BrightSpring Health Services, Inc. (NASDAQ:BTSG) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of BrightSpring Health Services, Inc. (NASDAQ:BTSG) have earned an average rating of “Moderate Buy” from the fifteen ratings firms that are presently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a hold recommendation and fourteen have assigned a buy recommendation to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $19.42.

A number of analysts recently commented on the company. Morgan Stanley lifted their price objective on BrightSpring Health Services from $19.00 to $20.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 17th. Bank of America lifted their price target on shares of BrightSpring Health Services from $19.00 to $21.00 and gave the stock a “buy” rating in a research report on Wednesday, December 11th. Mizuho increased their price objective on shares of BrightSpring Health Services from $17.00 to $20.00 and gave the company an “outperform” rating in a report on Monday, November 4th. UBS Group lifted their target price on shares of BrightSpring Health Services from $22.00 to $30.00 and gave the stock a “buy” rating in a report on Wednesday, January 29th. Finally, CJS Securities began coverage on BrightSpring Health Services in a research note on Thursday, December 12th. They issued an “outperform” rating and a $27.00 price target on the stock.

BrightSpring Health Services Trading Up 0.7 %

BTSG stock opened at $22.27 on Tuesday. The company has a quick ratio of 0.97, a current ratio of 1.35 and a debt-to-equity ratio of 1.63. BrightSpring Health Services has a twelve month low of $7.85 and a twelve month high of $24.82. The company has a market cap of $3.88 billion and a P/E ratio of -85.65. The business has a fifty day moving average of $19.28 and a 200-day moving average of $16.48.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BTSG. R Squared Ltd bought a new position in shares of BrightSpring Health Services during the 4th quarter valued at about $74,000. Intech Investment Management LLC acquired a new position in shares of BrightSpring Health Services in the third quarter valued at approximately $159,000. nVerses Capital LLC increased its position in shares of BrightSpring Health Services by 195.8% during the third quarter. nVerses Capital LLC now owns 14,200 shares of the company’s stock worth $208,000 after acquiring an additional 9,400 shares in the last quarter. BNP Paribas Financial Markets raised its holdings in shares of BrightSpring Health Services by 5.0% during the third quarter. BNP Paribas Financial Markets now owns 21,329 shares of the company’s stock worth $313,000 after acquiring an additional 1,011 shares during the period. Finally, SG Americas Securities LLC bought a new stake in BrightSpring Health Services in the 3rd quarter valued at $360,000.

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.