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

Shares of BrightSpring Health Services, Inc. (NASDAQ:BTSG) have been assigned an average rating of “Buy” from the eighteen research firms that are covering the stock, Marketbeat Ratings reports. Sixteen analysts have rated the stock with a buy recommendation and two have given a strong buy recommendation to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $59.60.

A number of research firms have commented on BTSG. BTIG Research raised their price target on BrightSpring Health Services from $55.00 to $65.00 and gave the company a “buy” rating in a report on Monday, May 4th. UBS Group raised their price target on BrightSpring Health Services from $53.00 to $55.00 and gave the company a “buy” rating in a report on Wednesday, March 18th. KeyCorp raised their price target on BrightSpring Health Services from $55.00 to $60.00 and gave the company an “overweight” rating in a report on Monday, May 4th. Stephens raised their price target on BrightSpring Health Services from $53.00 to $64.00 and gave the company an “overweight” rating in a report on Monday, May 4th. Finally, BMO Capital Markets set a $70.00 price target on BrightSpring Health Services in a report on Thursday, May 21st.

Insider Activity

In other news, insider Jon B. Rousseau sold 130,000 shares of BrightSpring Health Services stock in a transaction dated Friday, June 5th. The stock was sold at an average price of $58.75, for a total value of $7,637,500.00. Following the sale, the insider directly owned 1,194,503 shares of the company’s stock, valued at approximately $70,177,051.25. The trade was a 9.82% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Lisa A. Nalley sold 35,000 shares of BrightSpring Health Services stock in a transaction dated Friday, June 5th. The stock was sold at an average price of $58.75, for a total value of $2,056,250.00. Following the completion of the sale, the insider directly owned 131,948 shares in the company, valued at $7,751,945. This trade represents a 20.96% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 2.80% of the company’s stock.

Institutional Investors Weigh In On BrightSpring Health Services

Several large investors have recently made changes to their positions in the company. Vanguard Group Inc. increased its holdings in shares of BrightSpring Health Services by 30.5% in the fourth quarter. Vanguard Group Inc. now owns 12,533,656 shares of the company’s stock worth $469,385,000 after purchasing an additional 2,928,953 shares during the last quarter. Price T Rowe Associates Inc. MD increased its holdings in shares of BrightSpring Health Services by 4.7% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 10,662,236 shares of the company’s stock worth $399,302,000 after purchasing an additional 478,436 shares during the last quarter. Invesco Ltd. increased its holdings in shares of BrightSpring Health Services by 13.4% in the fourth quarter. Invesco Ltd. now owns 10,595,232 shares of the company’s stock worth $396,791,000 after purchasing an additional 1,248,107 shares during the last quarter. T. Rowe Price Investment Management Inc. increased its holdings in shares of BrightSpring Health Services by 21.7% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 6,123,865 shares of the company’s stock worth $229,339,000 after purchasing an additional 1,091,757 shares during the last quarter. Finally, Alliancebernstein L.P. increased its holdings in shares of BrightSpring Health Services by 12.1% in the second quarter. Alliancebernstein L.P. now owns 5,450,085 shares of the company’s stock worth $128,568,000 after purchasing an additional 588,642 shares during the last quarter.

BrightSpring Health Services Price Performance

NASDAQ:BTSG opened at $66.25 on Friday. The company has a quick ratio of 1.38, a current ratio of 1.74 and a debt-to-equity ratio of 1.24. The business’s 50-day simple moving average is $54.87 and its two-hundred day simple moving average is $44.86. The stock has a market cap of $13.07 billion, a PE ratio of 46.99, a P/E/G ratio of 0.83 and a beta of 1.87. BrightSpring Health Services has a 52 week low of $19.01 and a 52 week high of $66.69.

BrightSpring Health Services (NASDAQ:BTSG) last posted its quarterly earnings results on Friday, May 1st. The company reported $0.39 EPS for the quarter, beating analysts’ consensus estimates of $0.29 by $0.10. The business had revenue of $3.61 billion for the quarter, compared to analysts’ expectations of $3.39 billion. BrightSpring Health Services had a return on equity of 14.63% and a net margin of 2.27%.The business’s quarterly revenue was up 25.6% on a year-over-year basis. During the same period last year, the firm earned $0.14 earnings per share. As a group, analysts forecast that BrightSpring Health Services will post 1.67 EPS for the current fiscal year.

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.