BrightSpring Health Services, Inc. (NASDAQ:BTSG) Receives $21.67 Consensus PT from Brokerages

Shares of BrightSpring Health Services, Inc. (NASDAQ:BTSG) have been assigned an average rating of “Moderate Buy” from the ten research firms that are presently covering the stock, Marketbeat reports. One research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. The average 12 month target price among analysts that have covered the stock in the last year is $21.67.

Separately, UBS Group lifted their target price on shares of BrightSpring Health Services from $22.00 to $30.00 and gave the stock a “buy” rating in a research note on Wednesday, January 29th.

BrightSpring Health Services Price Performance

BTSG stock opened at $16.09 on Friday. The company has a debt-to-equity ratio of 1.63, a quick ratio of 0.97 and a current ratio of 1.35. The firm has a market cap of $2.82 billion, a P/E ratio of -61.88 and a beta of 2.02. The firm’s fifty day moving average is $18.13 and its 200 day moving average is $18.37. BrightSpring Health Services has a 52 week low of $10.15 and a 52 week high of $24.82.

Institutional Trading of BrightSpring Health Services

Institutional investors and hedge funds have recently bought and sold shares of the company. Quarry LP bought a new stake in shares of BrightSpring Health Services during the fourth quarter valued at approximately $29,000. R Squared Ltd bought a new position in shares of BrightSpring Health Services in the fourth quarter worth approximately $74,000. Envestnet Asset Management Inc. purchased a new position in shares of BrightSpring Health Services in the fourth quarter valued at about $188,000. KLP Kapitalforvaltning AS purchased a new stake in BrightSpring Health Services during the 4th quarter valued at approximately $206,000. Finally, Teacher Retirement System of Texas bought a new stake in BrightSpring Health Services in the fourth quarter worth $234,000.

BrightSpring Health Services Company Profile

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.