Bright Horizons Family Solutions Inc. (NYSE:BFAM) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM) have received an average recommendation of “Hold” from the seven ratings firms that are currently covering the firm, MarketBeat reports. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $133.43.

Several research firms have recently commented on BFAM. BMO Capital Markets boosted their price target on Bright Horizons Family Solutions from $104.00 to $122.00 and gave the stock a “market perform” rating in a research report on Friday, August 2nd. Barclays boosted their price target on Bright Horizons Family Solutions from $125.00 to $160.00 and gave the stock an “overweight” rating in a research report on Friday, August 30th. Deutsche Bank Aktiengesellschaft boosted their price target on Bright Horizons Family Solutions from $114.00 to $140.00 and gave the stock a “hold” rating in a research report on Friday, August 2nd. The Goldman Sachs Group boosted their price target on Bright Horizons Family Solutions from $125.00 to $142.00 and gave the stock a “buy” rating in a research report on Friday, August 2nd. Finally, JPMorgan Chase & Co. boosted their target price on Bright Horizons Family Solutions from $119.00 to $137.00 and gave the stock an “overweight” rating in a research note on Friday, August 2nd.

Insider Buying and Selling at Bright Horizons Family Solutions

In other Bright Horizons Family Solutions news, COO Mary Lou Burke sold 800 shares of the business’s stock in a transaction dated Monday, June 10th. The stock was sold at an average price of $106.42, for a total transaction of $85,136.00. Following the sale, the chief operating officer now owns 37,725 shares in the company, valued at approximately $4,014,694.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Bright Horizons Family Solutions news, Director Lightfoot Sara Lawrence sold 4,597 shares of the business’s stock in a transaction dated Monday, June 10th. The stock was sold at an average price of $107.23, for a total transaction of $492,936.31. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, COO Mary Lou Burke sold 800 shares of the business’s stock in a transaction dated Monday, June 10th. The shares were sold at an average price of $106.42, for a total value of $85,136.00. Following the sale, the chief operating officer now owns 37,725 shares in the company, valued at approximately $4,014,694.50. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 29,232 shares of company stock worth $3,664,500. 1.22% of the stock is currently owned by insiders.

Institutional Trading of Bright Horizons Family Solutions

A number of hedge funds have recently modified their holdings of BFAM. Riverview Trust Co purchased a new stake in shares of Bright Horizons Family Solutions in the first quarter worth about $25,000. Principal Securities Inc. purchased a new stake in shares of Bright Horizons Family Solutions in the fourth quarter worth about $38,000. Whittier Trust Co. of Nevada Inc. boosted its stake in shares of Bright Horizons Family Solutions by 850.0% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 342 shares of the company’s stock worth $38,000 after buying an additional 306 shares during the last quarter. YHB Investment Advisors Inc. purchased a new stake in shares of Bright Horizons Family Solutions in the first quarter worth about $40,000. Finally, Daiwa Securities Group Inc. boosted its stake in shares of Bright Horizons Family Solutions by 73.3% in the second quarter. Daiwa Securities Group Inc. now owns 390 shares of the company’s stock worth $43,000 after buying an additional 165 shares during the last quarter.

Bright Horizons Family Solutions Price Performance

Shares of Bright Horizons Family Solutions stock opened at $140.66 on Friday. The stock has a market cap of $8.16 billion, a price-to-earnings ratio of 99.06 and a beta of 1.45. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.56 and a current ratio of 0.56. The stock has a 50 day moving average price of $124.90 and a 200-day moving average price of $114.98. Bright Horizons Family Solutions has a one year low of $71.65 and a one year high of $141.89.

Bright Horizons Family Solutions (NYSE:BFAM) last issued its earnings results on Thursday, August 1st. The company reported $0.88 earnings per share for the quarter, beating analysts’ consensus estimates of $0.73 by $0.15. The business had revenue of $670.10 million during the quarter, compared to analyst estimates of $666.17 million. Bright Horizons Family Solutions had a return on equity of 12.86% and a net margin of 3.98%. Bright Horizons Family Solutions’s revenue was up 11.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.54 EPS. Equities analysts expect that Bright Horizons Family Solutions will post 2.98 EPS for the current 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.