Bright Horizons Family Solutions Inc (NYSE:BFAM) Given Consensus Recommendation of “Buy” by Analysts

Bright Horizons Family Solutions Inc (NYSE:BFAM) has earned a consensus rating of “Buy” from the nine brokerages that are covering the company, MarketBeat reports. Three analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $136.57.

A number of equities analysts have commented on BFAM shares. BMO Capital Markets upgraded shares of Bright Horizons Family Solutions from a “market perform” rating to an “outperform” rating and upped their target price for the stock from $152.00 to $166.00 in a research note on Wednesday. ValuEngine downgraded shares of Bright Horizons Family Solutions from a “strong-buy” rating to a “buy” rating in a research note on Thursday, August 1st. Goldman Sachs Group upgraded shares of Bright Horizons Family Solutions from a “neutral” rating to a “buy” rating in a research note on Thursday, June 20th. Finally, Zacks Investment Research upgraded shares of Bright Horizons Family Solutions from a “hold” rating to a “buy” rating and set a $169.00 target price on the stock in a research note on Wednesday, August 7th.

In other news, EVP Stephen I. Dreier sold 2,768 shares of the stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $166.75, for a total transaction of $461,564.00. Following the transaction, the executive vice president now directly owns 41,023 shares in the company, valued at $6,840,585.25. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Stephen Howard Kramer sold 4,500 shares of the stock in a transaction that occurred on Tuesday, June 18th. The shares were sold at an average price of $139.96, for a total transaction of $629,820.00. Following the transaction, the chief executive officer now owns 90,425 shares in the company, valued at $12,655,883. The disclosure for this sale can be found here. Insiders sold a total of 71,327 shares of company stock worth $11,007,388 over the last 90 days. Insiders own 1.90% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in BFAM. Invesco Ltd. boosted its stake in shares of Bright Horizons Family Solutions by 144.6% during the second quarter. Invesco Ltd. now owns 1,262,277 shares of the company’s stock valued at $190,440,000 after purchasing an additional 746,259 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its position in Bright Horizons Family Solutions by 7.4% during the second quarter. Price T Rowe Associates Inc. MD now owns 7,522,558 shares of the company’s stock valued at $1,134,928,000 after acquiring an additional 519,883 shares during the last quarter. Nuveen Asset Management LLC purchased a new stake in Bright Horizons Family Solutions during the second quarter valued at approximately $53,692,000. Marshall Wace LLP lifted its position in Bright Horizons Family Solutions by 51.6% during the first quarter. Marshall Wace LLP now owns 705,514 shares of the company’s stock valued at $89,678,000 after acquiring an additional 240,178 shares during the last quarter. Finally, AJO LP lifted its position in Bright Horizons Family Solutions by 148.8% during the first quarter. AJO LP now owns 312,367 shares of the company’s stock valued at $39,705,000 after acquiring an additional 186,817 shares during the last quarter. Hedge funds and other institutional investors own 98.31% of the company’s stock.

NYSE:BFAM traded up $2.47 during mid-day trading on Thursday, hitting $154.05. 24,916 shares of the stock traded hands, compared to its average volume of 223,959. The stock has a market capitalization of $9.24 billion, a price-to-earnings ratio of 50.82, a PEG ratio of 4.62 and a beta of 0.29. Bright Horizons Family Solutions has a 52 week low of $105.15 and a 52 week high of $168.28. The firm’s 50 day moving average is $158.68 and its two-hundred day moving average is $140.80. The company has a quick ratio of 0.41, a current ratio of 0.41 and a debt-to-equity ratio of 1.18.

Bright Horizons Family Solutions (NYSE:BFAM) last issued its quarterly earnings results on Thursday, August 1st. The company reported $0.92 EPS for the quarter, meeting the consensus estimate of $0.92. The company had revenue of $528.06 million for the quarter, compared to the consensus estimate of $531.13 million. Bright Horizons Family Solutions had a net margin of 8.67% and a return on equity of 23.29%. The firm’s revenue was up 7.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.87 EPS. As a group, research analysts predict that Bright Horizons Family Solutions will post 3.4 EPS for the current year.

About Bright Horizons Family Solutions

Bright Horizons Family Solutions Inc provides child care and early education, back-up care, and educational advisory services for employers and families. The company operates through three segments: Full Service Center-Based Child Care, Back-Up Care, and Educational Advisory Services. The Full Service Center-Based Child Care segment offers traditional center-based child care, preschool, and elementary education services.

See Also: Net Margin

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

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