Bright Horizons Family Solutions (NYSE:BFAM) Stock Rating Upgraded by StockNews.com

StockNews.com upgraded shares of Bright Horizons Family Solutions (NYSE:BFAM) from a sell rating to a hold rating in a research report sent to investors on Wednesday morning.

Several other research analysts have also recently commented on the company. Robert W. Baird raised 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. Morgan Stanley reduced their price objective on shares of Bright Horizons Family Solutions from $108.00 to $102.00 and set an “underweight” rating on the stock in a research note on Thursday, December 12th. UBS Group decreased their target price on shares of Bright Horizons Family Solutions from $148.00 to $130.00 and set a “neutral” rating on the stock in a research note on Friday, January 24th. BMO Capital Markets raised Bright Horizons Family Solutions from a “market perform” rating to an “outperform” rating and cut their target price for the stock from $137.00 to $125.00 in a report on Monday, November 18th. Finally, The Goldman Sachs Group cut their price target on Bright Horizons Family Solutions from $162.00 to $142.00 and set a “buy” rating on the stock in a report on Friday, December 27th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Bright Horizons Family Solutions currently has a consensus rating of “Moderate Buy” and a consensus price target of $135.56.

Bright Horizons Family Solutions Stock Performance

Shares of BFAM stock opened at $121.93 on Wednesday. The company’s 50 day moving average price is $114.63 and its two-hundred day moving average price is $124.45. Bright Horizons Family Solutions has a 52 week low of $94.83 and a 52 week high of $141.90. The company has a market capitalization of $7.09 billion, a P/E ratio of 61.27 and a beta of 1.45. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.61 and a current ratio of 0.61.

Insider Buying and Selling at Bright Horizons Family Solutions

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

Hedge Funds Weigh In On Bright Horizons Family Solutions

Several hedge funds have recently made changes to their positions in the stock. OLD National Bancorp IN lifted its position in Bright Horizons Family Solutions by 2.7% during the third quarter. OLD National Bancorp IN now owns 3,159 shares of the company’s stock valued at $443,000 after purchasing an additional 82 shares during the last quarter. Oppenheimer Asset Management Inc. boosted its position in shares of Bright Horizons Family Solutions by 0.7% during the fourth quarter. Oppenheimer Asset Management Inc. now owns 13,202 shares of the company’s stock valued at $1,463,000 after purchasing an additional 96 shares in the last quarter. Accretive Wealth Partners LLC increased its stake in shares of Bright Horizons Family Solutions by 1.5% during the fourth quarter. Accretive Wealth Partners LLC now owns 7,514 shares of the company’s stock valued at $833,000 after purchasing an additional 111 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its position in shares of Bright Horizons Family Solutions by 2.1% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 5,425 shares of the company’s stock worth $601,000 after purchasing an additional 113 shares during the last quarter. Finally, Arizona State Retirement System boosted its holdings in shares of Bright Horizons Family Solutions by 0.9% during the 4th quarter. Arizona State Retirement System now owns 15,161 shares of the company’s stock valued at $1,681,000 after acquiring an additional 129 shares during the last quarter.

Bright Horizons Family Solutions Company Profile

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.