UBS Group Issues Positive Forecast for BrightSpring Health Services (NASDAQ:BTSG) Stock Price

BrightSpring Health Services (NASDAQ:BTSG) had its price objective increased by UBS Group from $22.00 to $30.00 in a research report sent to investors on Wednesday morning,Benzinga reports. UBS Group currently has a buy rating on the stock.

Several other research analysts also recently weighed in on BTSG. CJS Securities began coverage on shares of BrightSpring Health Services in a research note on Thursday, December 12th. They issued an “outperform” rating and a $27.00 target price for the company. Guggenheim upped their price objective on shares of BrightSpring Health Services from $15.00 to $18.00 and gave the company a “buy” rating in a research report on Tuesday, October 1st. Bank of America lifted their target price on BrightSpring Health Services from $19.00 to $21.00 and gave the stock a “buy” rating in a research report on Wednesday, December 11th. Morgan Stanley raised their price objective on BrightSpring Health Services from $19.00 to $20.00 and gave the company an “overweight” rating in a research note on Tuesday, December 17th. Finally, KeyCorp began coverage on BrightSpring Health Services in a research report on Friday, October 11th. They issued a “sector weight” rating on the stock. One research analyst has rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat.com, BrightSpring Health Services currently has an average rating of “Moderate Buy” and a consensus target price of $19.42.

BrightSpring Health Services Stock Up 4.5 %

Shares of NASDAQ BTSG opened at $23.75 on Wednesday. The stock has a fifty day moving average price of $18.61 and a 200 day moving average price of $15.82. The company has a current ratio of 1.35, a quick ratio of 0.97 and a debt-to-equity ratio of 1.63. BrightSpring Health Services has a 12-month low of $7.85 and a 12-month high of $23.83. The company has a market cap of $4.14 billion and a P/E ratio of -91.35.

BrightSpring Health Services (NASDAQ:BTSG) last posted its earnings results on Friday, November 1st. The company reported $0.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.07). The company had revenue of $2.91 billion during the quarter, compared to analyst estimates of $2.72 billion. BrightSpring Health Services had a negative net margin of 0.38% and a positive return on equity of 4.16%. The company’s quarterly revenue was up 28.8% compared to the same quarter last year. Research analysts anticipate that BrightSpring Health Services will post 0.59 EPS for the current fiscal year.

Institutional Investors Weigh In On BrightSpring Health Services

Institutional investors have recently modified their holdings of the business. R Squared Ltd acquired a new position in BrightSpring Health Services in the fourth quarter valued at approximately $74,000. Intech Investment Management LLC acquired a new position in BrightSpring Health Services during the 3rd quarter valued at approximately $159,000. nVerses Capital LLC grew its stake in BrightSpring Health Services by 195.8% during the 3rd quarter. nVerses Capital LLC now owns 14,200 shares of the company’s stock worth $208,000 after buying an additional 9,400 shares during the last quarter. American Century Companies Inc. acquired a new stake in BrightSpring Health Services in the second quarter worth $216,000. Finally, BNP Paribas Financial Markets lifted its stake in BrightSpring Health Services by 5.0% in the third quarter. BNP Paribas Financial Markets now owns 21,329 shares of the company’s stock valued at $313,000 after buying an additional 1,011 shares during the last quarter.

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.