BrightSpring Health Services (NASDAQ:BTSG) Given New $92.00 Price Target at Leerink Partners

BrightSpring Health Services (NASDAQ:BTSG) had its price objective upped by equities researchers at Leerink Partners from $72.00 to $92.00 in a note issued to investors on Monday, Benzinga reports. The firm currently has an “outperform” rating on the stock. Leerink Partners‘s price target would indicate a potential upside of 39.05% from the stock’s previous close.

Other research analysts have also issued reports about the stock. Wall Street Zen upgraded shares of BrightSpring Health Services from a “buy” rating to a “strong-buy” rating in a research report on Saturday. Morgan Stanley raised their price target on BrightSpring Health Services from $71.00 to $80.00 and gave the company an “overweight” rating in a research report on Tuesday, July 14th. BTIG Research reaffirmed a “buy” rating and set a $90.00 price target on shares of BrightSpring Health Services in a research note on Thursday, August 13th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $70.00 price objective on shares of BrightSpring Health Services in a report on Monday, August 3rd. Finally, Wells Fargo & Company raised their price objective on BrightSpring Health Services from $78.00 to $82.00 and gave the company an “overweight” rating in a report on Monday. One investment analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $77.62.

BrightSpring Health Services Price Performance

BrightSpring Health Services stock traded down $0.72 during mid-day trading on Monday, hitting $66.17. 2,276,126 shares of the company traded hands, compared to its average volume of 2,853,355. BrightSpring Health Services has a one year low of $30.64 and a one year high of $73.75. The stock has a market cap of $13.09 billion, a price-to-earnings ratio of 35.81, a price-to-earnings-growth ratio of 0.87 and a beta of 1.77. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.22 and a current ratio of 1.62. The stock has a fifty day moving average price of $59.94 and a 200-day moving average price of $54.54.

BrightSpring Health Services (NASDAQ:BTSG) last issued its quarterly earnings results on Friday, October 30th. The company reported $0.54 EPS for the quarter, topping analysts’ consensus estimates of $0.47 by $0.07. The firm had revenue of $4.21 billion for the quarter, compared to analyst estimates of $3.88 billion. BrightSpring Health Services had a net margin of 2.69% and a return on equity of 18.56%. The company’s revenue was up 26.4% compared to the same quarter last year. On average, equities analysts predict that BrightSpring Health Services will post 1.64 earnings per share for the current fiscal year.

Institutional Trading of BrightSpring Health Services

Several institutional investors have recently added to or reduced their stakes in the business. TD Waterhouse Canada Inc. bought a new position in shares of BrightSpring Health Services in the 2nd quarter worth approximately $22,054,000. Bank of America Corp DE lifted its stake in shares of BrightSpring Health Services by 48.7% in the 1st quarter. Bank of America Corp DE now owns 1,534,154 shares of the company’s stock valued at $65,370,000 after purchasing an additional 502,786 shares during the period. Ausbil Investment Management Ltd bought a new stake in shares of BrightSpring Health Services during the second quarter valued at approximately $2,005,000. Bellars Harris Wealth Management LLC bought a new stake in shares of BrightSpring Health Services during the second quarter valued at approximately $4,394,000. Finally, Tidal Investments LLC grew its position in shares of BrightSpring Health Services by 186.2% in the 2nd quarter. Tidal Investments LLC now owns 68,900 shares of the company’s stock worth $4,805,000 after buying an additional 44,828 shares during the period.

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.