Bright Horizons Family Solutions (NYSE:BFAM) Stock Rating Upgraded by Baird R W

Baird R W upgraded shares of Bright Horizons Family Solutions (NYSE:BFAM) from a hold rating to a strong-buy rating in a research note issued to investors on Friday,Zacks.com reports.

Other equities research analysts also recently issued research reports about the stock. JPMorgan Chase & Co. raised their price objective on shares of Bright Horizons Family Solutions from $137.00 to $149.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 5th. BMO Capital Markets upgraded shares of Bright Horizons Family Solutions from a “market perform” rating to an “outperform” rating and decreased their price target for the stock from $137.00 to $125.00 in a research report on Monday, November 18th. Morgan Stanley upped their price objective on shares of Bright Horizons Family Solutions from $100.00 to $108.00 and gave the company an “underweight” rating in a research report on Tuesday, November 5th. Robert W. Baird raised Bright Horizons Family Solutions from a “neutral” rating to an “outperform” rating and set a $140.00 target price on the stock in a research report on Friday. Finally, Barclays boosted their price target on Bright Horizons Family Solutions from $125.00 to $160.00 and gave the company an “overweight” rating in a research note on Friday, August 30th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Bright Horizons Family Solutions presently has a consensus rating of “Moderate Buy” and an average price target of $141.50.

Bright Horizons Family Solutions Stock Up 1.4 %

Bright Horizons Family Solutions stock opened at $114.61 on Friday. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.61 and a quick ratio of 0.61. Bright Horizons Family Solutions has a fifty-two week low of $86.79 and a fifty-two week high of $141.90. The firm has a fifty day moving average price of $128.51 and a two-hundred day moving average price of $122.57. The firm has a market cap of $6.67 billion, a price-to-earnings ratio of 57.58 and a beta of 1.49.

Bright Horizons Family Solutions (NYSE:BFAM) last posted its quarterly earnings data on Monday, November 4th. The company reported $1.11 earnings per share for the quarter, topping the consensus estimate 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 firm’s revenue was up 11.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.78 EPS. As a group, analysts forecast that Bright Horizons Family Solutions will post 3 earnings per share for the current year.

Insider Activity

In related news, COO Mary Lou Burke sold 800 shares of the stock in a transaction dated Monday, October 7th. The shares were sold at an average price of $136.94, for a total transaction of $109,552.00. Following the completion of the sale, the chief operating officer now owns 31,025 shares in the company, valued at $4,248,563.50. This trade represents a 2.51 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 1.22% of the company’s stock.

Institutional Trading of Bright Horizons Family Solutions

Hedge funds and other institutional investors have recently made changes to their positions in the business. CANADA LIFE ASSURANCE Co increased its holdings in shares of Bright Horizons Family Solutions by 141.6% in the first quarter. CANADA LIFE ASSURANCE Co now owns 14,784 shares of the company’s stock valued at $1,676,000 after purchasing an additional 8,666 shares in the last quarter. Bayesian Capital Management LP acquired a new stake in shares of Bright Horizons Family Solutions in the 1st quarter valued at $981,000. TimesSquare Capital Management LLC bought a new stake in shares of Bright Horizons Family Solutions during the third quarter worth $13,639,000. Dimensional Fund Advisors LP lifted its stake in shares of Bright Horizons Family Solutions by 7.0% during the second quarter. Dimensional Fund Advisors LP now owns 784,896 shares of the company’s stock valued at $86,395,000 after acquiring an additional 51,024 shares during the period. Finally, Private Advisor Group LLC boosted its holdings in Bright Horizons Family Solutions by 16.5% in the third quarter. Private Advisor Group LLC now owns 2,491 shares of the company’s stock valued at $349,000 after acquiring an additional 352 shares during the last quarter.

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.