BrightSpring Health Services, Inc. (NASDAQ:BTSG - Get Free Report) shares saw unusually-strong trading volume on Friday . Approximately 6,100,226 shares traded hands during trading, an increase of 315% from the previous session's volume of 1,468,685 shares.The stock last traded at $18.54 and had previously closed at $17.94.
A number of equities research analysts have recently issued reports on BTSG shares. UBS Group boosted their target price on BrightSpring Health Services from $16.00 to $20.00 and gave the stock a "buy" rating in a research report on Wednesday, October 30th. Mizuho lifted their price target on BrightSpring Health Services from $17.00 to $20.00 and gave the company an "outperform" rating in a report on Monday, November 4th. Bank of America lifted their price target on BrightSpring Health Services from $19.00 to $21.00 and gave the company a "buy" rating in a report on Wednesday. BTIG Research lifted their price target on BrightSpring Health Services from $15.00 to $20.00 and gave the company a "buy" rating in a report on Thursday, October 3rd. Finally, KeyCorp began coverage on BrightSpring Health Services in a report on Friday, October 11th. They set a "sector weight" rating on the stock. One analyst has rated the stock with a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $18.50.
Read Our Latest Analysis on BTSG
The company has a market cap of $3.26 billion and a P/E ratio of -73.92. The firm has a 50 day moving average price of $17.41 and a 200-day moving average price of $14.00. The company has a debt-to-equity ratio of 1.63, a quick ratio of 0.97 and a current ratio of 1.35.
BrightSpring Health Services (NASDAQ:BTSG - Get Free Report) last posted its quarterly earnings data on Friday, November 1st. The company reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.07). BrightSpring Health Services had a positive return on equity of 4.16% and a negative net margin of 0.38%. The business 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. On average, research analysts predict that BrightSpring Health Services, Inc. will post 0.59 EPS for the current year.
Several large investors have recently made changes to their positions in BTSG. California State Teachers Retirement System acquired a new position in shares of BrightSpring Health Services during the 1st quarter worth about $59,000. Miracle Mile Advisors LLC acquired a new position in BrightSpring Health Services in the 2nd quarter valued at approximately $267,000. Bank of New York Mellon Corp raised its holdings in BrightSpring Health Services by 16.1% in 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 acquiring an additional 21,760 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in BrightSpring Health Services in the 2nd quarter valued at approximately $126,000. Finally, nVerses Capital LLC acquired a new position in BrightSpring Health Services in the 2nd quarter valued at approximately $55,000.
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.
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