BrightSpring Health Services, Inc. (NASDAQ:BTSG) Receives $20.80 Consensus Target Price from Brokerages

BrightSpring Health Services, Inc. (NASDAQ:BTSG) has earned an average recommendation of “Moderate Buy” from the ten research firms that are currently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a hold rating and nine have issued a buy rating on the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $21.67.

BTSG has been the topic of several research analyst reports. Wells Fargo & Company boosted their price target on shares of BrightSpring Health Services from $17.00 to $21.00 and gave the company an “overweight” rating in a research report on Wednesday, November 27th. Morgan Stanley upped their target price on shares of BrightSpring Health Services from $19.00 to $20.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 17th. CJS Securities initiated coverage on shares of BrightSpring Health Services in a research report on Thursday, December 12th. They set an “outperform” rating and a $27.00 price objective on the stock. UBS Group increased their price objective on shares of BrightSpring Health Services from $22.00 to $30.00 and gave the company a “buy” rating in a research report on Wednesday, January 29th. Finally, Bank of America increased 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.

BrightSpring Health Services Price Performance

BTSG stock opened at $17.48 on Friday. BrightSpring Health Services has a 12-month low of $7.85 and a 12-month high of $24.82. The company has a current ratio of 1.35, a quick ratio of 0.97 and a debt-to-equity ratio of 1.63. The firm’s 50-day moving average price is $20.03 and its two-hundred day moving average price is $17.45. The stock has a market capitalization of $3.04 billion, a price-to-earnings ratio of -67.23 and a beta of 2.20.

Hedge Funds Weigh In On BrightSpring Health Services

Several institutional investors have recently bought and sold shares of BTSG. Quarry LP bought a new position in BrightSpring Health Services during the fourth quarter valued at $29,000. R Squared Ltd bought a new stake in BrightSpring Health Services during the 4th quarter valued at about $74,000. Intech Investment Management LLC bought a new stake in BrightSpring Health Services during the 3rd quarter valued at about $159,000. Envestnet Asset Management Inc. bought a new stake in BrightSpring Health Services during the 4th quarter valued at about $188,000. Finally, KLP Kapitalforvaltning AS purchased a new position in BrightSpring Health Services during the 4th quarter valued at about $206,000.

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.