Bright Horizons Family Solutions (BFAM) Stock Rating Upgraded by ValuEngine

ValuEngine upgraded shares of Bright Horizons Family Solutions (NYSE:BFAM) from a hold rating to a buy rating in a report issued on Monday morning.

BFAM has been the subject of a number of other research reports. Goldman Sachs started coverage on Bright Horizons Family Solutions in a research report on Tuesday, March 27th. They set a neutral rating and a $104.00 price objective for the company. Credit Suisse Group raised their price objective on Bright Horizons Family Solutions from $90.00 to $98.00 and gave the company a neutral rating in a research report on Friday, February 9th. Macquarie started coverage on Bright Horizons Family Solutions in a research report on Thursday, December 21st. They set a neutral rating and a $95.00 price objective for the company. Royal Bank of Canada raised their price objective on Bright Horizons Family Solutions to $98.00 and gave the company an outperform rating in a research report on Friday, January 19th. They noted that the move was a valuation call. Finally, Barclays restated a buy rating and set a $105.00 price objective on shares of Bright Horizons Family Solutions in a research report on Wednesday, December 27th. Six analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock currently has an average rating of Hold and a consensus price target of $101.67.

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NYSE:BFAM traded down $0.28 on Monday, reaching $98.82. 7,183 shares of the company’s stock traded hands, compared to its average volume of 261,287. The company has a quick ratio of 0.42, a current ratio of 0.42 and a debt-to-equity ratio of 1.40. The stock has a market cap of $5,713.70, a PE ratio of 38.86, a P/E/G ratio of 2.22 and a beta of 0.07. Bright Horizons Family Solutions has a 12 month low of $70.79 and a 12 month high of $105.04.

Bright Horizons Family Solutions (NYSE:BFAM) last issued its quarterly earnings data on Thursday, February 8th. The company reported $0.73 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.69 by $0.04. The firm had revenue of $440.00 million during the quarter, compared to analyst estimates of $438.99 million. Bright Horizons Family Solutions had a return on equity of 20.69% and a net margin of 9.02%. The business’s quarterly revenue was up 10.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.56 earnings per share. sell-side analysts anticipate that Bright Horizons Family Solutions will post 2.93 earnings per share for the current fiscal year.

In related news, COO Mary Lou Burke sold 1,100 shares of Bright Horizons Family Solutions stock in a transaction dated Thursday, April 5th. The stock was sold at an average price of $97.78, for a total value of $107,558.00. Following the completion of the transaction, the chief operating officer now owns 30,946 shares in the company, valued at $3,025,899.88. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Mary Ann Tocio sold 3,600 shares of Bright Horizons Family Solutions stock in a transaction dated Tuesday, February 6th. The stock was sold at an average price of $93.16, for a total value of $335,376.00. Following the completion of the transaction, the director now owns 64,218 shares of the company’s stock, valued at approximately $5,982,548.88. The disclosure for this sale can be found here. In the last quarter, insiders sold 171,281 shares of company stock valued at $17,283,291. 2.90% of the stock is currently owned by company insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in BFAM. Atlantic Trust Group LLC bought a new stake in Bright Horizons Family Solutions in the third quarter worth about $59,732,000. Carillon Tower Advisers Inc. bought a new stake in Bright Horizons Family Solutions in the fourth quarter worth about $47,584,000. JPMorgan Chase & Co. lifted its stake in Bright Horizons Family Solutions by 44.8% in the third quarter. JPMorgan Chase & Co. now owns 1,002,318 shares of the company’s stock worth $85,938,000 after purchasing an additional 310,160 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in Bright Horizons Family Solutions by 25.5% in the fourth quarter. Goldman Sachs Group Inc. now owns 1,251,082 shares of the company’s stock worth $117,602,000 after purchasing an additional 254,336 shares during the last quarter. Finally, Alliancebernstein L.P. lifted its stake in Bright Horizons Family Solutions by 9.1% in the fourth quarter. Alliancebernstein L.P. now owns 2,176,000 shares of the company’s stock worth $204,544,000 after purchasing an additional 182,060 shares during the last quarter. 99.04% of the stock is owned by institutional investors and hedge funds.

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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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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

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