Bright Horizons Family Solutions (NYSE:BFAM) Raised to Hold at StockNews.com

Bright Horizons Family Solutions (NYSE:BFAM) was upgraded by investment analysts at StockNews.com from a “sell” rating to a “hold” rating in a report issued on Tuesday.

BFAM has been the topic of a number of other reports. UBS Group raised their target price on shares of 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. The Goldman Sachs Group dropped their target price on shares of Bright Horizons Family Solutions from $162.00 to $142.00 and set a “buy” rating on the stock in a report on Friday, December 27th. Morgan Stanley lowered their price target on shares of Bright Horizons Family Solutions from $108.00 to $102.00 and set an “underweight” rating for the company in a research report on Thursday, December 12th. Robert W. Baird upgraded shares of Bright Horizons Family Solutions from a “neutral” rating to an “outperform” rating and set a $140.00 price objective on the stock in a research note on Friday, November 22nd. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Bright Horizons Family Solutions from $137.00 to $149.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 5th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $138.25.

Bright Horizons Family Solutions Price Performance

Shares of NYSE BFAM traded up $0.78 during mid-day trading on Tuesday, hitting $114.97. 363,015 shares of the company’s stock traded hands, compared to its average volume of 374,327. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.61 and a quick ratio of 0.61. Bright Horizons Family Solutions has a 1 year low of $94.83 and a 1 year high of $141.90. The company’s 50-day moving average is $112.08 and its two-hundred day moving average is $123.80. The company has a market capitalization of $6.69 billion, a P/E ratio of 57.77 and a beta of 1.44.

Bright Horizons Family Solutions (NYSE:BFAM) last posted its quarterly earnings data 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. Bright Horizons Family Solutions had a return on equity of 13.23% and a net margin of 4.44%. The business had revenue of $719.00 million during the quarter, compared to analyst estimates of $713.16 million. During the same period last year, the company earned $0.78 EPS. The company’s revenue for the quarter was up 11.3% on a year-over-year basis. On average, equities analysts anticipate that Bright Horizons Family Solutions will post 3.01 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Mary Ann Tocio sold 5,000 shares of the business’s stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $114.71, for a total transaction of $573,550.00. Following the sale, the director now owns 25,257 shares in the company, valued at approximately $2,897,230.47. The trade was a 16.53 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.22% of the company’s stock.

Hedge Funds Weigh In On Bright Horizons Family Solutions

Hedge funds and other institutional investors have recently modified their holdings of the stock. OLD National Bancorp IN grew its stake in Bright Horizons Family Solutions by 2.7% during the 3rd quarter. OLD National Bancorp IN now owns 3,159 shares of the company’s stock valued at $443,000 after purchasing an additional 82 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Bright Horizons Family Solutions by 2.1% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 5,425 shares of the company’s stock worth $601,000 after purchasing an additional 113 shares during the period. EverSource Wealth Advisors LLC boosted its position in Bright Horizons Family Solutions by 6.0% in the second quarter. EverSource Wealth Advisors LLC now owns 2,097 shares of the company’s stock valued at $252,000 after buying an additional 119 shares during the last quarter. Avior Wealth Management LLC increased its holdings in Bright Horizons Family Solutions by 2.9% in the 3rd quarter. Avior Wealth Management LLC now owns 4,674 shares of the company’s stock worth $655,000 after buying an additional 133 shares during the period. Finally, Daiwa Securities Group Inc. raised its position in Bright Horizons Family Solutions by 37.2% during the 3rd quarter. Daiwa Securities Group Inc. now owns 535 shares of the company’s stock worth $75,000 after buying an additional 145 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.