BrightSpring Health Services (NASDAQ:BTSG) Price Target Raised to $27.00

BrightSpring Health Services (NASDAQ:BTSG) had its target price lifted by Wells Fargo & Company from $25.00 to $27.00 in a research report sent to investors on Tuesday morning, Marketbeat Ratings reports. Wells Fargo & Company currently has an overweight rating on the stock.

BTSG has been the subject of a number of other research reports. UBS Group increased their target price on BrightSpring Health Services from $22.00 to $30.00 and gave the company a “buy” rating in a report on Wednesday, January 29th. Mizuho set a $26.00 price objective on BrightSpring Health Services in a research note on Monday, May 5th. Finally, Morgan Stanley lifted their target price on shares of BrightSpring Health Services from $20.00 to $25.00 and gave the stock an “overweight” rating in a research note on Friday, May 9th. One analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $23.56.

BrightSpring Health Services Price Performance

Shares of NASDAQ BTSG opened at $24.02 on Tuesday. The company has a debt-to-equity ratio of 1.63, a quick ratio of 0.97 and a current ratio of 1.35. The firm has a fifty day moving average of $18.44 and a 200 day moving average of $18.91. The firm has a market cap of $4.19 billion, a PE ratio of -92.38 and a beta of 2.06. BrightSpring Health Services has a one year low of $10.15 and a one year high of $24.82.

BrightSpring Health Services (NASDAQ:BTSG) last released its earnings results on Friday, May 2nd. The company reported $0.19 EPS for the quarter, topping analysts’ consensus estimates of $0.09 by $0.10. The business had revenue of $2.88 billion during the quarter, compared to analysts’ expectations 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 company’s quarterly revenue was up 25.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.12 earnings per share. As a group, research analysts predict that BrightSpring Health Services will post 0.59 EPS for the current fiscal year.

Institutional Trading of BrightSpring Health Services

Several large investors have recently added to or reduced their stakes in the stock. Quarry LP purchased a new position in shares of BrightSpring Health Services during the 4th quarter worth $29,000. R Squared Ltd purchased a new stake in shares of BrightSpring Health Services in the fourth quarter valued at about $74,000. IFP Advisors Inc increased its position in BrightSpring Health Services by 273,666.7% during the first quarter. IFP Advisors Inc now owns 8,213 shares of the company’s stock worth $149,000 after purchasing an additional 8,210 shares during the last quarter. Highland Capital Management LLC purchased a new position in BrightSpring Health Services during the first quarter worth about $181,000. Finally, Envestnet Asset Management Inc. acquired a new position in BrightSpring Health Services in the 4th quarter valued at about $188,000.

About BrightSpring Health Services

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.