Bright Horizons Family Solutions Inc. (NYSE:BFAM) Receives $138.25 Average PT from Brokerages

Bright Horizons Family Solutions Inc. (NYSE:BFAM) has been given an average rating of “Moderate Buy” by the nine analysts that are presently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell rating, two have given a hold rating, five have assigned a buy rating and one has issued a strong buy rating on the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $138.25.

BFAM has been the topic of several research reports. JPMorgan Chase & Co. boosted their price target 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. StockNews.com downgraded Bright Horizons Family Solutions from a “hold” rating to a “sell” rating in a research report on Wednesday, December 25th. Robert W. Baird raised Bright Horizons Family Solutions from a “neutral” rating to an “outperform” rating and set a $140.00 price target for the company in a report on Friday, November 22nd. UBS Group boosted their price objective on Bright Horizons Family Solutions from $145.00 to $148.00 and gave the company a “neutral” rating in a research note on Tuesday, November 5th. Finally, BMO Capital Markets upgraded Bright Horizons Family Solutions from a “market perform” rating to an “outperform” rating and cut their target price for the stock from $137.00 to $125.00 in a research note on Monday, November 18th.

Bright Horizons Family Solutions Price Performance

Bright Horizons Family Solutions stock opened at $115.32 on Friday. 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 simple moving average is $113.20 and its 200 day simple moving average is $123.49. Bright Horizons Family Solutions has a 12 month low of $92.40 and a 12 month high of $141.90. The company has a market cap of $6.71 billion, a price-to-earnings ratio of 57.95 and a beta of 1.44.

Bright Horizons Family Solutions (NYSE:BFAM) last posted its quarterly earnings results 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. Bright Horizons Family Solutions had a return on equity of 13.23% and a net margin of 4.44%. The company had revenue of $719.00 million during the quarter, compared to the consensus estimate of $713.16 million. During the same quarter in the prior year, the company earned $0.78 EPS. The firm’s quarterly revenue was up 11.3% compared to the same quarter last year. Sell-side analysts forecast that Bright Horizons Family Solutions will post 3.01 EPS for the current year.

Insider Activity

In other news, Director Mary Ann Tocio sold 5,000 shares of Bright Horizons Family Solutions stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $114.71, for a total transaction of $573,550.00. Following the completion of the sale, the director now directly owns 25,257 shares of the company’s stock, valued at approximately $2,897,230.47. The trade was a 16.53 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 1.22% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in BFAM. Versant Capital Management Inc purchased a new position in shares of Bright Horizons Family Solutions in the 4th quarter worth about $25,000. Tidal Investments LLC bought a new stake in Bright Horizons Family Solutions in the 3rd quarter worth approximately $695,000. Sanctuary Advisors LLC boosted its stake in Bright Horizons Family Solutions by 2.9% in the third quarter. Sanctuary Advisors LLC now owns 16,920 shares of the company’s stock worth $2,371,000 after buying an additional 478 shares in the last quarter. Anchor Investment Management LLC grew its position in Bright Horizons Family Solutions by 423.2% during the third quarter. Anchor Investment Management LLC now owns 654 shares of the company’s stock valued at $92,000 after acquiring an additional 529 shares during the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of Bright Horizons Family Solutions by 0.8% during the third quarter. Geode Capital Management LLC now owns 924,832 shares of the company’s stock worth $129,633,000 after acquiring an additional 7,597 shares in the last quarter.

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.