Weekly Research Analysts’ Ratings Updates for Bright Horizons Family Solutions (BFAM)

A number of firms have modified their ratings and price targets on shares of Bright Horizons Family Solutions (NYSE: BFAM) recently:

• 11/18/2024 – Bright Horizons Family Solutions was upgraded by analysts at BMO Capital Markets from a “market perform” rating to an “outperform” rating. They now have a $125.00 price target on the stock, down previously from $137.00.
• 11/5/2024 – Bright Horizons Family Solutions had its price target raised by analysts at Morgan Stanley from $100.00 to $108.00. They now have an “underweight” rating on the stock.
• 11/5/2024 – Bright Horizons Family Solutions had its price target raised by analysts at JPMorgan Chase & Co. from $137.00 to $149.00. They now have an “overweight” rating on the stock.
• 11/5/2024 – Bright Horizons Family Solutions had its price target raised by analysts at UBS Group AG from $145.00 to $148.00. They now have a “neutral” rating on the stock.
• 11/5/2024 – Bright Horizons Family Solutions had its price target raised by analysts at Robert W. Baird from $131.00 to $140.00. They now have a “neutral” rating on the stock.
• 11/5/2024 – Bright Horizons Family Solutions had its price target raised by analysts at The Goldman Sachs Group, Inc. from $142.00 to $162.00. They now have a “buy” rating on the stock.
• 10/8/2024 – Bright Horizons Family Solutions had its price target raised by analysts at UBS Group AG from $128.00 to $145.00. They now have a “neutral” rating on the stock.

Bright Horizons Family Solutions Trading Up 2.2 %

Bright Horizons Family Solutions stock traded up $2.33 during midday trading on Monday, hitting $106.33. 20,295 shares of the stock were exchanged, compared to its average volume of 380,429. The stock has a market capitalization of $6.19 billion, a PE ratio of 53.43 and a beta of 1.49. Bright Horizons Family Solutions Inc. has a 52 week low of $86.79 and a 52 week high of $141.90. The company has a quick ratio of 0.56, a current ratio of 0.61 and a debt-to-equity ratio of 0.66. The company has a fifty day simple moving average of $131.45 and a two-hundred day simple moving average of $122.63.

Bright Horizons Family Solutions (NYSE:BFAM) last posted its quarterly earnings results on Monday, November 4th. The company reported $1.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.06 by $0.05. The firm had revenue of $719.00 million for the quarter, compared to analyst estimates of $713.16 million. Bright Horizons Family Solutions had a net margin of 4.44% and a return on equity of 13.23%. The company’s quarterly revenue was up 11.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.78 earnings per share. Equities research analysts anticipate that Bright Horizons Family Solutions Inc. will post 3 EPS for the current fiscal year.

Insider Activity 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 that occurred on Monday, October 7th. The shares were sold at an average price of $136.94, for a total transaction of $109,552.00. Following the completion of the transaction, the chief operating officer now directly owns 31,025 shares in the company, valued at $4,248,563.50. The trade was a 2.51 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.22% of the stock is currently owned by corporate insiders.

Institutional Trading of Bright Horizons Family Solutions

A number of hedge funds have recently added to or reduced their stakes in the stock. Raleigh Capital Management Inc. bought a new position in Bright Horizons Family Solutions in the 3rd quarter valued at approximately $29,000. V Square Quantitative Management LLC acquired a new position in Bright Horizons Family Solutions during the 3rd quarter worth approximately $35,000. Whittier Trust Co. of Nevada Inc. boosted its holdings in 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 acquiring an additional 306 shares in the last quarter. True Wealth Design LLC acquired a new stake in Bright Horizons Family Solutions in the third quarter valued at approximately $49,000. Finally, Daiwa Securities Group Inc. increased its holdings in shares of Bright Horizons Family Solutions by 73.3% during the second quarter. Daiwa Securities Group Inc. now owns 390 shares of the company’s stock valued at $43,000 after acquiring an additional 165 shares in the last quarter.

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.