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

BrightSpring Health Services, Inc. (NASDAQ:BTSG) has been assigned an average recommendation of “Moderate Buy” from the ten ratings firms that are currently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold recommendation and nine have assigned a buy recommendation to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $21.67.

BTSG has been the topic of a number of analyst reports. Wells Fargo & Company lifted their price target on BrightSpring Health Services from $17.00 to $21.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 27th. CJS Securities started coverage on shares of BrightSpring Health Services in a report on Thursday, December 12th. They set an “outperform” rating and a $27.00 price target for the company. Bank of America upped their price target on shares of BrightSpring Health Services from $19.00 to $21.00 and gave the company a “buy” rating in a report on Wednesday, December 11th. Morgan Stanley raised their price target on shares of BrightSpring Health Services from $19.00 to $20.00 and gave the stock an “overweight” rating in a report on Tuesday, December 17th. Finally, UBS Group upped 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 note on Wednesday, January 29th.

Institutional Investors Weigh In On BrightSpring Health Services

Several hedge funds and other institutional investors have recently added to or reduced their stakes in BTSG. L & S Advisors Inc purchased a new stake in BrightSpring Health Services in the third quarter worth about $1,247,000. Virtu Financial LLC bought a new stake in shares of BrightSpring Health Services in the 3rd quarter worth approximately $522,000. Assenagon Asset Management S.A. bought a new stake in shares of BrightSpring Health Services in the 3rd quarter worth approximately $1,822,000. LMR Partners LLP bought a new stake in shares of BrightSpring Health Services in the 3rd quarter worth approximately $493,000. Finally, JPMorgan Chase & Co. boosted its position in shares of BrightSpring Health Services by 275.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 163,618 shares of the company’s stock worth $2,402,000 after purchasing an additional 120,005 shares in the last quarter.

BrightSpring Health Services Stock Up 1.3 %

BTSG opened at $18.39 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 business’s 50-day moving average price is $20.02 and its 200-day moving average price is $17.45. The company has a market cap of $3.20 billion and a P/E ratio of -70.73.

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.