Bright Horizons Family Solutions (NYSE:BFAM) Upgraded by Baird R W to “Strong-Buy” Rating

Baird R W upgraded shares of Bright Horizons Family Solutions (NYSE:BFAM) from a hold rating to a strong-buy rating in a report published on Friday morning,Zacks.com reports.

A number of other research firms have also issued reports on BFAM. The Goldman Sachs Group upped their price target on Bright Horizons Family Solutions from $142.00 to $162.00 and gave the company a “buy” rating in a research report on Tuesday, November 5th. Morgan Stanley upped their target price on Bright Horizons Family Solutions from $100.00 to $108.00 and gave the company an “underweight” rating in a report on Tuesday, November 5th. BMO Capital Markets raised Bright Horizons Family Solutions from a “market perform” rating to an “outperform” rating and cut their target price for the stock from $137.00 to $125.00 in a research note on Monday, November 18th. UBS Group boosted their price target on shares of Bright Horizons Family Solutions from $145.00 to $148.00 and gave the company a “neutral” rating in a research report on Tuesday, November 5th. Finally, Barclays raised their price objective on shares of Bright Horizons Family Solutions from $125.00 to $160.00 and gave the stock an “overweight” rating in a research report on Friday, August 30th. One analyst has rated the stock with a sell rating, three have issued a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Bright Horizons Family Solutions presently has a consensus rating of “Moderate Buy” and an average price target of $141.50.

Bright Horizons Family Solutions Trading Up 1.8 %

Shares of BFAM stock opened at $113.08 on Friday. Bright Horizons Family Solutions has a fifty-two week low of $86.79 and a fifty-two week high of $141.90. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.61 and a current ratio of 0.61. The stock’s fifty day moving average is $128.51 and its two-hundred day moving average is $122.57. The firm has a market capitalization of $6.58 billion, a P/E ratio of 56.82 and a beta of 1.49.

Bright Horizons Family Solutions (NYSE:BFAM) last posted its quarterly earnings results on Monday, November 4th. The company reported $1.11 earnings per share for the quarter, topping analysts’ consensus estimates of $1.06 by $0.05. Bright Horizons Family Solutions had a net margin of 4.44% and a return on equity of 13.23%. The firm had revenue of $719.00 million for the quarter, compared to analyst estimates of $713.16 million. During the same period in the previous year, the business posted $0.78 earnings per share. Bright Horizons Family Solutions’s quarterly revenue was up 11.3% on a year-over-year basis. Research analysts expect that Bright Horizons Family Solutions will post 3 earnings per share for the current fiscal year.

Insider Buying and Selling at Bright Horizons Family Solutions

In related news, COO Mary Lou Burke sold 800 shares of the company’s stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $140.65, for a total transaction of $112,520.00. Following the sale, the chief operating officer now directly owns 31,825 shares in the company, valued at approximately $4,476,186.25. This represents a 2.45 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.22% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in BFAM. Raleigh Capital Management Inc. acquired a new position in shares of Bright Horizons Family Solutions during the 3rd quarter worth about $29,000. V Square Quantitative Management LLC purchased a new stake in Bright Horizons Family Solutions during the third quarter worth approximately $35,000. Whittier Trust Co. of Nevada Inc. boosted its holdings in Bright Horizons Family Solutions by 850.0% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 342 shares of the company’s stock valued at $38,000 after purchasing an additional 306 shares in the last quarter. Daiwa Securities Group Inc. increased its stake in Bright Horizons Family Solutions by 73.3% in the second quarter. Daiwa Securities Group Inc. now owns 390 shares of the company’s stock valued at $43,000 after purchasing an additional 165 shares during the last quarter. Finally, Quarry LP raised its holdings in Bright Horizons Family Solutions by 68.3% during the second quarter. Quarry LP now owns 436 shares of the company’s stock worth $48,000 after purchasing an additional 177 shares in the last quarter.

Bright Horizons Family Solutions Company Profile

Bright Horizons Family Solutions Inc provides early education and childcare, back-up care, educational advisory, and other workplace solutions services for employers and families in the United States, Puerto Rico, the United Kingdom, the Netherlands, Australia, and India. The company operates in three segments: Full Service Center-Based Child Care, Back-Up Care, and Educational Advisory and Other Services.