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

Shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM – Get Rating) have received a consensus recommendation of “Hold” from the nine ratings firms that are covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company. The average 12 month target price among analysts that have covered the stock in the last year is $77.57.

Several equities research analysts recently weighed in on the company. Barclays cut Bright Horizons Family Solutions from an “overweight” rating to an “equal weight” rating and set a $75.00 target price for the company. in a report on Friday, December 2nd. TheStreet upgraded Bright Horizons Family Solutions from a “d+” rating to a “c-” rating in a report on Monday, January 30th. StockNews.com began coverage on Bright Horizons Family Solutions in a report on Thursday. They issued a “sell” rating for the company. The Goldman Sachs Group dropped their price objective on Bright Horizons Family Solutions from $94.00 to $82.00 and set a “buy” rating for the company in a report on Friday, February 17th. Finally, BMO Capital Markets dropped their price objective on Bright Horizons Family Solutions from $84.00 to $81.00 and set an “outperform” rating for the company in a report on Tuesday, February 21st.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Eagle Bay Advisors LLC bought a new position in shares of Bright Horizons Family Solutions in the 2nd quarter worth approximately $26,000. Global Retirement Partners LLC raised its position in shares of Bright Horizons Family Solutions by 52.3% in the 3rd quarter. Global Retirement Partners LLC now owns 498 shares of the company’s stock worth $33,000 after acquiring an additional 171 shares in the last quarter. First Horizon Advisors Inc. increased its position in Bright Horizons Family Solutions by 93.8% during the 4th quarter. First Horizon Advisors Inc. now owns 624 shares of the company’s stock valued at $39,000 after buying an additional 302 shares in the last quarter. Dark Forest Capital Management LP bought a new position in Bright Horizons Family Solutions during the 4th quarter valued at approximately $71,000. Finally, Tower Research Capital LLC TRC increased its position in Bright Horizons Family Solutions by 159.2% during the 3rd quarter. Tower Research Capital LLC TRC now owns 1,454 shares of the company’s stock valued at $84,000 after buying an additional 893 shares in the last quarter.

Bright Horizons Family Solutions Trading Down 0.3 %

Shares of BFAM stock opened at $78.95 on Thursday. The stock has a market capitalization of $4.56 billion, a PE ratio of 57.63 and a beta of 1.21. Bright Horizons Family Solutions has a 1-year low of $54.19 and a 1-year high of $140.02. The business has a 50-day moving average of $77.22 and a 200 day moving average of $69.36. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.44 and a quick ratio of 0.44.

Bright Horizons Family Solutions Company Profile

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Bright Horizons Family Solutions, Inc engages in the provision of child care and early education, dependent care, and workforce education services. It operates through the following segments: Full-Service Center-Based Child Care, Back-Up Care Services, Educational Advisory and Other Services. The Full-Service Center-Based Child Care segment consists of traditional center-based child care and early education, preschool, and elementary education.