BrightSpring Health Services (NASDAQ:BTSG) Price Target Raised to $82.00

BrightSpring Health Services (NASDAQ:BTSG) had its target price hoisted by Wells Fargo & Company from $78.00 to $82.00 in a report released on Monday morning,Benzinga reports. They currently have an overweight rating on the stock.

A number of other equities analysts have also commented on BTSG. Raymond James Financial started coverage on shares of BrightSpring Health Services in a research report on Thursday, July 9th. They set an “outperform” rating and a $80.00 price target on the stock. Weiss Ratings lowered shares of BrightSpring Health Services from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, October 15th. KeyCorp reiterated an “overweight” rating on shares of BrightSpring Health Services in a research report on Monday, August 3rd. UBS Group lifted their price objective on shares of BrightSpring Health Services from $85.00 to $92.00 and gave the company a “buy” rating in a research note on Monday. Finally, BMO Capital Markets restated an “outperform” rating on shares of BrightSpring Health Services in a research report on Friday, October 2nd. One investment analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, BrightSpring Health Services currently has an average rating of “Buy” and a consensus target price of $77.81.

BrightSpring Health Services Price Performance

NASDAQ:BTSG opened at $69.80 on Monday. The company has a market cap of $13.89 billion, a P/E ratio of 37.73, a P/E/G ratio of 0.79 and a beta of 1.77. The firm’s fifty day moving average price is $60.54 and its two-hundred day moving average price is $54.98. BrightSpring Health Services has a one year low of $30.64 and a one year high of $73.75. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.62 and a quick ratio of 1.22.

BrightSpring Health Services (NASDAQ:BTSG) last posted its earnings results on Friday, October 30th. The company reported $0.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.47 by $0.07. The company had revenue of $4.21 billion during the quarter, compared to analysts’ expectations of $3.88 billion. BrightSpring Health Services had a net margin of 2.69% and a return on equity of 18.56%. The business’s quarterly revenue was up 26.4% on a year-over-year basis. Equities analysts expect that BrightSpring Health Services will post 1.64 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Root Financial Partners LLC acquired a new position in BrightSpring Health Services during the third quarter worth about $25,000. Allworth Financial LP acquired a new stake in shares of BrightSpring Health Services in the 2nd quarter valued at approximately $28,000. IFP Advisors Inc boosted its stake in shares of BrightSpring Health Services by 204.5% in the 2nd quarter. IFP Advisors Inc now owns 606 shares of the company’s stock valued at $42,000 after purchasing an additional 407 shares in the last quarter. Kilter Group LLC acquired a new stake in shares of BrightSpring Health Services in the 2nd quarter valued at approximately $50,000. Finally, Meeder Asset Management Inc. bought a new stake in shares of BrightSpring Health Services during the 1st quarter valued at approximately $52,000.

About BrightSpring Health Services

BrightSpring Health Services (NASDAQ:BTSG) is a Louisville, Kentucky-based provider of home- and community-based health services and pharmacy services. The company focuses on supporting individuals with complex or chronic care needs, including older adults and people with disabilities, through care delivered in homes, communities and other non-hospital settings.

Its services include home health, hospice, personal care, behavioral health, primary care, rehabilitation and community living programs.