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

BrightSpring Health Services, Inc. (NASDAQ:BTSG) has earned an average rating of “Buy” from the twelve research firms that are covering the company, MarketBeat.com reports. Twelve equities research analysts have rated the stock with a buy recommendation. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $15.32.

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

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Kohlberg Kravis Roberts & Co. L.P. purchased a new stake in BrightSpring Health Services in the first quarter valued at approximately $884,166,000. 8 Knots Management LLC acquired a new stake in shares of BrightSpring Health Services during the 1st quarter worth $67,678,000. Vanguard Group Inc. purchased a new position in shares of BrightSpring Health Services in the 1st quarter worth $54,638,000. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in BrightSpring Health Services in the first quarter valued at $35,328,000. Finally, Price T Rowe Associates Inc. MD purchased a new stake in BrightSpring Health Services during the first quarter valued at about $16,260,000.

BrightSpring Health Services Stock Performance

NASDAQ:BTSG opened at $11.99 on Tuesday. BrightSpring Health Services has a 52-week low of $7.85 and a 52-week high of $12.79. 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 stock has a fifty day simple moving average of $11.35 and a 200-day simple moving average of $10.80.

BrightSpring Health Services (NASDAQ:BTSG) last announced its earnings results on Friday, August 2nd. The company reported $0.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.08). The business had revenue of $2.73 billion for the quarter, compared to the consensus estimate of $2.61 billion. The firm’s revenue was up 26.0% on a year-over-year basis. Equities research analysts predict that BrightSpring Health Services will post 0.59 earnings per share for the current year.

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.