BrightSpring Health Services (NASDAQ:BTSG) Price Target Raised to $41.00 at Bank of America

BrightSpring Health Services (NASDAQ:BTSG) had its price target increased by Bank of America from $38.00 to $41.00 in a research report report published on Tuesday,Benzinga reports. Bank of America currently has a buy rating on the stock.

Several other analysts have also issued reports on the company. Wall Street Zen lowered BrightSpring Health Services from a “strong-buy” rating to a “buy” rating in a report on Saturday, November 15th. Mizuho set a $38.00 price objective on shares of BrightSpring Health Services in a research note on Wednesday, October 29th. Morgan Stanley boosted their price objective on shares of BrightSpring Health Services from $25.00 to $32.00 and gave the company an “overweight” rating in a research report on Tuesday, October 14th. BMO Capital Markets began coverage on BrightSpring Health Services in a report on Thursday, November 13th. They issued an “outperform” rating and a $40.00 target price on the stock. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of BrightSpring Health Services in a report on Monday, December 1st. One analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, BrightSpring Health Services has a consensus rating of “Buy” and a consensus price target of $36.64.

BrightSpring Health Services Stock Performance

BTSG opened at $35.43 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 company has a market capitalization of $6.39 billion, a PE ratio of 58.08, a price-to-earnings-growth ratio of 0.58 and a beta of 2.36. The business has a fifty day simple moving average of $32.58 and a 200 day simple moving average of $26.46. BrightSpring Health Services has a 1 year low of $15.26 and a 1 year high of $36.77.

BrightSpring Health Services (NASDAQ:BTSG) last announced its earnings results on Monday, October 20th. The company reported $0.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.27 by $0.03. BrightSpring Health Services had a net margin of 1.04% and a return on equity of 11.61%. The company had revenue of $3.33 billion during the quarter, compared to analysts’ expectations of $3.16 billion. BrightSpring Health Services has set its Q3 2025 guidance at 0.300-0.300 EPS. Research analysts expect that BrightSpring Health Services will post 0.59 EPS for the current year.

Insider Activity at BrightSpring Health Services

In other BrightSpring Health Services news, insider Lisa A. Nalley sold 20,000 shares of the company’s stock in a transaction that occurred on Wednesday, October 22nd. The shares were sold at an average price of $28.78, for a total value of $575,600.00. Following the completion of the transaction, the insider directly owned 131,150 shares in the company, valued at approximately $3,774,497. This represents a 13.23% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Jon B. Rousseau sold 235,000 shares of the firm’s stock in a transaction on Wednesday, October 22nd. The shares were sold at an average price of $28.78, for a total transaction of $6,763,300.00. Following the transaction, the insider directly owned 1,131,930 shares of the company’s stock, valued at $32,576,945.40. The trade was a 17.19% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 3.40% of the company’s stock.

Institutional Trading of BrightSpring Health Services

Institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. lifted its holdings in BrightSpring Health Services by 24.6% during the 1st quarter. Vanguard Group Inc. now owns 6,633,744 shares of the company’s stock worth $120,004,000 after buying an additional 1,308,651 shares during the period. Charles Schwab Investment Management Inc. raised its position in shares of BrightSpring Health Services by 9.6% during the first quarter. Charles Schwab Investment Management Inc. now owns 494,231 shares of the company’s stock worth $8,941,000 after acquiring an additional 43,238 shares during the last quarter. Swiss National Bank lifted its stake in shares of BrightSpring Health Services by 0.9% in the first quarter. Swiss National Bank now owns 118,100 shares of the company’s stock worth $2,136,000 after acquiring an additional 1,000 shares during the period. Invesco Ltd. boosted its holdings in BrightSpring Health Services by 41.0% in the first quarter. Invesco Ltd. now owns 6,172,597 shares of the company’s stock valued at $111,662,000 after acquiring an additional 1,794,035 shares during the last quarter. Finally, Nuveen LLC bought a new stake in BrightSpring Health Services in the first quarter valued at approximately $29,333,000.

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.