BrightSpring Health Services (NASDAQ:BTSG) Price Target Raised to $82.00

BrightSpring Health Services (NASDAQ:BTSG) had its price objective upped by equities research analysts at Wells Fargo & Company from $78.00 to $82.00 in a research report issued to clients and investors on Monday, Benzinga reports. The firm currently has an “overweight” rating on the stock. Wells Fargo & Company‘s price objective would indicate a potential upside of 22.59% from the company’s previous close.

Several other research analysts have also recently issued reports on the company. Weiss Ratings cut BrightSpring Health Services from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, October 15th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $70.00 price target on shares of BrightSpring Health Services in a research report on Monday, August 3rd. KeyCorp restated an “overweight” rating on shares of BrightSpring Health Services in a research note on Monday, August 3rd. UBS Group reaffirmed a “buy” rating and issued a $92.00 price objective on shares of BrightSpring Health Services in a report on Monday. Finally, Guggenheim started coverage on shares of BrightSpring Health Services in a research note on Monday, July 13th. They issued a “buy” rating and a $81.00 price objective on the stock. One research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $74.75.

BrightSpring Health Services Stock Performance

NASDAQ:BTSG opened at $66.89 on Monday. BrightSpring Health Services has a 12 month low of $30.64 and a 12 month high of $73.75. The firm has a fifty day simple moving average of $59.94 and a 200-day simple moving average of $54.54. The company has a current ratio of 1.62, a quick ratio of 1.22 and a debt-to-equity ratio of 0.99. The company has a market capitalization of $13.23 billion, a P/E ratio of 36.16, a PEG ratio of 0.87 and a beta of 1.77.

BrightSpring Health Services (NASDAQ:BTSG) last issued its earnings results on Friday, October 30th. The company reported $0.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.47 by $0.07. BrightSpring Health Services had a return on equity of 18.56% and a net margin of 2.69%. The company had revenue of $4.21 billion during the quarter, compared to analyst estimates of $3.88 billion. The business’s revenue for the quarter was up 26.4% compared to the same quarter last year. On average, equities research analysts anticipate that BrightSpring Health Services will post 1.64 earnings per share for the current year.

Hedge Funds Weigh In On BrightSpring Health Services

Several institutional investors have recently made changes to their positions in the company. Allworth Financial LP acquired a new position in shares of BrightSpring Health Services in the 2nd quarter valued at $28,000. Root Financial Partners LLC acquired a new stake in BrightSpring Health Services during the third quarter valued at $25,000. IFP Advisors Inc increased its holdings in BrightSpring Health Services by 204.5% in the second quarter. IFP Advisors Inc now owns 606 shares of the company’s stock valued at $42,000 after buying an additional 407 shares in the last quarter. Kilter Group LLC purchased a new position in BrightSpring Health Services in the second quarter valued at $50,000. Finally, Public Employees Retirement System of Ohio acquired a new position in shares of BrightSpring Health Services in the second quarter worth about $63,000.

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.