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

Robert W. Baird upgraded shares of Bright Horizons Family Solutions (NYSE:BFAM) from a neutral rating to an outperform rating in a research report released on Friday, Marketbeat reports. Robert W. Baird currently has $140.00 price target on the stock.

Several other analysts have also recently issued reports on the company. Barclays increased their target price on Bright Horizons Family Solutions from $125.00 to $160.00 and gave the company an “overweight” rating in a research report on Friday, August 30th. Morgan Stanley increased their target price on 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. BMO Capital Markets raised Bright Horizons Family Solutions from a “market perform” rating to an “outperform” rating and dropped their target price for the company from $137.00 to $125.00 in a research report on Monday, November 18th. JPMorgan Chase & Co. raised their price objective on Bright Horizons Family Solutions from $137.00 to $149.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 5th. Finally, UBS Group raised their price objective on Bright Horizons Family Solutions from $145.00 to $148.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 5th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $141.50.

Bright Horizons Family Solutions Trading Up 1.8 %

BFAM opened at $113.08 on Friday. The stock’s fifty day moving average is $129.07 and its two-hundred day moving average is $122.46. The company has a market capitalization of $6.58 billion, a P/E ratio of 56.82 and a beta of 1.49. Bright Horizons Family Solutions has a 52 week low of $86.79 and a 52 week high of $141.90. The company has a quick ratio of 0.61, a current ratio of 0.61 and a debt-to-equity ratio of 0.66.

Bright Horizons Family Solutions (NYSE:BFAM) last announced its earnings results on Monday, November 4th. The company reported $1.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.06 by $0.05. The business 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 for the quarter was up 11.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.78 EPS. Analysts forecast that Bright Horizons Family Solutions will post 3 earnings per share for the current year.

Insider Transactions at Bright Horizons Family Solutions

In other Bright Horizons Family Solutions news, COO Mary Lou Burke sold 800 shares of Bright Horizons Family Solutions stock in a transaction dated Monday, October 7th. The stock was 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 of the company’s stock, valued at approximately $4,248,563.50. The trade was a 2.51 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 1.22% of the company’s stock.

Institutional Trading of Bright Horizons Family Solutions

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BFAM. Raleigh Capital Management Inc. acquired a new stake in Bright Horizons Family Solutions during the 3rd quarter worth about $29,000. V Square Quantitative Management LLC acquired a new stake in Bright Horizons Family Solutions during the 3rd quarter worth about $35,000. Whittier Trust Co. of Nevada Inc. lifted its position in Bright Horizons Family Solutions by 850.0% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 342 shares of the company’s stock worth $38,000 after acquiring an additional 306 shares during the period. Daiwa Securities Group Inc. lifted its position in Bright Horizons Family Solutions by 73.3% during the 2nd quarter. Daiwa Securities Group Inc. now owns 390 shares of the company’s stock worth $43,000 after acquiring an additional 165 shares during the period. Finally, Quarry LP raised its stake in shares of Bright Horizons Family Solutions by 68.3% during 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.

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.