was up 23.0% on a year-over-year basis. As a group, equities research analysts predict that BrightSpring Health Services will post 1.64 EPS for the current year.

Institutional Investors Weigh In On BrightSpring Health Services

Large investors have recently added to or reduced their stakes in the business. WESPAC Advisors LLC increased its holdings in BrightSpring Health Services by 1.9% during the 3rd quarter. WESPAC Advisors LLC now owns 11,942 shares of the company’s stock worth $678,000 after purchasing an additional 228 shares during the period. Inspire Investing LLC acquired a new position in shares of BrightSpring Health Services during the third quarter worth about $632,000. Yousif Capital Management LLC increased its stake in shares of BrightSpring Health Services by 6.0% during the third quarter. Yousif Capital Management LLC now owns 45,758 shares of the company’s stock worth $2,597,000 after buying an additional 2,572 shares during the period. Root Financial Partners LLC purchased a new stake in shares of BrightSpring Health Services during the third quarter worth approximately $25,000. Finally, SBI Securities Co. Ltd. increased its stake in shares of BrightSpring Health Services by 195.8% during the third quarter. SBI Securities Co. Ltd. now owns 1,485 shares of the company’s stock worth $84,000 after buying an additional 983 shares during the period.

About BrightSpring Health Services

BrightSpring Health Services (NASDAQ:BTSG) is a Louisville, Kentucky-based provider of home- and community-based health services and pharmacy services. The company focuses on supporting individuals with complex or chronic care needs, including older adults and people with disabilities, through care delivered in homes, communities and other non-hospital settings.

Its services include home health, hospice, personal care, behavioral health, primary care, rehabilitation and community living programs.