Bright Horizons Family Solutions Inc (BFAM) Given Average Rating of “Hold” by Brokerages

Bright Horizons Family Solutions Inc (NYSE:BFAM) has received a consensus rating of “Hold” from the nine brokerages that are currently covering the firm, MarketBeat Ratings reports. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $100.50.

BFAM has been the topic of a number of research reports. Citigroup upped their price objective on Bright Horizons Family Solutions from $92.00 to $100.00 and gave the company a “buy” rating in a report on Friday, November 3rd. Zacks Investment Research raised Bright Horizons Family Solutions from a “hold” rating to a “buy” rating and set a $100.00 price objective on the stock in a report on Tuesday, November 7th. Royal Bank of Canada reaffirmed a “buy” rating and issued a $89.00 price objective on shares of Bright Horizons Family Solutions in a report on Wednesday, December 20th. Barclays reaffirmed a “buy” rating and issued a $105.00 price objective on shares of Bright Horizons Family Solutions in a report on Wednesday, December 27th. Finally, BMO Capital Markets reaffirmed a “hold” rating and issued a $98.00 price objective on shares of Bright Horizons Family Solutions in a report on Wednesday, January 17th.

In related news, CEO Stephen Howard Kramer sold 2,962 shares of the company’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $96.00, for a total transaction of $284,352.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, 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 owns 10,552 shares of the company’s stock, valued at $1,037,261.60. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 44,310 shares of company stock valued at $4,237,617. Corporate insiders own 2.90% of the company’s stock.

Hedge funds have recently made changes to their positions in the stock. American International Group Inc. bought a new stake in shares of Bright Horizons Family Solutions during the 4th quarter worth $120,000. Advisor Group Inc. lifted its position in shares of Bright Horizons Family Solutions by 213.6% during the 2nd quarter. Advisor Group Inc. now owns 1,988 shares of the company’s stock worth $152,000 after buying an additional 1,354 shares during the last quarter. We Are One Seven LLC bought a new stake in shares of Bright Horizons Family Solutions during the 4th quarter worth $167,000. Zions Bancorporation bought a new stake in shares of Bright Horizons Family Solutions during the 3rd quarter worth $170,000. Finally, Eagle Boston Investment Management Inc. bought a new stake in shares of Bright Horizons Family Solutions during the 4th quarter worth $205,000. Institutional investors and hedge funds own 98.05% of the company’s stock.

Shares of Bright Horizons Family Solutions (BFAM) traded up $1.35 during midday trading on Tuesday, reaching $97.35. The company’s stock had a trading volume of 166,954 shares, compared to its average volume of 224,068. The company has a current ratio of 0.49, a quick ratio of 0.49 and a debt-to-equity ratio of 1.35. Bright Horizons Family Solutions has a 52-week low of $68.11 and a 52-week high of $98.84. The firm has a market cap of $5,774.31, a price-to-earnings ratio of 37.59, a price-to-earnings-growth ratio of 2.22 and a beta of 0.15.

Bright Horizons Family Solutions (NYSE:BFAM) last issued its quarterly earnings data on Thursday, February 8th. The company reported $0.73 EPS for the quarter, beating analysts’ consensus estimates of $0.69 by $0.04. Bright Horizons Family Solutions had a return on equity of 20.75% and a net margin of 9.02%. The firm had revenue of $440.00 million for the quarter, compared to analyst estimates of $438.99 million. During the same period in the prior year, the firm posted $0.56 EPS. The company’s revenue for the quarter was up 10.4% on a year-over-year basis. research analysts expect that Bright Horizons Family Solutions will post 2.93 EPS for the current year.

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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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