Bright Horizons Family Solutions Inc. (NYSE:BFAM) Given Consensus Rating of “Moderate Buy” by Brokerages

Bright Horizons Family Solutions Inc. (NYSE:BFAM) has been assigned an average recommendation of “Moderate Buy” from the ten analysts that are presently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, two have given a hold rating, six have given a buy rating and one has given a strong buy rating to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $135.56.

A number of equities research analysts have recently issued reports on the stock. JPMorgan Chase & Co. boosted their price target on shares of Bright Horizons Family Solutions from $137.00 to $149.00 and gave the company an “overweight” rating in a research note on Tuesday, November 5th. Baird R W raised Bright Horizons Family Solutions from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 22nd. The Goldman Sachs Group lowered their target price on Bright Horizons Family Solutions from $162.00 to $142.00 and set a “buy” rating for the company in a report on Friday, December 27th. StockNews.com lowered shares of Bright Horizons Family Solutions from a “hold” rating to a “sell” rating in a research note on Wednesday, January 22nd. Finally, Robert W. Baird raised shares of Bright Horizons Family Solutions from a “neutral” rating to an “outperform” rating and set a $140.00 price target for the company in a research report on Friday, November 22nd.

Insider Activity

In other Bright Horizons Family Solutions news, Director Mary Ann Tocio sold 5,000 shares of the business’s stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $114.71, for a total transaction of $573,550.00. Following the completion of the sale, the director now owns 25,257 shares of the company’s stock, valued at approximately $2,897,230.47. The trade was a 16.53 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.22% of the company’s stock.

Institutional Investors Weigh In On Bright Horizons Family Solutions

Several hedge funds and other institutional investors have recently modified their holdings of BFAM. Massachusetts Financial Services Co. MA lifted its position in shares of Bright Horizons Family Solutions by 15.4% during the third quarter. Massachusetts Financial Services Co. MA now owns 3,181,050 shares of the company’s stock worth $445,761,000 after purchasing an additional 423,456 shares during the last quarter. State Street Corp grew its position in shares of Bright Horizons Family Solutions by 0.4% in the 3rd quarter. State Street Corp now owns 999,263 shares of the company’s stock worth $140,027,000 after acquiring an additional 3,970 shares in the last quarter. Geode Capital Management LLC grew its position in shares of Bright Horizons Family Solutions by 0.8% in the 3rd quarter. Geode Capital Management LLC now owns 924,832 shares of the company’s stock worth $129,633,000 after acquiring an additional 7,597 shares in the last quarter. Westfield Capital Management Co. LP increased its holdings in shares of Bright Horizons Family Solutions by 3.2% in the 3rd quarter. Westfield Capital Management Co. LP now owns 707,383 shares of the company’s stock valued at $99,126,000 after acquiring an additional 21,935 shares during the last quarter. Finally, Geneva Capital Management LLC raised its position in shares of Bright Horizons Family Solutions by 0.5% during the 3rd quarter. Geneva Capital Management LLC now owns 575,400 shares of the company’s stock valued at $80,631,000 after acquiring an additional 2,649 shares in the last quarter.

Bright Horizons Family Solutions Trading Down 1.0 %

Shares of Bright Horizons Family Solutions stock opened at $121.38 on Tuesday. The stock has a 50 day moving average of $114.26 and a 200 day moving average of $124.48. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.61 and a current ratio of 0.61. The firm has a market capitalization of $7.06 billion, a price-to-earnings ratio of 60.99 and a beta of 1.45. Bright Horizons Family Solutions has a fifty-two week low of $94.83 and a fifty-two week high of $141.90.

Bright Horizons Family Solutions (NYSE:BFAM) last released its quarterly earnings results on Monday, November 4th. The company reported $1.11 earnings per share for the quarter, topping analysts’ consensus estimates of $1.06 by $0.05. The business had revenue of $719.00 million during the quarter, compared to analysts’ expectations of $713.16 million. Bright Horizons Family Solutions had a return on equity of 13.23% and a net margin of 4.44%. The company’s revenue was up 11.3% compared to the same quarter last year. During the same period in the prior year, the business posted $0.78 EPS. As a group, research analysts predict that Bright Horizons Family Solutions will post 3 earnings per share for the current year.

About Bright Horizons Family Solutions

Bright Horizons Family Solutions Inc provides early education and childcare, back-up care, educational advisory, and other workplace solutions services for employers and families in the United States, Puerto Rico, the United Kingdom, the Netherlands, Australia, and India. The company operates in three segments: Full Service Center-Based Child Care, Back-Up Care, and Educational Advisory and Other Services.