BrightSpring Health Services, Inc. (NASDAQ:BTSG) Receives $21.67 Consensus PT from Brokerages

Shares of BrightSpring Health Services, Inc. (NASDAQ:BTSG) have been given a consensus rating of “Moderate Buy” by the ten ratings firms that are covering the stock, Marketbeat reports. One research analyst has rated the stock with a hold rating and nine have issued a buy rating on the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $21.67.

BTSG has been the topic of several research analyst reports. UBS Group lifted their target price on BrightSpring Health Services from $22.00 to $30.00 and gave the company a “buy” rating in a research note on Wednesday, January 29th. CJS Securities started 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. Bank of America increased their target price 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. Finally, Morgan Stanley lifted their target price on shares of BrightSpring Health Services from $19.00 to $20.00 and gave the company an “overweight” rating in a research note on Tuesday, December 17th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of BTSG. Virtu Financial LLC acquired a new position in BrightSpring Health Services during the third quarter worth $522,000. JPMorgan Chase & Co. increased its holdings in shares of BrightSpring Health Services by 275.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 163,618 shares of the company’s stock valued at $2,402,000 after acquiring an additional 120,005 shares during the last quarter. Legato Capital Management LLC raised its stake in shares of BrightSpring Health Services by 40.0% in the 4th quarter. Legato Capital Management LLC now owns 66,910 shares of the company’s stock valued at $1,139,000 after acquiring an additional 19,120 shares in the last quarter. HBK Investments L P lifted its holdings in BrightSpring Health Services by 7.1% in the 3rd quarter. HBK Investments L P now owns 750,000 shares of the company’s stock worth $11,010,000 after purchasing an additional 50,000 shares during the last quarter. Finally, The Manufacturers Life Insurance Company boosted its position in BrightSpring Health Services by 67.7% during the third quarter. The Manufacturers Life Insurance Company now owns 196,207 shares of the company’s stock worth $2,880,000 after purchasing an additional 79,181 shares during the period.

BrightSpring Health Services Stock Down 2.1 %

NASDAQ:BTSG opened at $18.03 on Wednesday. The business’s fifty day moving average price is $20.13 and its 200 day moving average price is $18.09. The firm has a market capitalization of $3.15 billion, a price-to-earnings ratio of -69.35 and a beta of 2.20. The company has a current ratio of 1.35, a quick ratio of 0.97 and a debt-to-equity ratio of 1.63. BrightSpring Health Services has a 1-year low of $9.98 and a 1-year high of $24.82.

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.