Bright Horizons Family Solutions Inc (NYSE:BFAM) Given Average Rating of “Hold” by Analysts

Shares of Bright Horizons Family Solutions Inc (NYSE:BFAM) have received an average recommendation of “Hold” from the eight analysts that are covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $150.80.

BFAM has been the subject of a number of recent research reports. Morgan Stanley started coverage on Bright Horizons Family Solutions in a report on Tuesday, October 8th. They set an “equal weight” rating and a $162.00 price objective for the company. Zacks Investment Research lowered Bright Horizons Family Solutions from a “hold” rating to a “sell” rating in a report on Tuesday. Jefferies Financial Group assumed coverage on Bright Horizons Family Solutions in a research report on Wednesday, November 27th. They set a “buy” rating and a $177.00 target price on the stock. ValuEngine cut Bright Horizons Family Solutions from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Finally, BMO Capital Markets upgraded Bright Horizons Family Solutions from a “market perform” rating to an “outperform” rating and upped their price target for the stock from $152.00 to $166.00 in a report on Wednesday, September 11th.

BFAM traded down $3.63 during trading on Tuesday, hitting $148.34. 180,266 shares of the company’s stock were exchanged, compared to its average volume of 235,281. Bright Horizons Family Solutions has a fifty-two week low of $105.15 and a fifty-two week high of $168.28. The stock has a market cap of $8.76 billion, a P/E ratio of 48.96, a PEG ratio of 4.36 and a beta of 0.27. The business’s 50 day moving average is $148.79 and its two-hundred day moving average is $150.57. The company has a quick ratio of 0.49, a current ratio of 0.49 and a debt-to-equity ratio of 1.15.

Bright Horizons Family Solutions (NYSE:BFAM) last posted its earnings results on Wednesday, October 30th. The company reported $0.86 EPS for the quarter, topping the consensus estimate of $0.80 by $0.06. Bright Horizons Family Solutions had a net margin of 8.88% and a return on equity of 23.34%. The company had revenue of $511.58 million during the quarter, compared to the consensus estimate of $514.64 million. During the same period in the previous year, the firm posted $0.73 earnings per share. The firm’s revenue for the quarter was up 8.5% on a year-over-year basis. On average, sell-side analysts forecast that Bright Horizons Family Solutions will post 3.41 earnings per share for the current year.

In other Bright Horizons Family Solutions news, CEO Stephen Howard Kramer sold 3,333 shares of the business’s stock in a transaction on Wednesday, September 11th. The stock was sold at an average price of $151.47, for a total value of $504,849.51. Following the transaction, the chief executive officer now owns 87,292 shares of the company’s stock, valued at $13,222,119.24. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Mary Ann Tocio sold 20,000 shares of the business’s stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $150.47, for a total value of $3,009,400.00. Following the completion of the transaction, the director now directly owns 122,282 shares in the company, valued at approximately $18,399,772.54. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 35,263 shares of company stock worth $5,346,402. 1.90% of the stock is owned by corporate insiders.

Several institutional investors have recently made changes to their positions in BFAM. Huntington National Bank bought a new position in Bright Horizons Family Solutions during the second quarter valued at about $33,000. Quest Capital Management Inc. ADV purchased a new stake in Bright Horizons Family Solutions during the third quarter worth about $73,000. Mitsubishi UFJ Securities Holdings Co. Ltd. purchased a new stake in Bright Horizons Family Solutions during the second quarter worth about $75,000. Squar Milner Financial Services LLC bought a new stake in Bright Horizons Family Solutions in the third quarter worth about $108,000. Finally, Strategic Blueprint LLC bought a new stake in Bright Horizons Family Solutions in the third quarter worth about $120,000. 96.50% of the stock is owned by hedge funds and other institutional investors.

Bright Horizons Family Solutions Company Profile

Bright Horizons Family Solutions Inc provides child care and early education, back-up care, and educational advisory services for employers and families. The company operates through three segments: Full Service Center-Based Child Care, Back-Up Care, and Educational Advisory Services. The Full Service Center-Based Child Care segment offers traditional center-based child care, preschool, and elementary education services.

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Analyst Recommendations for Bright Horizons Family Solutions (NYSE:BFAM)

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