BrightSpring Health Services (NASDAQ:BTSG) Coverage Initiated by Analysts at BTIG Research

BTIG Research assumed coverage on shares of BrightSpring Health Services (NASDAQ:BTSG) in a report published on Friday, Marketbeat.com reports. The firm issued a buy rating and a $15.00 price objective on the stock.

A number of other research analysts have also weighed in on the company. HSBC started coverage on BrightSpring Health Services in a research report on Wednesday, March 6th. They set a buy rating and a $13.00 price objective for the company. The Goldman Sachs Group decreased their price objective on shares of BrightSpring Health Services from $26.00 to $23.00 and set a buy rating for the company in a research note on Monday, March 4th. Wells Fargo & Company lifted their price target on shares of BrightSpring Health Services from $15.00 to $16.00 and gave the company an overweight rating in a research note on Monday, May 6th. Finally, Deutsche Bank Aktiengesellschaft raised shares of BrightSpring Health Services from a hold rating to a buy rating and set a $11.50 price target for the company in a research note on Tuesday, February 27th. Twelve equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of Buy and an average price target of $15.77.

BrightSpring Health Services Trading Up 1.8 %

Shares of BTSG stock opened at $10.81 on Friday. BrightSpring Health Services has a 52-week low of $7.85 and a 52-week high of $12.21. The company has a quick ratio of 0.96, a current ratio of 1.26 and a debt-to-equity ratio of 1.62. The business has a fifty day simple moving average of $11.03.

BrightSpring Health Services (NASDAQ:BTSG) last issued its quarterly earnings results on Thursday, May 2nd. The company reported $0.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.06 by $0.06. The business had revenue of $2.58 billion during the quarter, compared to analysts’ expectations of $2.31 billion. The company’s quarterly revenue was up 27.0% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.10) EPS. As a group, research analysts anticipate that BrightSpring Health Services will post 0.59 earnings per share for the current year.

Institutional Investors Weigh In On BrightSpring Health Services

Large investors have recently made changes to their positions in the stock. Ameritas Investment Partners Inc. purchased a new stake in shares of BrightSpring Health Services during the first quarter valued at $58,000. California State Teachers Retirement System acquired a new position in BrightSpring Health Services during the first quarter valued at $59,000. Sandia Investment Management LP acquired a new position in BrightSpring Health Services during the first quarter valued at $217,000. Farallon Capital Management LLC acquired a new position in BrightSpring Health Services during the first quarter valued at $239,000. Finally, BNP Paribas Financial Markets acquired a new position in BrightSpring Health Services during the first quarter valued at $280,000.

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.