HSBC Securities slashes price target on BrightSpring Health Services Inc [BTSG] – find out why.

BrightSpring Health Services Inc [NASDAQ: BTSG] closed the trading session at $11.48.

The stocks have a year to date performance of 4.36 percent and weekly performance of 0.26 percent. The stock has performed 0.00 percent around the most recent 30 days and changed 27.27 percent over the most recent 3-months.

3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free
Sponsored

If compared to the average trading volume of 1.39M shares, BTSG reached to a volume of 3972350 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say about BrightSpring Health Services Inc [BTSG]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for BTSG shares is $16.05 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on BTSG stock is a recommendation set at 1.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

HSBC Securities have made an estimate for BrightSpring Health Services Inc shares, keeping their opinion on the stock as Buy, with their previous recommendation back on March 06, 2024. The new note on the price target was released on February 27, 2024, representing the official price target for BrightSpring Health Services Inc stock. Previously, the target price had yet another raise to $15, while Wells Fargo analysts kept a Overweight rating on BTSG stock.

The Average True Range (ATR) for BrightSpring Health Services Inc is set at 0.47 The Price to Book ratio for the last quarter was 1.25, with the Price to Cash per share for the same quarter was set at 0.34.

BTSG stock trade performance evaluation

BrightSpring Health Services Inc [BTSG] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 0.26.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for BTSG stock in for the last two-week period is set at 56.16, with the RSI for the last a single of trading hit 55.20, and the three-weeks RSI is set at 56.25 for BrightSpring Health Services Inc [BTSG]. The present Moving Average for the last 50 days of trading for this stock 10.95, while it was recorded at 11.46 for the last single week of trading.

BrightSpring Health Services Inc [BTSG]: An insightful look at the core fundamentals

BrightSpring Health Services Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.96 and a Current Ratio set at 1.26.

BrightSpring Health Services Inc [BTSG]: Institutional Ownership

The top three institutional holders of BTSG stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.4983%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $200.69 billion in BTSG stocks shares; and BERKSHIRE HATHAWAY INC, currently with $174.35 billion in BTSG stock with ownership which is approximately 5.8386%.