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

Shares of BrightSpring Health Services, Inc. (NASDAQ:BTSG) have received a consensus rating of “Buy” from the twelve brokerages that are covering the stock, MarketBeat Ratings reports. Twelve equities research analysts have rated the stock with a buy rating. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $15.32.

A number of research firms have commented on BTSG. The Goldman Sachs Group reduced their price objective on shares of BrightSpring Health Services from $21.00 to $18.00 and set a “buy” rating for the company in a research report on Friday, August 9th. BTIG Research began coverage on BrightSpring Health Services in a research report on Friday, June 21st. They set a “buy” rating and a $15.00 price objective on the stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. nVerses Capital LLC bought a new position in BrightSpring Health Services in the second quarter valued at about $55,000. Ameritas Investment Partners Inc. bought a new stake in shares of BrightSpring Health Services in the first quarter valued at approximately $58,000. California State Teachers Retirement System purchased a new position in shares of BrightSpring Health Services in the first quarter valued at $59,000. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in BrightSpring Health Services in the 2nd quarter valued at $126,000. Finally, Arizona State Retirement System purchased a new position in shares of BrightSpring Health Services during the second quarter worth about $163,000.

BrightSpring Health Services Trading Down 0.4 %

Shares of BrightSpring Health Services stock opened at $13.52 on Friday. The stock’s fifty day simple moving average is $11.99 and its 200 day simple moving average is $11.02. The company has a quick ratio of 1.00, a current ratio of 1.33 and a debt-to-equity ratio of 1.62. BrightSpring Health Services has a 12 month low of $7.85 and a 12 month high of $13.68.

BrightSpring Health Services (NASDAQ:BTSG) last posted its quarterly earnings results on Friday, August 2nd. The company reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.08). The business had revenue of $2.73 billion for the quarter, compared to analysts’ expectations of $2.61 billion. The business’s revenue for the quarter was up 26.0% compared to the same quarter last year. As a group, equities research analysts expect that BrightSpring Health Services will post 0.57 earnings per share for the current fiscal year.

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.