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.
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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