Analysts Set BrightSpring Health Services, Inc. (NASDAQ:BTSG) Target Price at $15.32

BrightSpring Health Services, Inc. (NASDAQ:BTSG) has been assigned a consensus rating of “Buy” from the twelve brokerages that are currently covering the company, MarketBeat reports. Twelve analysts have rated the stock with a buy recommendation. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $15.32.

A number of equities research analysts have commented on BTSG shares. BTIG Research initiated coverage on shares of BrightSpring Health Services in a research report on Friday, June 21st. They issued a “buy” rating and a $15.00 target price for the company. The Goldman Sachs Group cut their price objective on BrightSpring Health Services from $21.00 to $18.00 and set a “buy” rating for the company in a report on Friday, August 9th.

BrightSpring Health Services Trading Up 1.0 %

Shares of BrightSpring Health Services stock opened at $13.06 on Friday. The firm’s 50-day moving average is $11.94 and its 200 day moving average is $10.99. BrightSpring Health Services has a 1 year low of $7.85 and a 1 year high of $13.22. The company has a current ratio of 1.33, a quick ratio of 1.00 and a debt-to-equity ratio of 1.62.

BrightSpring Health Services (NASDAQ:BTSG) last posted its earnings results on Friday, August 2nd. The company reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.08). The business had revenue of $2.73 billion for the quarter, compared to analyst estimates of $2.61 billion. The company’s revenue was up 26.0% on a year-over-year basis. As a group, equities analysts anticipate that BrightSpring Health Services will post 0.57 earnings per share for the current fiscal year.

Hedge Funds Weigh In On BrightSpring Health Services

A number of hedge funds have recently modified their holdings of BTSG. nVerses Capital LLC bought a new position in BrightSpring Health Services in the 2nd quarter worth approximately $55,000. Ameritas Investment Partners Inc. bought a new position in BrightSpring Health Services during the first quarter valued at $58,000. California State Teachers Retirement System purchased a new position in shares of BrightSpring Health Services in the 1st quarter worth $59,000. Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in shares of BrightSpring Health Services in the 2nd quarter worth about $126,000. Finally, Arizona State Retirement System bought a new stake in BrightSpring Health Services during the second quarter worth approximately $163,000.

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.