Analysts Set BrightSpring Health Services, Inc. (NASDAQ:BTSG) PT at $20.80

Shares of BrightSpring Health Services, Inc. (NASDAQ:BTSG) have been assigned an average recommendation of “Moderate Buy” from the eleven brokerages that are currently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company. The average 12 month price target among brokers that have covered the stock in the last year is $20.80.

Several equities analysts recently issued reports on BTSG shares. Mizuho upped their price objective on BrightSpring Health Services from $17.00 to $20.00 and gave the company an “outperform” rating in a research report on Monday, November 4th. Bank of America lifted their price objective on BrightSpring Health Services from $19.00 to $21.00 and gave the stock a “buy” rating in a report on Wednesday, December 11th. UBS Group upped their target price on shares of BrightSpring Health Services from $22.00 to $30.00 and gave the company a “buy” rating in a research note on Wednesday, January 29th. Wells Fargo & Company raised their price target on shares of BrightSpring Health Services from $17.00 to $21.00 and gave the company an “overweight” rating in a report on Wednesday, November 27th. Finally, Morgan Stanley boosted their price objective on shares of BrightSpring Health Services from $19.00 to $20.00 and gave the company an “overweight” rating in a report on Tuesday, December 17th.

Hedge Funds Weigh In On BrightSpring Health Services

Institutional investors and hedge funds have recently made changes to their positions in the business. Quarry LP bought a new position in BrightSpring Health Services in the fourth quarter worth approximately $29,000. R Squared Ltd purchased a new stake in shares of BrightSpring Health Services in the 4th quarter worth $74,000. Intech Investment Management LLC purchased a new stake in shares of BrightSpring Health Services in the 3rd quarter worth $159,000. Envestnet Asset Management Inc. bought a new position in BrightSpring Health Services in the 4th quarter worth $188,000. Finally, KLP Kapitalforvaltning AS purchased a new position in BrightSpring Health Services during the fourth quarter valued at $206,000.

BrightSpring Health Services Trading Down 4.0 %

Shares of NASDAQ BTSG opened at $18.51 on Friday. The firm’s 50 day moving average price is $19.98 and its 200-day moving average price is $17.36. BrightSpring Health Services has a 52-week low of $7.85 and a 52-week high of $24.82. 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 company has a market cap of $3.22 billion and a PE ratio of -71.19.

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.