Bright Horizons Family Solutions Inc. (BFAM) Raised to Buy at Zacks Investment Research

Zacks Investment Research upgraded shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM) from a hold rating to a buy rating in a report published on Tuesday, November 7th. The brokerage currently has $100.00 price target 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. “

Several other brokerages have also issued reports on BFAM. Citigroup Inc. reaffirmed a buy rating and set a $92.00 price objective (up previously from $90.00) on shares of Bright Horizons Family Solutions in a report on Thursday, August 3rd. BidaskClub lowered Bright Horizons Family Solutions from a buy rating to a hold rating in a report on Wednesday, July 12th. BMO Capital Markets reissued a market perform rating and set a $85.00 price target (up previously from $83.00) on shares of Bright Horizons Family Solutions in a report on Thursday, August 3rd. Robert W. Baird restated a hold rating on shares of Bright Horizons Family Solutions in a research report on Friday, November 3rd. Finally, Royal Bank Of Canada restated a buy rating on shares of Bright Horizons Family Solutions in a research report on Wednesday, August 9th. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock presently has a consensus rating of Buy and a consensus price target of $90.67.

Shares of Bright Horizons Family Solutions (NYSE:BFAM) opened at $87.55 on Tuesday. The company has a current ratio of 0.49, a quick ratio of 0.49 and a debt-to-equity ratio of 1.35. The company has a market capitalization of $5,193.04, a P/E ratio of 36.79, a price-to-earnings-growth ratio of 1.76 and a beta of 0.13. Bright Horizons Family Solutions has a 52 week low of $65.00 and a 52 week high of $93.13.

Bright Horizons Family Solutions (NYSE:BFAM) last issued its quarterly earnings data on Wednesday, November 1st. The company reported $0.62 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.05. The company had revenue of $433.30 million during the quarter, compared to analyst estimates of $429.36 million. Bright Horizons Family Solutions had a return on equity of 19.72% and a net margin of 7.22%. The firm’s revenue for the quarter was up 12.9% compared to the same quarter last year. During the same period in the prior year, the business posted $0.49 earnings per share. equities analysts anticipate that Bright Horizons Family Solutions will post 2.49 earnings per share for the current year.

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In other news, CEO David H. Lissy sold 79,112 shares of the company’s stock in a transaction dated Tuesday, November 14th. The shares were sold at an average price of $87.26, for a total value of $6,903,313.12. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, COO Mary Lou Burke sold 750 shares of the company’s stock in a transaction dated Tuesday, September 5th. The stock was sold at an average price of $79.85, for a total transaction of $59,887.50. Following the completion of the transaction, the chief operating officer now owns 32,016 shares of the company’s stock, valued at approximately $2,556,477.60. The disclosure for this sale can be found here. Insiders have sold a total of 3,650,889 shares of company stock worth $318,185,942 in the last 90 days. Company insiders own 2.90% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in the business. Acrospire Investment Management LLC lifted its holdings in shares of Bright Horizons Family Solutions by 250.0% during the 2nd quarter. Acrospire Investment Management LLC now owns 1,400 shares of the company’s stock worth $108,000 after acquiring an additional 1,000 shares during the period. Public Employees Retirement Association of Colorado acquired a new stake in shares of Bright Horizons Family Solutions during the 2nd quarter worth approximately $123,000. Advisor Group Inc. grew its position in shares of Bright Horizons Family Solutions by 213.6% during the 2nd quarter. Advisor Group Inc. now owns 1,988 shares of the company’s stock worth $152,000 after buying an additional 1,354 shares during the period. Zions Bancorporation acquired a new stake in shares of Bright Horizons Family Solutions during the 3rd quarter worth approximately $170,000. Finally, Connable Office Inc. acquired a new stake in shares of Bright Horizons Family Solutions during the 2nd quarter worth approximately $208,000. Hedge funds and other institutional investors own 97.71% of the company’s stock.

Bright Horizons Family Solutions Company Profile

Bright Horizons Family Solutions Inc is a provider of child care, early education and other services. The Company provides services under multi-year contracts with employers offering child care and other dependent care solutions as part of their employee benefits packages. Its segments include full service center-based care services, back-up dependent care services and other educational advisory services.

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Analyst Recommendations for Bright Horizons Family Solutions (NYSE:BFAM)

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