BrightSpring Health Services (NASDAQ:BTSG) Price Target Raised to $92.00

BrightSpring Health Services (NASDAQ:BTSG) had its price objective increased by Leerink Partners from $72.00 to $92.00 in a research report released on Monday morning,Benzinga reports. They currently have an outperform rating on the stock.

A number of other brokerages have also weighed in on BTSG. Raymond James Financial started coverage on shares of BrightSpring Health Services in a research note on Thursday, July 9th. They issued an “outperform” rating and a $80.00 price target for the company. The Goldman Sachs Group reiterated a “buy” rating and set a $90.00 price objective on shares of BrightSpring Health Services in a research note on Monday. BMO Capital Markets reissued an “outperform” rating on shares of BrightSpring Health Services in a report on Friday, October 2nd. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $70.00 target price on shares of BrightSpring Health Services in a report on Monday, August 3rd. Finally, Zacks Research downgraded BrightSpring Health Services from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 2nd. One research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, BrightSpring Health Services currently has an average rating of “Buy” and an average price target of $77.81.

BrightSpring Health Services Stock Performance

BTSG stock opened at $69.80 on Monday. The company has a 50-day simple moving average of $60.54 and a 200 day simple moving average of $54.98. The company has a market capitalization of $13.89 billion, a P/E ratio of 37.73, a PEG ratio of 0.79 and a beta of 1.77. The company has a quick ratio of 1.22, a current ratio of 1.62 and a debt-to-equity ratio of 0.99. BrightSpring Health Services has a fifty-two week low of $30.64 and a fifty-two week high of $73.75.

BrightSpring Health Services (NASDAQ:BTSG) last released its earnings results on Friday, October 30th. The company reported $0.54 EPS for the quarter, beating the consensus estimate of $0.47 by $0.07. BrightSpring Health Services had a net margin of 2.69% and a return on equity of 18.56%. The firm had revenue of $4.21 billion for the quarter, compared to analysts’ expectations of $3.88 billion. The business’s revenue was up 26.4% on a year-over-year basis. Sell-side analysts predict that BrightSpring Health Services will post 1.64 earnings per share for the current fiscal year.

Institutional Investors Weigh In On BrightSpring Health Services

A number of institutional investors and hedge funds have recently modified their holdings of the stock. The Manufacturers Life Insurance Company acquired a new stake in BrightSpring Health Services during the 2nd quarter valued at $239,377,000. Bank of America Corp DE acquired a new stake in shares of BrightSpring Health Services during the 2nd quarter valued at $127,475,000. Bank of New York Mellon Corp acquired a new stake in shares of BrightSpring Health Services during the 2nd quarter valued at $118,162,000. Arrowstreet Capital Limited Partnership grew its holdings in shares of BrightSpring Health Services by 109.7% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,370,440 shares of the company’s stock valued at $58,394,000 after acquiring an additional 716,949 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC grew its holdings in shares of BrightSpring Health Services by 236.1% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 860,134 shares of the company’s stock valued at $36,151,000 after acquiring an additional 604,232 shares in the last quarter.

BrightSpring Health Services Company Profile

BrightSpring Health Services (NASDAQ:BTSG) is a Louisville, Kentucky-based provider of home- and community-based health services and pharmacy services. The company focuses on supporting individuals with complex or chronic care needs, including older adults and people with disabilities, through care delivered in homes, communities and other non-hospital settings.

Its services include home health, hospice, personal care, behavioral health, primary care, rehabilitation and community living programs.