BrightSpring Health Services, Inc. (NASDAQ:BTSG) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of BrightSpring Health Services, Inc. (NASDAQ:BTSG) have been assigned an average rating of “Moderate Buy” from the sixteen brokerages that are currently covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating on the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $41.3333.

A number of brokerages recently issued reports on BTSG. Zacks Research downgraded BrightSpring Health Services from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 6th. CJS Securities upgraded BrightSpring Health Services to a “strong-buy” rating in a research report on Thursday, December 11th. Wells Fargo & Company raised their target price on shares of BrightSpring Health Services from $39.00 to $43.00 and gave the company an “overweight” rating in a research note on Wednesday, January 7th. TD Cowen reissued a “buy” rating on shares of BrightSpring Health Services in a research note on Tuesday, January 27th. Finally, Mizuho set a $45.00 price target on shares of BrightSpring Health Services in a report on Friday, January 9th.

BrightSpring Health Services Stock Up 2.8%

BTSG stock opened at $38.86 on Friday. The stock has a fifty day moving average of $38.27 and a 200-day moving average of $31.86. BrightSpring Health Services has a fifty-two week low of $15.48 and a fifty-two week high of $41.26. The company has a market capitalization of $7.01 billion, a price-to-earnings ratio of 63.71, a PEG ratio of 0.51 and a beta of 2.36. The company has a debt-to-equity ratio of 1.36, a quick ratio of 1.38 and a current ratio of 1.79.

Institutional Investors Weigh In On BrightSpring Health Services

Hedge funds have recently added to or reduced their stakes in the company. NBC Securities Inc. bought a new stake in BrightSpring Health Services in the 4th quarter worth approximately $29,000. Salomon & Ludwin LLC purchased a new position in shares of BrightSpring Health Services during the fourth quarter worth approximately $30,000. EverSource Wealth Advisors LLC bought a new stake in shares of BrightSpring Health Services in the 2nd quarter worth approximately $43,000. CWM LLC boosted its stake in shares of BrightSpring Health Services by 105.3% in the 3rd quarter. CWM LLC now owns 1,595 shares of the company’s stock valued at $47,000 after purchasing an additional 818 shares in the last quarter. Finally, Farther Finance Advisors LLC grew its holdings in shares of BrightSpring Health Services by 112.8% during the 4th quarter. Farther Finance Advisors LLC now owns 1,717 shares of the company’s stock valued at $64,000 after purchasing an additional 910 shares during the last quarter.

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.