BrightSpring Health Services (NASDAQ:BTSG – Free Report) had its target price hoisted by Guggenheim from $81.00 to $84.00 in a research note issued to investors on Tuesday morning, Marketbeat Ratings reports. Guggenheim currently has a buy rating on the stock.
BTSG has been the subject of a number of other research reports. Raymond James Financial assumed coverage on BrightSpring Health Services in a report on Thursday, July 9th. They set an “outperform” rating and a $80.00 price target for the company. The Goldman Sachs Group restated a “buy” rating and set a $90.00 price objective on shares of BrightSpring Health Services in a research report on Monday. Zacks Research lowered BrightSpring Health Services from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 2nd. Wells Fargo & Company lifted their target price on BrightSpring Health Services from $78.00 to $82.00 and gave the company an “overweight” rating in a research report on Monday. Finally, TD Cowen boosted their target price on BrightSpring Health Services from $81.00 to $84.00 and gave the stock a “buy” rating in a research note on Monday. One analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and one has given 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.
Get Our Latest Analysis on BTSG
BrightSpring Health Services Stock Performance
NASDAQ BTSG opened at $65.86 on Tuesday. The company has a current ratio of 1.62, a quick ratio of 1.22 and a debt-to-equity ratio of 0.99. The firm has a market capitalization of $13.11 billion, a price-to-earnings ratio of 35.60, a P/E/G ratio of 0.79 and a beta of 1.77. The firm’s 50 day simple moving average is $60.63 and its 200 day simple moving average is $55.12. BrightSpring Health Services has a 1 year low of $30.64 and a 1 year high of $73.75.
BrightSpring Health Services (NASDAQ:BTSG – Get Free Report) last announced its quarterly earnings data on Friday, October 30th. The company reported $0.54 EPS for the quarter, beating the consensus estimate of $0.47 by $0.07. The business had revenue of $4.21 billion during the quarter, compared to the consensus estimate of $3.88 billion. BrightSpring Health Services had a net margin of 2.69% and a return on equity of 18.56%. BrightSpring Health Services’s quarterly revenue was up 26.4% on a year-over-year basis. As a group, research analysts expect that BrightSpring Health Services will post 1.64 earnings per share for the current fiscal year.
Institutional Investors Weigh In On BrightSpring Health Services
Hedge funds and other institutional investors have recently bought and sold shares of the company. Allworth Financial LP acquired a new stake in shares of BrightSpring Health Services during the 2nd quarter worth approximately $28,000. Root Financial Partners LLC acquired a new position in shares of BrightSpring Health Services during the 3rd quarter valued at $25,000. IFP Advisors Inc lifted its position in shares of BrightSpring Health Services by 204.5% during the 2nd quarter. IFP Advisors Inc now owns 606 shares of the company’s stock valued at $42,000 after acquiring an additional 407 shares during the period. Kilter Group LLC acquired a new position in shares of BrightSpring Health Services during the 2nd quarter valued at $50,000. Finally, Public Employees Retirement System of Ohio bought a new position in BrightSpring Health Services during the second quarter worth $63,000.
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.
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