Mizuho Boosts BrightSpring Health Services (NASDAQ:BTSG) Price Target to $20.00

BrightSpring Health Services (NASDAQ:BTSG) had its target price boosted by Mizuho from $17.00 to $20.00 in a research note issued to investors on Monday,Benzinga reports. Mizuho currently has an outperform rating on the stock.

Several other brokerages have also recently commented on BTSG. UBS Group boosted their target price on BrightSpring Health Services from $16.00 to $20.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. The Goldman Sachs Group dropped their price target on shares of BrightSpring Health Services from $21.00 to $18.00 and set a “buy” rating on the stock in a research report on Friday, August 9th. BTIG Research increased their price objective on BrightSpring Health Services from $15.00 to $20.00 and gave the company a “buy” rating in a research report on Thursday, October 3rd. Guggenheim lifted their price target on BrightSpring Health Services from $15.00 to $18.00 and gave the stock a “buy” rating in a research note on Tuesday, October 1st. Finally, KeyCorp began coverage on shares of BrightSpring Health Services in a research note on Friday, October 11th. They set a “sector weight” rating for the company. One analyst has rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $16.79.

BrightSpring Health Services Trading Up 3.1 %

Shares of BTSG stock opened at $18.92 on Monday. The firm has a market capitalization of $3.29 billion and a PE ratio of -72.77. The company has a debt-to-equity ratio of 1.63, a quick ratio of 1.00 and a current ratio of 1.35. BrightSpring Health Services has a 1 year low of $7.85 and a 1 year high of $18.99. The stock has a fifty day moving average of $14.99 and a two-hundred day moving average of $12.65.

BrightSpring Health Services (NASDAQ:BTSG) last announced its earnings results on Friday, November 1st. The company reported $0.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.07). BrightSpring Health Services had a negative net margin of 0.38% and a positive return on equity of 4.16%. The company had revenue of $2.91 billion during the quarter, compared to the consensus estimate of $2.72 billion. The company’s revenue was up 28.8% on a year-over-year basis. As a group, research analysts expect that BrightSpring Health Services will post 0.53 EPS for the current year.

Insider Activity

In other news, major shareholder Kkr Group Partnership L.P. acquired 11,619,998 shares of the firm’s stock in a transaction that occurred on Wednesday, September 11th. The stock was acquired at an average cost of $11.13 per share, with a total value of $129,330,577.74. Following the acquisition, the insider now owns 92,959,984 shares in the company, valued at approximately $1,034,644,621.92. This represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Institutional Trading of BrightSpring Health Services

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Kohlberg Kravis Roberts & Co. L.P. bought a new stake in shares of BrightSpring Health Services in the first quarter valued at approximately $884,166,000. 8 Knots Management LLC acquired a new position in BrightSpring Health Services during the 1st quarter valued at $67,678,000. Vanguard Group Inc. acquired a new position in BrightSpring Health Services during the 1st quarter valued at $54,638,000. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in BrightSpring Health Services in the 1st quarter valued at $35,328,000. Finally, Price T Rowe Associates Inc. MD acquired a new stake in BrightSpring Health Services in the 1st quarter worth $16,260,000.

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.