BrightSpring Health Services (NASDAQ:BTSG) Given New $30.00 Price Target at UBS Group

BrightSpring Health Services (NASDAQ:BTSG) had its target price boosted by equities researchers at UBS Group from $22.00 to $30.00 in a report issued on Wednesday,Benzinga reports. The firm presently has a “buy” rating on the stock. UBS Group’s price target indicates a potential upside of 27.77% from the stock’s current price.

A number of other brokerages also recently issued reports on BTSG. Bank of America lifted their price objective 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. KeyCorp assumed coverage on shares of BrightSpring Health Services in a report on Friday, October 11th. They issued a “sector weight” rating on the stock. Mizuho increased their price objective on BrightSpring Health Services from $17.00 to $20.00 and gave the company an “outperform” rating in a report on Monday, November 4th. BTIG Research raised their price target on shares of BrightSpring Health Services from $15.00 to $20.00 and gave the stock a “buy” rating in a report on Thursday, October 3rd. Finally, Morgan Stanley increased their price objective on BrightSpring Health Services from $19.00 to $20.00 and gave the company an “overweight” rating in a report on Tuesday, December 17th. One equities research analyst has rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $19.42.

BrightSpring Health Services Trading Up 3.3 %

NASDAQ BTSG traded up $0.75 during trading on Wednesday, hitting $23.48. The stock had a trading volume of 82,949 shares, compared to its average volume of 1,604,001. The company has a debt-to-equity ratio of 1.63, a quick ratio of 0.97 and a current ratio of 1.35. The stock has a 50 day simple moving average of $18.51 and a 200 day simple moving average of $15.76. BrightSpring Health Services has a one year low of $7.85 and a one year high of $23.81. The stock has a market capitalization of $4.09 billion and a price-to-earnings ratio of -90.13.

BrightSpring Health Services (NASDAQ:BTSG) last posted its quarterly earnings results on Friday, November 1st. The company reported $0.11 EPS for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.07). The company had revenue of $2.91 billion during the quarter, compared to the consensus estimate of $2.72 billion. BrightSpring Health Services had a positive return on equity of 4.16% and a negative net margin of 0.38%. The business’s revenue was up 28.8% compared to the same quarter last year. Sell-side analysts predict that BrightSpring Health Services will post 0.59 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. BNP Paribas Financial Markets increased its position in BrightSpring Health Services by 5.0% during the 3rd quarter. BNP Paribas Financial Markets now owns 21,329 shares of the company’s stock worth $313,000 after purchasing an additional 1,011 shares in the last quarter. R Squared Ltd purchased a new stake in shares of BrightSpring Health Services during the fourth quarter worth about $74,000. Charles Schwab Investment Management Inc. lifted its stake in shares of BrightSpring Health Services by 1.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 440,335 shares of the company’s stock valued at $6,464,000 after buying an additional 6,326 shares during the period. Geode Capital Management LLC lifted its stake in shares of BrightSpring Health Services by 0.6% during the 3rd quarter. Geode Capital Management LLC now owns 1,304,214 shares of the company’s stock worth $19,150,000 after purchasing an additional 7,750 shares during the period. Finally, nVerses Capital LLC lifted its holdings in shares of BrightSpring Health Services by 195.8% during the 3rd quarter. nVerses Capital LLC now owns 14,200 shares of the company’s stock worth $208,000 after acquiring an additional 9,400 shares during the period.

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.