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

BrightSpring Health Services, Inc. (NASDAQ:BTSG) has been given a consensus rating of “Buy” by the eleven ratings firms that are currently covering the company, Marketbeat reports. Eleven research analysts have rated the stock with a buy recommendation. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $15.75.

Several brokerages have recently commented on BTSG. The Goldman Sachs Group lowered their target price on shares of BrightSpring Health Services from $26.00 to $23.00 and set a “buy” rating for the company in a report on Monday, March 4th. Deutsche Bank Aktiengesellschaft upgraded shares of BrightSpring Health Services from a “hold” rating to a “buy” rating and set a $11.50 price target for the company in a research report on Tuesday, February 27th. Guggenheim began coverage on shares of BrightSpring Health Services in a research report on Tuesday, February 20th. They set a “buy” rating and a $15.00 price target for the company. Bank of America began coverage on shares of BrightSpring Health Services in a research report on Tuesday, February 20th. They set a “buy” rating and a $14.00 price target for the company. Finally, Wells Fargo & Company began coverage on shares of BrightSpring Health Services in a research report on Tuesday, February 20th. They set an “overweight” rating and a $15.00 price target for the company.

BrightSpring Health Services Trading Up 1.7 %

Shares of BTSG stock opened at $10.57 on Wednesday. The firm has a 50-day moving average price of $9.96. The company has a debt-to-equity ratio of 5.73, a current ratio of 1.17 and a quick ratio of 0.84. BrightSpring Health Services has a one year low of $7.85 and a one year high of $12.14.

BrightSpring Health Services (NASDAQ:BTSG) last announced its earnings results on Thursday, February 29th. The company reported ($0.06) EPS for the quarter, missing the consensus estimate of $0.15 by ($0.21). The firm had revenue of $2.38 billion for the quarter, compared to the consensus estimate of $2.36 billion. BrightSpring Health Services’s quarterly revenue was up 20.5% on a year-over-year basis. On average, sell-side analysts forecast that BrightSpring Health Services will post 0.72 EPS for the current year.

Insiders Place Their Bets

In related news, insider James F. Mattingly, Jr. bought 12,280 shares of the company’s stock in a transaction on Thursday, March 14th. The shares were purchased at an average price of $8.18 per share, for a total transaction of $100,450.40. Following the completion of the transaction, the insider now directly owns 128,700 shares in the company, valued at approximately $1,052,766. The transaction was disclosed in a filing with the SEC, which is available at this link. In related news, CAO Jennifer A. Phipps bought 12,300 shares of the company’s stock in a transaction on Thursday, March 14th. The shares were purchased at an average price of $8.14 per share, for a total transaction of $100,122.00. Following the completion of the transaction, the chief accounting officer now directly owns 165,618 shares in the company, valued at approximately $1,348,130.52. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider James F. Mattingly, Jr. bought 12,280 shares of the company’s stock in a transaction on Thursday, March 14th. The shares were bought at an average price of $8.18 per share, for a total transaction of $100,450.40. Following the transaction, the insider now owns 128,700 shares of the company’s stock, valued at $1,052,766. The disclosure for this purchase can be found here.

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.