Bright Horizons Family Solutions Inc (BFAM) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of Bright Horizons Family Solutions Inc (NYSE:BFAM) have earned a consensus rating of “Hold” from the nine analysts that are covering the stock, Marketbeat Ratings reports. Five research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1 year target price among brokers that have covered the stock in the last year is $100.50.

A number of brokerages have commented on BFAM. Credit Suisse Group lifted their price target on Bright Horizons Family Solutions from $90.00 to $98.00 and gave the stock a “neutral” rating in a research note on Friday. BMO Capital Markets reaffirmed a “hold” rating and issued a $98.00 price target on shares of Bright Horizons Family Solutions in a research note on Wednesday, January 17th. Robert W. Baird reaffirmed a “hold” rating on shares of Bright Horizons Family Solutions in a research note on Friday, November 3rd. Citigroup lifted their price target on Bright Horizons Family Solutions to $107.00 and gave the stock a “buy” rating in a research note on Monday. Finally, Zacks Investment Research raised Bright Horizons Family Solutions from a “hold” rating to a “buy” rating and set a $100.00 target price on the stock in a research note on Tuesday, November 7th.

Shares of Bright Horizons Family Solutions (BFAM) traded up $2.08 during trading on Tuesday, reaching $95.16. The company’s stock had a trading volume of 348,909 shares, compared to its average volume of 211,974. The company has a quick ratio of 0.49, a current ratio of 0.49 and a debt-to-equity ratio of 1.35. The stock has a market cap of $5,549.53, a PE ratio of 36.74, a P/E/G ratio of 2.09 and a beta of 0.15. Bright Horizons Family Solutions has a 1-year low of $67.57 and a 1-year high of $98.84.

Bright Horizons Family Solutions (NYSE:BFAM) last announced its quarterly earnings results on Thursday, February 8th. The company reported $0.73 EPS for the quarter, topping the Zacks’ consensus estimate of $0.69 by $0.04. The business had revenue of $440.00 million for the quarter, compared to analysts’ expectations of $438.99 million. Bright Horizons Family Solutions had a return on equity of 20.75% and a net margin of 9.02%. The business’s quarterly revenue was up 10.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.56 EPS. sell-side analysts forecast that Bright Horizons Family Solutions will post 2.99 earnings per share for the current year.

In related news, Director Linda A. Mason sold 10,034 shares of the company’s stock in a transaction on Wednesday, January 24th. The stock was sold at an average price of $98.30, for a total value of $986,342.20. Following the sale, the director now directly owns 10,552 shares of the company’s stock, valued at $1,037,261.60. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Linda A. Mason sold 7,718 shares of the company’s stock in a transaction on Friday, December 29th. The stock was sold at an average price of $94.15, for a total value of $726,649.70. The disclosure for this sale can be found here. Insiders have sold 41,348 shares of company stock worth $3,953,265 over the last three months. Insiders own 2.90% of the company’s stock.

A number of hedge funds have recently modified their holdings of the stock. 1st Global Advisors Inc. grew its stake in Bright Horizons Family Solutions by 1.1% in the second quarter. 1st Global Advisors Inc. now owns 7,187 shares of the company’s stock worth $555,000 after purchasing an additional 75 shares during the period. HighTower Advisors LLC grew its stake in Bright Horizons Family Solutions by 8.6% in the second quarter. HighTower Advisors LLC now owns 3,736 shares of the company’s stock worth $289,000 after purchasing an additional 295 shares during the period. Parametric Portfolio Associates LLC grew its stake in Bright Horizons Family Solutions by 0.6% in the second quarter. Parametric Portfolio Associates LLC now owns 102,173 shares of the company’s stock worth $7,889,000 after purchasing an additional 631 shares during the period. Granahan Investment Management Inc. MA grew its stake in Bright Horizons Family Solutions by 0.5% in the third quarter. Granahan Investment Management Inc. MA now owns 167,148 shares of the company’s stock worth $14,410,000 after purchasing an additional 750 shares during the period. Finally, State of Wisconsin Investment Board grew its stake in Bright Horizons Family Solutions by 0.7% in the fourth quarter. State of Wisconsin Investment Board now owns 105,746 shares of the company’s stock worth $9,940,000 after purchasing an additional 755 shares during the period. 98.05% of the stock is currently owned by institutional investors.

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About Bright Horizons Family Solutions

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 as part of their employee benefits packages. Its segments include full service center-based care services, back-up dependent care services and other educational advisory services.

Analyst Recommendations for Bright Horizons Family Solutions (NYSE:BFAM)

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