BrightSpring Health Services (NASDAQ:BTSG) Coverage Initiated at CJS Securities

Analysts at CJS Securities assumed coverage on shares of BrightSpring Health Services (NASDAQ:BTSG) in a research report issued on Thursday,Briefing.com Automated Import reports. The firm set an “outperform” rating on the stock.

Other equities analysts also recently issued research reports about the stock. BTIG Research lifted their target price on shares of BrightSpring Health Services from $15.00 to $20.00 and gave the stock a “buy” rating in a research note on Thursday, October 3rd. KeyCorp assumed coverage on BrightSpring Health Services in a research report on Friday, October 11th. They issued a “sector weight” rating for the company. Mizuho boosted their price objective on BrightSpring Health Services from $17.00 to $20.00 and gave the company an “outperform” rating in a research note on Monday, November 4th. Guggenheim raised their target price on BrightSpring Health Services from $15.00 to $18.00 and gave the stock a “buy” rating in a research note on Tuesday, October 1st. Finally, Wells Fargo & Company boosted their price target on BrightSpring Health Services from $17.00 to $21.00 and gave the company an “overweight” rating in a research note on Wednesday, November 27th. One investment analyst has rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat.com, BrightSpring Health Services presently has an average rating of “Moderate Buy” and an average price target of $17.79.

BrightSpring Health Services Stock Performance

Shares of BTSG stock remained flat at $18.37 on Thursday. The stock had a trading volume of 12,283 shares, compared to its average volume of 1,444,151. BrightSpring Health Services has a 12 month low of $7.85 and a 12 month high of $20.25. 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 stock has a market cap of $3.20 billion and a price-to-earnings ratio of -70.65. The company’s fifty day moving average price is $17.35 and its 200-day moving average price is $13.97.

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

Institutional Trading of BrightSpring Health Services

Several institutional investors have recently made changes to their positions in BTSG. California State Teachers Retirement System purchased a new position in shares of BrightSpring Health Services in the 1st quarter worth approximately $59,000. Miracle Mile Advisors LLC bought a new position in BrightSpring Health Services in the 2nd quarter valued at $267,000. Bank of New York Mellon Corp increased its position in shares of BrightSpring Health Services by 16.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 156,911 shares of the company’s stock valued at $1,783,000 after purchasing an additional 21,760 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in shares of BrightSpring Health Services during the 2nd quarter worth $126,000. Finally, nVerses Capital LLC purchased a new position in shares of BrightSpring Health Services in the 2nd quarter worth about $55,000.

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.