BrightSpring Health Services, Inc. (NASDAQ:BTSG) Given Consensus Rating of “Moderate Buy” by Brokerages

BrightSpring Health Services, Inc. (NASDAQ:BTSG) has been given a consensus rating of “Moderate Buy” by the sixteen ratings firms that are presently covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating on the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $40.9167.

Several research firms have commented on BTSG. Mizuho set a $45.00 price objective on shares of BrightSpring Health Services in a research note on Friday, January 9th. Stephens started coverage on BrightSpring Health Services in a research report on Wednesday, December 10th. They set an “overweight” rating and a $44.00 price target for the company. Jefferies Financial Group set a $36.00 price target on BrightSpring Health Services and gave the stock a “buy” rating in a report on Tuesday, October 21st. Wells Fargo & Company upped their price objective on BrightSpring Health Services from $39.00 to $43.00 and gave the company an “overweight” rating in a research note on Wednesday, January 7th. Finally, BTIG Research boosted their price target on shares of BrightSpring Health Services from $41.00 to $50.00 and gave the stock a “buy” rating in a report on Tuesday, December 23rd.

BrightSpring Health Services Stock Performance

Shares of BTSG stock opened at $40.09 on Tuesday. The company has a debt-to-equity ratio of 1.36, a current ratio of 1.79 and a quick ratio of 1.38. The firm has a 50-day moving average of $37.08 and a 200-day moving average of $30.16. BrightSpring Health Services has a one year low of $15.48 and a one year high of $41.03. The company has a market cap of $7.23 billion, a P/E ratio of 65.72, a P/E/G ratio of 0.53 and a beta of 2.35.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. AQR Capital Management LLC bought a new stake in shares of BrightSpring Health Services in the 1st quarter worth approximately $276,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of BrightSpring Health Services by 5.8% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 32,429 shares of the company’s stock valued at $587,000 after buying an additional 1,780 shares during the period. Millennium Management LLC lifted its position in shares of BrightSpring Health Services by 0.3% during the 1st quarter. Millennium Management LLC now owns 577,885 shares of the company’s stock valued at $10,454,000 after buying an additional 1,967 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of BrightSpring Health Services by 11.0% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 147,280 shares of the company’s stock worth $2,664,000 after acquiring an additional 14,586 shares during the period. Finally, Strs Ohio purchased a new stake in BrightSpring Health Services in the 1st quarter worth about $226,000.

BrightSpring Health Services Company Profile

BrightSpring Health Services (NASDAQ: BTSG) is a leading provider of home and community-based care and workforce solutions aimed at seniors, individuals with disabilities and those facing behavioral health challenges. The company’s operations encompass a broad spectrum of services, including personal care, skilled nursing, therapy, habilitation and supported living, as well as specialized behavioral health programs delivered through both clinical and non-clinical channels.

Through its network of subsidiary brands, BrightSpring offers integrated care in the patient’s home environment, fostering independence and improving quality of life.