BrightSpring Health Services, Inc. (NASDAQ:BTSG) Receives Consensus Recommendation of “Buy” from Brokerages

BrightSpring Health Services, Inc. (NASDAQ:BTSG) has been given an average rating of “Buy” by the twenty analysts that are covering the stock, MarketBeat Ratings reports. Eighteen equities research analysts have rated the stock with a buy rating and two have issued a strong buy rating on the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $70.71.

Several analysts have recently weighed in on BTSG shares. Guggenheim began coverage on BrightSpring Health Services in a report on Monday, July 13th. They issued a “buy” rating and a $81.00 target price for the company. Wells Fargo & Company raised their price target on BrightSpring Health Services from $61.00 to $78.00 and gave the stock an “overweight” rating in a research note on Monday, July 13th. KeyCorp reaffirmed an “overweight” rating on shares of BrightSpring Health Services in a research report on Monday, August 3rd. Weiss Ratings reiterated a “buy (b-)” rating on shares of BrightSpring Health Services in a research note on Friday, July 31st. Finally, The Goldman Sachs Group initiated coverage on BrightSpring Health Services in a report on Monday, June 8th. They issued a “buy” rating and a $71.00 price objective for the company.

Institutional Trading of BrightSpring Health Services

Several institutional investors and hedge funds have recently bought and sold shares of the business. Cim Investment Management Inc. purchased a new position in BrightSpring Health Services during the 2nd quarter worth $222,000. Sequoia Financial Advisors LLC purchased a new stake in shares of BrightSpring Health Services in the second quarter valued at about $257,000. Tidal Investments LLC raised its holdings in shares of BrightSpring Health Services by 186.2% in the second quarter. Tidal Investments LLC now owns 68,900 shares of the company’s stock valued at $4,805,000 after buying an additional 44,828 shares during the last quarter. WINTON GROUP Ltd acquired a new stake in shares of BrightSpring Health Services during the second quarter worth about $10,070,000. Finally, Integrated Wealth Concepts LLC acquired a new stake in shares of BrightSpring Health Services during the second quarter worth about $76,000.

BrightSpring Health Services Stock Up 0.9%

BTSG stock opened at $57.26 on Friday. The company has a current ratio of 1.59, a quick ratio of 1.22 and a debt-to-equity ratio of 1.06. BrightSpring Health Services has a twelve month low of $27.11 and a twelve month high of $73.75. The company’s 50 day moving average is $60.51 and its two-hundred day moving average is $57.96. The stock has a market cap of $11.33 billion, a P/E ratio of 34.49, a PEG ratio of 0.66 and a beta of 1.87.

BrightSpring Health Services (NASDAQ:BTSG) last announced its quarterly earnings results on Friday, July 31st. The company reported $0.45 EPS for the quarter, topping the consensus estimate of $0.40 by $0.05. BrightSpring Health Services had a net margin of 2.55% and a return on equity of 16.73%. The firm had revenue of $3.87 billion for the quarter, compared to analyst estimates of $3.66 billion. During the same period last year, the business earned $0.22 EPS. BrightSpring Health Services’s revenue for the quarter was up 23.0% compared to the same quarter last year. Research analysts expect that BrightSpring Health Services will post 1.82 earnings per share for the current fiscal year.

BrightSpring Health Services Company Profile

BrightSpring Health Services, Inc is a U.S. provider of pharmacy and health services focused on individuals with complex or chronic medical needs. The company delivers care across home and community-based settings, serving older adults, people with disabilities, and patients requiring specialized support.

Its services include pharmacy care through PharMerica, home health and hospice, primary and urgent care, behavioral health, rehabilitation, and personal care. BrightSpring also provides residential and community-based services, including assistance with daily living, clinical support, and care coordination for individuals who need ongoing support outside traditional hospital settings.

The company was formed in 2019 through the combination of PharMerica and ResCare.