Keybanc Weighs In on BrightSpring Health Services: A Cautious Outlook
Sector Weight Recommendation Given: Analyst Price Target Indicates Potential Growth
On October 11, 2024, Keybanc started following BrightSpring Health Services (NasdaqGS:BTSG) with a Sector Weight recommendation. This reflects a balanced view on the stock’s potential performance.
Analyst Price Forecast Suggests 6.53% Upside
As of September 25, 2024, the average one-year price target for BrightSpring Health Services stands at $16.15 per share. Predictions vary, with estimates ranging from a low of $13.13 to a high of $19.42. This average is a 6.53% increase from its latest closing price of $15.16 per share.
Investors can also refer to our leaderboard showcasing companies with the highest price target upside.
Projected annual revenue for BrightSpring Health Services is estimated at $9,643 million, showing a slight decrease of 2.97%. The expected non-GAAP earnings per share (EPS) is 0.61.
What is the Fund Sentiment?
Currently, 239 funds or institutions have reported their positions in BrightSpring Health Services, marking an increase of 40 owners, or 20.10%, in the last quarter. The average portfolio weight dedicated to BTSG by these funds rose to 0.28%, a gain of 2.65%. Additionally, the total shares held by institutions increased by 5.60% over the past three months, reaching 206,981K shares. The put/call ratio for BTSG is currently at 0.00, suggesting a bullish outlook among investors.
What are Other Shareholders Doing?
Kohlberg Kravis Roberts & Co. holds 81,340K shares, translating to 47.44% ownership. This has remained unchanged in the latest quarter.
Walgreens Boots Alliance owns 34,860K shares, making up 20.33% of the company, also with no changes over the last quarter.
8 Knots Management has 8,212K shares, representing 4.79% ownership, with no recent adjustments.
AllianceBernstein holds 5,779K shares (3.37% ownership) and reported a slight increase from 5,584K shares, although its overall portfolio allocation in BTSG decreased by 8.36% in the last quarter.
Norges Bank maintains 5,165K shares, accounting for 3.01% ownership.
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This information originally appeared on Fintel.
The views and opinions expressed herein are those of the author and do not necessarily reflect the views of Nasdaq, Inc.