Bright Horizons Family Solutions Inc. (NYSE:BFAM) Given Consensus Recommendation of “Buy” by Brokerages
Bright Horizons Family Solutions Inc. (NYSE:BFAM) has been given an average rating of “Buy” by the nine ratings firms that are currently covering the company. Three investment analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $73.17.
Several equities analysts recently issued reports on BFAM shares. Credit Suisse Group AG reissued a “buy” rating and set a $74.00 target price on shares of Bright Horizons Family Solutions in a research note on Friday, September 16th. Zacks Investment Research raised Bright Horizons Family Solutions from a “sell” rating to a “hold” rating in a research note on Monday, August 8th. Jefferies Group raised Bright Horizons Family Solutions from a “neutral” rating to an “overweight” rating and set a $76.00 target price on the stock in a research note on Monday, August 15th. Finally, JPMorgan Chase & Co. raised Bright Horizons Family Solutions from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $70.00 to $76.00 in a research note on Monday, August 15th.
Bright Horizons Family Solutions (NYSE:BFAM) traded up 1.04% during trading on Monday, reaching $65.99. The company’s stock had a trading volume of 42,839 shares. The stock has a market capitalization of $3.89 billion, a PE ratio of 40.96 and a beta of 0.15. Bright Horizons Family Solutions has a 1-year low of $59.85 and a 1-year high of $70.59. The stock has a 50 day moving average price of $67.68 and a 200 day moving average price of $66.08.
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Bright Horizons Family Solutions (NYSE:BFAM) last posted its earnings results on Wednesday, August 3rd. The company reported $0.61 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.61. Bright Horizons Family Solutions had a return on equity of 16.43% and a net margin of 6.53%. The firm had revenue of $402 million for the quarter, compared to analyst estimates of $403.09 million. During the same quarter in the prior year, the company earned $0.53 EPS. Bright Horizons Family Solutions’s revenue was up 8.5% on a year-over-year basis. Analysts anticipate that Bright Horizons Family Solutions will post $2.19 earnings per share for the current fiscal year.
In other news, President Stephen Howard Kramer sold 6,667 shares of the stock in a transaction dated Tuesday, August 23rd. The stock was sold at an average price of $69.30, for a total value of $462,023.10. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CAO Mandy Berman sold 2,250 shares of the stock in a transaction dated Thursday, September 15th. The shares were sold at an average price of $67.02, for a total value of $150,795.00. Following the completion of the transaction, the chief accounting officer now owns 43,325 shares in the company, valued at approximately $2,903,641.50. The disclosure for this sale can be found here. 4.00% of the stock is owned by insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. BNP Paribas Arbitrage SA increased its position in Bright Horizons Family Solutions by 6,110.7% in the second quarter. BNP Paribas Arbitrage SA now owns 1,739 shares of the company’s stock worth $115,000 after buying an additional 1,711 shares in the last quarter. Invictus RG increased its position in Bright Horizons Family Solutions by 655.6% in the first quarter. Invictus RG now owns 1,821 shares of the company’s stock worth $118,000 after buying an additional 1,580 shares in the last quarter. Glenmede Trust Co. NA purchased a new position in Bright Horizons Family Solutions during the second quarter worth about $131,000. Tower Research Capital LLC TRC purchased a new position in Bright Horizons Family Solutions during the second quarter worth about $132,000. Finally, BlackRock Inc. increased its position in Bright Horizons Family Solutions by 128.7% in the first quarter. BlackRock Inc. now owns 2,484 shares of the company’s stock worth $161,000 after buying an additional 1,398 shares in the last quarter.
Bright Horizons Family Solutions Company Profile
Bright Horizons Family Solutions Inc is a provider of child care, early education and other services. The Company provides services under multi-year contracts with employers offering child care and other dependent care solutions. The Company’s segments include full service center-based care services, back-up dependent care services and other educational advisory services.
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