BrightSpring Health Services (NASDAQ:BTSG) Upgraded at Zacks Research

by · The Cerbat Gem

BrightSpring Health Services (NASDAQ:BTSG – Get Free Report) was upgraded by stock analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a report released on Thursday, Zacks reports.

Other research analysts have also recently issued reports about the company. BMO Capital Markets restated an “outperform” rating on shares of BrightSpring Health Services in a research note on Friday, October 2nd. Wall Street Zen upgraded shares of BrightSpring Health Services from a “buy” rating to a “strong-buy” rating in a research note on Saturday, October 31st. BTIG Research reissued a “buy” rating and issued a $90.00 price target on shares of BrightSpring Health Services in a research note on Thursday, August 13th. TD Cowen increased their price target on BrightSpring Health Services from $81.00 to $84.00 and gave the company a “buy” rating in a report on Monday, November 2nd. Finally, Raymond James Financial initiated coverage on BrightSpring Health Services in a research note on Thursday, July 9th. They issued an “outperform” rating and a $80.00 target price for the company. Two analysts have rated the stock with a Strong Buy rating and seventeen have assigned a Buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $77.81.

Check Out Our Latest Report on BTSG

BrightSpring Health Services Stock Up 2.0%

Shares of NASDAQ BTSG opened at $67.15 on Thursday. The business has a 50-day moving average of $60.76 and a 200-day moving average of $55.26. BrightSpring Health Services has a 12 month low of $30.64 and a 12 month high of $73.75. The company has a current ratio of 1.62, a quick ratio of 1.22 and a debt-to-equity ratio of 0.99. The firm has a market capitalization of $13.36 billion, a price-to-earnings ratio of 36.30, a PEG ratio of 0.80 and a beta of 1.77.

BrightSpring Health Services (NASDAQ:BTSG – Get Free Report) last released its 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. BrightSpring Health Services had a return on equity of 18.56% and a net margin of 2.69%. The firm had revenue of $4.21 billion for the quarter, compared to analysts’ expectations of $3.88 billion. BrightSpring Health Services’s quarterly revenue was up 26.4% on a year-over-year basis. Sell-side analysts expect that BrightSpring Health Services will post 1.70 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of BTSG. Russell Investments Group Ltd. boosted its holdings in BrightSpring Health Services by 66.3% in the third quarter. Russell Investments Group Ltd. now owns 130,257 shares of the company’s stock valued at $7,392,000 after purchasing an additional 51,947 shares during the last quarter. King Luther Capital Management Corp lifted its stake in shares of BrightSpring Health Services by 1.4% during the 3rd quarter. King Luther Capital Management Corp now owns 375,138 shares of the company’s stock worth $21,289,000 after buying an additional 5,207 shares during the last quarter. New Mexico Educational Retirement Board bought a new stake in shares of BrightSpring Health Services in the third quarter worth $1,884,000. Keybank National Association OH purchased a new stake in shares of BrightSpring Health Services during the third quarter valued at approximately $211,000. Finally, New York Life Investment Management LLC increased its stake in BrightSpring Health Services by 30.8% in the 3rd quarter. New York Life Investment Management LLC now owns 22,834 shares of the company’s stock worth $1,296,000 after purchasing an additional 5,378 shares during the period.

BrightSpring Health Services Company Profile

(Get Free Report)

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.

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