Bright Horizons Family Solutions (NYSE:BFAM) Rating Increased to Outperform at BMO Capital Markets

BMO Capital Markets upgraded shares of Bright Horizons Family Solutions (NYSE:BFAM - Free Report) from a market perform rating to an outperform rating in a research note published on Monday morning, MarketBeat.com reports. BMO Capital Markets currently has $125.00 price objective on the stock, down from their prior price objective of $137.00.

Several other brokerages have also recently issued reports on BFAM. Morgan Stanley lifted their price objective on shares of Bright Horizons Family Solutions from $100.00 to $108.00 and gave the stock an "underweight" rating in a research note on Tuesday, November 5th. The Goldman Sachs Group boosted their price target on shares of Bright Horizons Family Solutions from $142.00 to $162.00 and gave the company a "buy" rating in a report on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft upped their target price on Bright Horizons Family Solutions from $114.00 to $140.00 and gave the stock a "hold" rating in a research report on Friday, August 2nd. UBS Group raised their price target on shares of Bright Horizons Family Solutions from $145.00 to $148.00 and gave the stock a "neutral" rating in a research note on Tuesday, November 5th. Finally, Barclays raised their target price on Bright Horizons Family Solutions from $125.00 to $160.00 and gave the stock an "overweight" rating in a research report on Friday, August 30th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the stock. According to MarketBeat, Bright Horizons Family Solutions presently has a consensus rating of "Hold" and an average price target of $141.50.

Bright Horizons Family Solutions Trading Up 3.8 %

NYSE:BFAM traded up $4.00 on Monday, reaching $108.00. The stock had a trading volume of 730,496 shares, compared to its average volume of 383,614. The company has a market cap of $6.28 billion, a price-to-earnings ratio of 53.43 and a beta of 1.49. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.61 and a quick ratio of 0.56. Bright Horizons Family Solutions has a 12-month low of $86.79 and a 12-month high of $141.90. The firm's fifty day moving average is $131.45 and its two-hundred day moving average is $122.63.

Bright Horizons Family Solutions (NYSE:BFAM - Get Free Report) last announced its quarterly earnings data on Monday, November 4th. The company reported $1.11 earnings per share for the quarter, beating analysts' consensus estimates of $1.06 by $0.05. The business had revenue of $719.00 million during the quarter, compared to the consensus estimate 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 revenue for the quarter was up 11.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.78 EPS. Equities analysts expect that Bright Horizons Family Solutions will post 3 EPS for the current fiscal year.

Insider Buying and Selling

In other Bright Horizons Family Solutions news, COO Mary Lou Burke sold 800 shares of the business's stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $140.65, for a total transaction of $112,520.00. Following the completion of the sale, the chief operating officer now directly owns 31,825 shares of the company's stock, valued at approximately $4,476,186.25. The trade was a 2.45 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.22% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Bright Horizons Family Solutions

Hedge funds have recently bought and sold shares of the company. Geode Capital Management LLC lifted its holdings in shares of Bright Horizons Family Solutions by 0.8% during the 3rd quarter. Geode Capital Management LLC now owns 924,832 shares of the company's stock valued at $129,633,000 after purchasing an additional 7,597 shares in the last quarter. Barclays PLC boosted its holdings in shares of Bright Horizons Family Solutions by 24.6% in the third quarter. Barclays PLC now owns 19,215 shares of the company's stock valued at $2,693,000 after buying an additional 3,796 shares during the period. MML Investors Services LLC raised its holdings in shares of Bright Horizons Family Solutions by 17.3% during the third quarter. MML Investors Services LLC now owns 8,082 shares of the company's stock worth $1,133,000 after acquiring an additional 1,190 shares during the period. XTX Topco Ltd lifted its position in Bright Horizons Family Solutions by 11.4% in the 3rd quarter. XTX Topco Ltd now owns 6,103 shares of the company's stock valued at $855,000 after acquiring an additional 626 shares in the last quarter. Finally, Zacks Investment Management bought a new position in Bright Horizons Family Solutions during the 3rd quarter worth about $4,175,000.

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.