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

Shares of BrightSpring Health Services, Inc. (NASDAQ:BTSG) have been assigned an average recommendation of “Moderate Buy” from the ten brokerages that are presently covering the stock, MarketBeat reports. One research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $21.67.

A number of research firms have weighed in on BTSG. Morgan Stanley upped their price target on shares of BrightSpring Health Services from $19.00 to $20.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 17th. CJS Securities assumed coverage on shares of BrightSpring Health Services in a report on Thursday, December 12th. They issued an “outperform” rating and a $27.00 target price for the company. UBS Group raised their price target on BrightSpring Health Services from $22.00 to $30.00 and gave the company a “buy” rating in a report on Wednesday, January 29th. Finally, Bank of America upped their price objective on BrightSpring Health Services from $19.00 to $21.00 and gave the stock a “buy” rating in a research note on Wednesday, December 11th.

BrightSpring Health Services Stock Down 0.8 %

BTSG stock opened at $17.94 on Wednesday. The business’s 50-day moving average price is $20.06 and its 200-day moving average price is $18.15. The stock has a market cap of $3.14 billion, a P/E ratio of -69.00 and a beta of 2.20. BrightSpring Health Services has a twelve month low of $9.98 and a twelve month high of $24.82. The company has a quick ratio of 0.97, a current ratio of 1.35 and a debt-to-equity ratio of 1.63.

Institutional Investors Weigh In On BrightSpring Health Services

Several large investors have recently bought and sold shares of the business. BNP Paribas Financial Markets lifted its position in BrightSpring Health Services by 5.0% during the third quarter. BNP Paribas Financial Markets now owns 21,329 shares of the company’s stock valued at $313,000 after purchasing an additional 1,011 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of BrightSpring Health Services by 3.5% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 30,649 shares of the company’s stock valued at $522,000 after acquiring an additional 1,032 shares during the last quarter. Rhumbline Advisers grew its position in BrightSpring Health Services by 1.5% in the fourth quarter. Rhumbline Advisers now owns 73,583 shares of the company’s stock worth $1,253,000 after acquiring an additional 1,118 shares in the last quarter. MetLife Investment Management LLC increased its stake in BrightSpring Health Services by 4.9% during the fourth quarter. MetLife Investment Management LLC now owns 33,117 shares of the company’s stock worth $564,000 after acquiring an additional 1,548 shares during the last quarter. Finally, Quarry LP purchased a new stake in BrightSpring Health Services during the fourth quarter valued at approximately $29,000.

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.