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

Bright Horizons Family Solutions Inc. (NYSE:BFAM) has been assigned a consensus recommendation of “Hold” from the eight ratings firms that are presently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month target price among analysts that have covered the stock in the last year is $126.4286.

Several analysts recently commented on BFAM shares. JPMorgan Chase & Co. increased their target price on shares of Bright Horizons Family Solutions from $156.00 to $160.00 and gave the company an “overweight” rating in a research note on Friday, October 31st. The Goldman Sachs Group dropped their price target on Bright Horizons Family Solutions from $146.00 to $130.00 and set a “buy” rating on the stock in a report on Friday, October 31st. Weiss Ratings reissued a “hold (c)” rating on shares of Bright Horizons Family Solutions in a research note on Monday, December 29th. BMO Capital Markets restated an “outperform” rating and issued a $124.00 target price on shares of Bright Horizons Family Solutions in a report on Friday, October 31st. Finally, Morgan Stanley reduced their target price on Bright Horizons Family Solutions from $99.00 to $93.00 and set an “underweight” rating for the company in a report on Wednesday, December 17th.

Bright Horizons Family Solutions Price Performance

Shares of NYSE BFAM opened at $85.96 on Friday. Bright Horizons Family Solutions has a twelve month low of $85.78 and a twelve month high of $132.99. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 0.52. The firm has a 50-day moving average of $98.42 and a two-hundred day moving average of $105.09. The company has a market capitalization of $4.86 billion, a price-to-earnings ratio of 24.70, a PEG ratio of 1.08 and a beta of 1.40.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Norges Bank acquired a new stake in shares of Bright Horizons Family Solutions during the second quarter valued at approximately $87,648,000. Conestoga Capital Advisors LLC grew its position in Bright Horizons Family Solutions by 171.0% during the 2nd quarter. Conestoga Capital Advisors LLC now owns 858,010 shares of the company’s stock worth $106,041,000 after purchasing an additional 541,440 shares in the last quarter. M&G PLC raised its stake in Bright Horizons Family Solutions by 246.4% during the 2nd quarter. M&G PLC now owns 690,022 shares of the company’s stock valued at $85,563,000 after purchasing an additional 490,814 shares during the period. Two Sigma Investments LP lifted its holdings in shares of Bright Horizons Family Solutions by 358.5% in the third quarter. Two Sigma Investments LP now owns 494,382 shares of the company’s stock valued at $53,675,000 after purchasing an additional 386,558 shares in the last quarter. Finally, Voloridge Investment Management LLC boosted its position in shares of Bright Horizons Family Solutions by 1,638.6% in the third quarter. Voloridge Investment Management LLC now owns 395,272 shares of the company’s stock worth $42,915,000 after buying an additional 372,537 shares during the period.

About Bright Horizons Family Solutions

Bright Horizons Family Solutions, Inc (NYSE: BFAM) is a leading provider of employer-sponsored child care and early education services, offering a range of solutions designed to support working families and organizations. Through a network of on-site, near-site and center-based programs, the company partners with corporate and nonprofit clients to deliver infant, toddler, preschool and school-age care. Services emphasize age-appropriate curriculum, developmental milestones and community engagement to ensure high-quality learning experiences.