Bright Horizons Family Solutions Inc. (NYSE:BFAM) Given Average Rating of “Hold” by Analysts

Shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM) have received a consensus rating of “Hold” from the eight brokerages that are covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and three have issued a buy recommendation on the company. The average 1 year target price among brokerages that have covered the stock in the last year is $102.38.

BFAM has been the topic of several analyst reports. The Goldman Sachs Group increased their price target on shares of Bright Horizons Family Solutions from $108.00 to $123.00 and gave the stock a “buy” rating in a research report on Wednesday, April 10th. UBS Group decreased their target price on Bright Horizons Family Solutions from $103.00 to $102.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 14th. StockNews.com cut shares of Bright Horizons Family Solutions from a “hold” rating to a “sell” rating in a report on Wednesday, February 21st. Barclays upgraded shares of Bright Horizons Family Solutions from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $100.00 to $125.00 in a research note on Wednesday, February 28th. Finally, BMO Capital Markets upped their price objective on shares of Bright Horizons Family Solutions from $90.00 to $92.00 and gave the stock a “market perform” rating in a research report on Thursday, February 15th.

Bright Horizons Family Solutions Stock Performance

NYSE:BFAM opened at $106.68 on Friday. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.56 and a current ratio of 0.56. Bright Horizons Family Solutions has a fifty-two week low of $71.65 and a fifty-two week high of $119.21. The company has a market cap of $6.18 billion, a price-to-earnings ratio of 84.00, a PEG ratio of 4.09 and a beta of 1.37. The stock has a fifty day moving average price of $111.31 and a 200-day moving average price of $97.84.

Bright Horizons Family Solutions (NYSE:BFAM) last posted its quarterly earnings data on Tuesday, February 13th. The company reported $0.74 earnings per share for the quarter, topping the consensus estimate of $0.62 by $0.12. The business had revenue of $615.65 million during the quarter, compared to analysts’ expectations of $588.63 million. Bright Horizons Family Solutions had a net margin of 3.07% and a return on equity of 12.24%. As a group, equities analysts anticipate that Bright Horizons Family Solutions will post 2.69 EPS for the current fiscal year.

Insider Activity at Bright Horizons Family Solutions

In other Bright Horizons Family Solutions news, CFO Elizabeth J. Boland sold 15,640 shares of the company’s stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $113.77, for a total value of $1,779,362.80. Following the completion of the transaction, the chief financial officer now directly owns 89,983 shares in the company, valued at approximately $10,237,365.91. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, COO Mary Lou Burke sold 1,500 shares of the firm’s stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $105.00, for a total transaction of $157,500.00. Following the completion of the transaction, the chief operating officer now directly owns 37,253 shares in the company, valued at $3,911,565. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Elizabeth J. Boland sold 15,640 shares of Bright Horizons Family Solutions stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $113.77, for a total value of $1,779,362.80. Following the completion of the transaction, the chief financial officer now directly owns 89,983 shares in the company, valued at $10,237,365.91. The disclosure for this sale can be found here. Insiders sold a total of 17,740 shares of company stock worth $1,996,191 in the last quarter. 1.28% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in BFAM. Xponance Inc. raised its stake in Bright Horizons Family Solutions by 18.7% during the third quarter. Xponance Inc. now owns 3,238 shares of the company’s stock worth $264,000 after buying an additional 510 shares during the last quarter. Raymond James & Associates boosted its position in shares of Bright Horizons Family Solutions by 2.8% during the 3rd quarter. Raymond James & Associates now owns 458,351 shares of the company’s stock valued at $37,337,000 after purchasing an additional 12,292 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Bright Horizons Family Solutions by 15.1% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,861 shares of the company’s stock worth $885,000 after purchasing an additional 1,424 shares during the period. Mackenzie Financial Corp increased its holdings in Bright Horizons Family Solutions by 1.2% in the third quarter. Mackenzie Financial Corp now owns 744,618 shares of the company’s stock worth $60,344,000 after purchasing an additional 9,124 shares in the last quarter. Finally, Strs Ohio acquired a new position in Bright Horizons Family Solutions in the third quarter valued at approximately $1,092,000.

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.