Bright Horizons Family Solutions (BFAM) Upgraded at Zacks Investment Research

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Zacks Investment Research upgraded shares of Bright Horizons Family Solutions (NYSE:BFAM) from a hold rating to a buy rating in a research report sent to investors on Wednesday. Zacks Investment Research currently has $130.00 price objective on the stock.

According to Zacks, “Bright Horizons Family Solutions Inc. is engaged in providing employer-sponsored child care, early education and work/life solutions. Its employer-sponsored child care programs include child care and early education centers, infant/toddler/preschool care and education, full and part-time child care, kindergarten, school-age programs, summer camps and back-up care. Bright Horizons manages child care centers for corporations, hospitals, universities and government agencies The Company operates primarily in North America, Europe and India. Bright Horizons Family Solutions Inc. is based in Watertown, Massachusetts. “

A number of other research analysts have also recently commented on BFAM. Citigroup cut shares of Bright Horizons Family Solutions from a buy rating to a neutral rating in a research note on Friday, August 3rd. They noted that the move was a valuation call. BMO Capital Markets raised their price target on shares of Bright Horizons Family Solutions from $114.00 to $118.00 and gave the stock a market perform rating in a research note on Monday, August 6th. Bank of America started coverage on shares of Bright Horizons Family Solutions in a research note on Tuesday, October 23rd. They set a neutral rating and a $118.00 price target for the company. Barclays raised their price target on shares of Bright Horizons Family Solutions from $105.00 to $125.00 and gave the stock an overweight rating in a research note on Friday, November 2nd. Finally, JPMorgan Chase & Co. lifted their target price on shares of Bright Horizons Family Solutions from $121.00 to $125.00 and gave the company an overweight rating in a research note on Friday, November 2nd. Eight investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Bright Horizons Family Solutions has an average rating of Hold and an average target price of $113.36.

BFAM traded up $2.51 during midday trading on Wednesday, reaching $120.81. 222,283 shares of the company’s stock were exchanged, compared to its average volume of 225,543. The stock has a market cap of $6.85 billion, a price-to-earnings ratio of 47.38, a P/E/G ratio of 3.31 and a beta of 0.19. The company has a quick ratio of 0.34, a current ratio of 0.39 and a debt-to-equity ratio of 1.33. Bright Horizons Family Solutions has a one year low of $85.58 and a one year high of $120.89.

Bright Horizons Family Solutions (NYSE:BFAM) last announced its quarterly earnings results on Thursday, November 1st. The company reported $0.73 EPS for the quarter, hitting analysts’ consensus estimates of $0.73. The firm had revenue of $472.00 million during the quarter, compared to analysts’ expectations of $471.85 million. Bright Horizons Family Solutions had a net margin of 8.73% and a return on equity of 22.55%. The company’s revenue for the quarter was up 8.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.62 earnings per share. Equities research analysts expect that Bright Horizons Family Solutions will post 2.97 EPS for the current fiscal year.

In other news, COO Mary Lou Burke sold 1,100 shares of Bright Horizons Family Solutions stock in a transaction that occurred on Wednesday, September 5th. The shares were sold at an average price of $118.87, for a total value of $130,757.00. Following the completion of the transaction, the chief operating officer now owns 30,946 shares in the company, valued at $3,678,551.02. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Stephen I. Dreier sold 5,000 shares of Bright Horizons Family Solutions stock in a transaction that occurred on Thursday, August 16th. The shares were sold at an average price of $114.75, for a total transaction of $573,750.00. Following the completion of the transaction, the executive vice president now owns 69,547 shares of the company’s stock, valued at approximately $7,980,518.25. The disclosure for this sale can be found here. Insiders sold 49,258 shares of company stock valued at $5,692,514 in the last quarter. 2.20% of the stock is currently owned by corporate insiders.

Institutional investors have recently modified their holdings of the stock. Harvest Fund Management Co. Ltd acquired a new stake in shares of Bright Horizons Family Solutions in the third quarter valued at approximately $147,000. First Hawaiian Bank acquired a new stake in shares of Bright Horizons Family Solutions in the third quarter valued at approximately $158,000. Advisors Asset Management Inc. increased its holdings in shares of Bright Horizons Family Solutions by 242.6% in the second quarter. Advisors Asset Management Inc. now owns 1,672 shares of the company’s stock valued at $171,000 after purchasing an additional 1,184 shares in the last quarter. Engineers Gate Manager LP acquired a new stake in shares of Bright Horizons Family Solutions in the third quarter valued at approximately $200,000. Finally, Stone Ridge Asset Management LLC acquired a new stake in shares of Bright Horizons Family Solutions in the third quarter valued at approximately $213,000. 97.79% of the stock is owned by institutional investors and hedge funds.

About Bright Horizons Family Solutions

Bright Horizons Family Solutions Inc provides child care and early education, back-up dependent care, and educational advisory services for employers and families. The company operates through three segments: Full Service Center-Based Child Care, Back-Up Dependent Care, and Other Educational Advisory Services.

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