Bright Horizons Family Solutions Inc. (NYSE:BFAM) Receives Average Rating of “Hold” from Brokerages

Shares of Bright Horizons Family Solutions Inc. (NYSE:BFAMGet Rating) have earned an average rating of “Hold” from the ten ratings firms that are presently covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating on the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $141.75.

A number of brokerages have recently issued reports on BFAM. BMO Capital Markets dropped their target price on shares of Bright Horizons Family Solutions from $148.00 to $126.00 in a report on Wednesday, May 4th. Robert W. Baird lowered their target price on shares of Bright Horizons Family Solutions from $140.00 to $115.00 in a report on Wednesday, May 4th. StockNews.com assumed coverage on shares of Bright Horizons Family Solutions in a research report on Thursday, March 31st. They set a “hold” rating on the stock. Zacks Investment Research lowered shares of Bright Horizons Family Solutions from a “hold” rating to a “sell” rating in a research report on Friday, May 6th. Finally, Deutsche Bank Aktiengesellschaft started coverage on shares of Bright Horizons Family Solutions in a research report on Tuesday, March 29th. They issued a “hold” rating and a $114.00 target price on the stock.

Shares of Bright Horizons Family Solutions stock opened at $82.61 on Friday. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.87 and a current ratio of 0.87. Bright Horizons Family Solutions has a 52 week low of $76.21 and a 52 week high of $171.91. The firm has a fifty day moving average of $123.38 and a two-hundred day moving average of $127.58. The stock has a market capitalization of $4.91 billion, a price-to-earnings ratio of 60.30 and a beta of 0.97.

Bright Horizons Family Solutions (NYSE:BFAMGet Rating) last announced its earnings results on Tuesday, May 3rd. The company reported $0.47 earnings per share for the quarter, topping analysts’ consensus estimates of $0.42 by $0.05. The firm had revenue of $460.41 million during the quarter, compared to analyst estimates of $480.14 million. Bright Horizons Family Solutions had a net margin of 4.53% and a return on equity of 9.48%. The company’s revenue for the quarter was up 17.8% compared to the same quarter last year. During the same period in the prior year, the business earned $0.16 EPS. As a group, research analysts forecast that Bright Horizons Family Solutions will post 2.79 EPS for the current fiscal year.

Several large investors have recently bought and sold shares of the company. Verition Fund Management LLC bought a new stake in Bright Horizons Family Solutions during the 1st quarter valued at about $430,000. Charles Schwab Investment Management Inc. boosted its holdings in shares of Bright Horizons Family Solutions by 3.6% in the first quarter. Charles Schwab Investment Management Inc. now owns 387,694 shares of the company’s stock worth $51,444,000 after buying an additional 13,350 shares during the last quarter. Durable Capital Partners LP boosted its holdings in shares of Bright Horizons Family Solutions by 97.2% in the first quarter. Durable Capital Partners LP now owns 100,748 shares of the company’s stock worth $13,368,000 after buying an additional 49,662 shares during the last quarter. Royal London Asset Management Ltd. lifted its holdings in Bright Horizons Family Solutions by 2.5% during the first quarter. Royal London Asset Management Ltd. now owns 120,505 shares of the company’s stock valued at $15,990,000 after purchasing an additional 2,960 shares in the last quarter. Finally, Prudential Financial Inc. lifted its holdings in Bright Horizons Family Solutions by 4.4% during the first quarter. Prudential Financial Inc. now owns 3,857 shares of the company’s stock valued at $512,000 after purchasing an additional 161 shares in the last quarter. 98.60% of the stock is owned by hedge funds and other institutional investors.

About Bright Horizons Family Solutions (Get Rating)

Bright Horizons Family Solutions Inc provides early education and child care, back-up care, educational advisory, and other workplace solutions services for employers and families. The company operates through three segments: Full Service Center-Based Child Care, Back-Up Care, and Educational Advisory and Other Services.

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

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