Bright Horizons Family Solutions (NYSE:BFAM) Upgraded to Outperform at Robert W. Baird

Robert W. Baird upgraded shares of Bright Horizons Family Solutions (NYSE:BFAM) from a neutral rating to an outperform rating in a report released on Friday, MarketBeat reports. The brokerage currently has $140.00 price target on the stock.

Several other brokerages have also recently commented on BFAM. Deutsche Bank Aktiengesellschaft upped their target price on Bright Horizons Family Solutions from $114.00 to $140.00 and gave the company a “hold” rating in a report on Friday, August 2nd. UBS Group upped their price objective on shares of Bright Horizons Family Solutions from $145.00 to $148.00 and gave the company a “neutral” rating in a research note on Tuesday, November 5th. Barclays lifted their target price on shares of Bright Horizons Family Solutions from $125.00 to $160.00 and gave the stock an “overweight” rating in a research note on Friday, August 30th. JPMorgan Chase & Co. upped their price target on shares of 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, BMO Capital Markets raised Bright Horizons Family Solutions from a “market perform” rating to an “outperform” rating and lowered their price objective for the stock from $137.00 to $125.00 in a research report on Monday, November 18th. One analyst has rated the stock with a sell rating, three have issued a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $141.50.

Bright Horizons Family Solutions Stock Up 1.4 %

NYSE:BFAM opened at $114.61 on Friday. 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 one year low of $86.79 and a one year high of $141.90. The firm’s 50 day simple moving average is $128.51 and its 200 day simple moving average is $122.57. The company has a market cap of $6.67 billion, a PE ratio of 57.58 and a beta of 1.49.

Bright Horizons Family Solutions (NYSE:BFAM) last announced its 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 business had revenue of $719.00 million during the quarter, compared to analyst estimates of $713.16 million. Bright Horizons Family Solutions had a return on equity of 13.23% and a net margin of 4.44%. Bright Horizons Family Solutions’s revenue for the quarter was up 11.3% compared to the same quarter last year. During the same period last year, the company earned $0.78 EPS. On average, research analysts anticipate that Bright Horizons Family Solutions will post 3 earnings per share for the current year.

Insider Transactions at Bright Horizons Family Solutions

In other news, COO Mary Lou Burke sold 800 shares of the business’s stock in a transaction that occurred on Monday, October 7th. The stock was sold at an average price of $136.94, for a total transaction of $109,552.00. Following the completion of the sale, the chief operating officer now 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 transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 1.22% of the company’s stock.

Institutional Trading of Bright Horizons Family Solutions

Several hedge funds have recently bought and sold shares of the business. Raleigh Capital Management Inc. acquired a new position in Bright Horizons Family Solutions during the third quarter worth $29,000. V Square Quantitative Management LLC acquired a new stake in shares of Bright Horizons Family Solutions in the 3rd quarter worth about $35,000. Whittier Trust Co. of Nevada Inc. lifted its position in Bright Horizons Family Solutions by 850.0% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 342 shares of the company’s stock valued at $38,000 after acquiring an additional 306 shares in the last quarter. Daiwa Securities Group Inc. lifted its position in Bright Horizons Family Solutions by 73.3% in the 2nd 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. Finally, Quarry LP boosted its stake in Bright Horizons Family Solutions by 68.3% during the 2nd quarter. Quarry LP now owns 436 shares of the company’s stock valued at $48,000 after purchasing an additional 177 shares during the last quarter.

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.