Bright Horizons Family Solutions Inc. (NYSE:BFAM) Receives Consensus Rating of "Moderate Buy" from Analysts

Bright Horizons Family Solutions Inc. (NYSE:BFAM - Get Free Report) has been given an average recommendation of "Moderate Buy" by the ten research firms that are covering the company, MarketBeat reports. One analyst has rated the stock with a sell rating, two have issued a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $135.56.

A number of brokerages recently weighed in on BFAM. The Goldman Sachs Group reduced their target price on shares of Bright Horizons Family Solutions from $162.00 to $142.00 and set a "buy" rating for the company in a report on Friday, December 27th. UBS Group reduced their price objective on Bright Horizons Family Solutions from $148.00 to $130.00 and set a "neutral" rating for the company in a research note on Friday. BMO Capital Markets raised 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 report on Monday, November 18th. JPMorgan Chase & Co. increased their price target on 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. Finally, StockNews.com downgraded Bright Horizons Family Solutions from a "hold" rating to a "sell" rating in a report on Wednesday, January 22nd.

Insider Transactions at Bright Horizons Family Solutions

In other news, Director Mary Ann Tocio sold 5,000 shares of the company'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 completion of the sale, the director now owns 25,257 shares in the company, valued at approximately $2,897,230.47. This represents a 16.53 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.22% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Bright Horizons Family Solutions

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Massachusetts Financial Services Co. MA boosted its stake in Bright Horizons Family Solutions by 15.4% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 3,181,050 shares of the company's stock valued at $445,761,000 after purchasing an additional 423,456 shares during the period. Millennium Management LLC acquired a new stake in shares of Bright Horizons Family Solutions in the second quarter worth $28,995,000. Allspring Global Investments Holdings LLC increased its position in Bright Horizons Family Solutions by 174.0% during the third quarter. Allspring Global Investments Holdings LLC now owns 344,397 shares of the company's stock worth $48,260,000 after acquiring an additional 218,707 shares during the period. TimesSquare Capital Management LLC acquired a new position in Bright Horizons Family Solutions during the 3rd quarter valued at $13,639,000. Finally, Assenagon Asset Management S.A. bought a new stake in Bright Horizons Family Solutions in the 3rd quarter valued at $11,780,000.

Bright Horizons Family Solutions Price Performance

BFAM stock traded up $1.85 during trading on Tuesday, hitting $121.87. The company had a trading volume of 247,224 shares, compared to its average volume of 361,114. The firm has a market capitalization of $7.09 billion, a price-to-earnings ratio of 61.24 and a beta of 1.44. 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 has a 50 day moving average of $113.12 and a 200 day moving average of $124.33. Bright Horizons Family Solutions has a fifty-two week low of $94.83 and a fifty-two week high of $141.90.

Bright Horizons Family Solutions (NYSE:BFAM - Get Free Report) 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 net margin of 4.44% and a return on equity of 13.23%. The business had revenue of $719.00 million during the quarter, compared to analysts' expectations of $713.16 million. During the same period last year, the firm posted $0.78 earnings per share. The business's revenue was up 11.3% on a year-over-year basis. As a group, research analysts predict that Bright Horizons Family Solutions will post 3.01 earnings per share for the current year.

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.