Bright Horizons Family Solutions Inc. (NYSE:BFAM) Receives Average Rating of “Moderate Buy” from Analysts

Bright Horizons Family Solutions Inc. (NYSE:BFAM) has been given an average recommendation of “Moderate Buy” by the ten ratings firms that are presently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $135.56.

A number of equities research analysts recently issued reports on the stock. Jefferies Financial Group dropped their target price on shares of Bright Horizons Family Solutions from $155.00 to $132.00 and set a “buy” rating for the company in a research report on Thursday, January 23rd. Morgan Stanley cut their target price on shares of Bright Horizons Family Solutions from $108.00 to $102.00 and set an “underweight” rating for the company in a research note on Thursday, December 12th. BMO Capital Markets raised Bright Horizons Family Solutions from a “market perform” rating to an “outperform” rating and cut their price target for the company from $137.00 to $125.00 in a report on Monday, November 18th. StockNews.com lowered shares of Bright Horizons Family Solutions from a “hold” rating to a “sell” rating in a report on Wednesday, January 22nd. Finally, JPMorgan Chase & Co. raised their price objective on shares of Bright Horizons Family Solutions from $137.00 to $149.00 and gave the company an “overweight” rating in a research report on Tuesday, November 5th.

Insider Activity

In other news, Director Mary Ann Tocio sold 5,000 shares of Bright Horizons Family Solutions 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 transaction, the director now owns 25,257 shares in the company, valued at $2,897,230.47. The trade was a 16.53 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.22% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the business. Raleigh Capital Management Inc. bought a new position in shares of Bright Horizons Family Solutions in the 3rd quarter valued at about $29,000. Versant Capital Management Inc acquired a new position in Bright Horizons Family Solutions during the fourth quarter valued at approximately $25,000. V Square Quantitative Management LLC acquired a new position in shares of Bright Horizons Family Solutions during the 3rd quarter worth approximately $35,000. True Wealth Design LLC bought a new stake in shares of Bright Horizons Family Solutions during the 3rd quarter worth approximately $49,000. Finally, Quarry LP boosted its holdings in shares of Bright Horizons Family Solutions by 68.3% in the 2nd quarter. Quarry LP now owns 436 shares of the company’s stock valued at $48,000 after buying an additional 177 shares during the last quarter.

Bright Horizons Family Solutions Trading Up 4.2 %

BFAM stock opened at $120.03 on Tuesday. Bright Horizons Family Solutions has a 1-year low of $94.83 and a 1-year high of $141.90. The company has a current ratio of 0.61, a quick ratio of 0.61 and a debt-to-equity ratio of 0.66. The business’s 50 day moving average is $113.12 and its 200-day moving average is $124.33. The firm has a market cap of $6.98 billion, a P/E ratio of 60.32 and a beta of 1.44.

Bright Horizons Family Solutions (NYSE:BFAM) last announced its quarterly earnings results on Monday, November 4th. The company reported $1.11 earnings per share for the quarter, beating analysts’ consensus estimates of $1.06 by $0.05. The firm had revenue of $719.00 million for 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 business’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 earnings per share. Equities analysts anticipate that Bright Horizons Family Solutions will post 3.01 earnings per share for the current fiscal year.

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.