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

Bright Horizons Family Solutions Inc. (NYSE:BFAM) has been assigned a consensus recommendation of “Hold” from the eight research firms that are currently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $102.38.

A number of brokerages recently weighed in on BFAM. BMO Capital Markets increased their price objective on shares of Bright Horizons Family Solutions from $90.00 to $92.00 and gave the company a “market perform” rating in a research report on Thursday, February 15th. StockNews.com downgraded Bright Horizons Family Solutions from a “hold” rating to a “sell” rating in a research note on Wednesday, February 21st. UBS Group lowered their target price on Bright Horizons Family Solutions from $103.00 to $102.00 and set a “neutral” rating on the stock in a report on Wednesday, February 14th. Robert W. Baird boosted their price target on Bright Horizons Family Solutions from $94.00 to $105.00 and gave the company a “neutral” rating in a research note on Thursday, February 15th. Finally, The Goldman Sachs Group increased their price objective on shares of Bright Horizons Family Solutions from $108.00 to $123.00 and gave the stock a “buy” rating in a research note on Wednesday, April 10th.

Bright Horizons Family Solutions Stock Performance

Shares of BFAM opened at $106.68 on Friday. Bright Horizons Family Solutions has a 12 month low of $71.65 and a 12 month high of $119.21. The business’s fifty day simple moving average is $111.31 and its two-hundred day simple moving average is $97.84. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 0.78. The company has a market cap of $6.18 billion, a price-to-earnings ratio of 84.00, a P/E/G ratio of 4.09 and a beta of 1.37.

Bright Horizons Family Solutions (NYSE:BFAM) last released its quarterly earnings data on Tuesday, February 13th. The company reported $0.74 EPS for the quarter, topping the consensus estimate of $0.62 by $0.12. The company had revenue of $615.65 million during the quarter, compared to the consensus estimate of $588.63 million. Bright Horizons Family Solutions had a return on equity of 12.24% and a net margin of 3.07%. Research analysts anticipate that Bright Horizons Family Solutions will post 2.69 earnings per share for the current fiscal year.

Insider Activity at Bright Horizons Family Solutions

In related news, CFO Elizabeth J. Boland sold 15,640 shares of the business’s stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $113.77, for a total value of $1,779,362.80. Following the transaction, the chief financial officer now directly owns 89,983 shares of the company’s stock, valued at approximately $10,237,365.91. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, COO Mary Lou Burke sold 1,500 shares of the stock in a transaction dated Wednesday, February 14th. The shares were sold at an average price of $105.00, for a total value of $157,500.00. Following the completion of the transaction, the chief operating officer now owns 37,253 shares of the company’s stock, valued at approximately $3,911,565. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Elizabeth J. Boland sold 15,640 shares of Bright Horizons Family Solutions stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $113.77, for a total value of $1,779,362.80. Following the completion of the transaction, the chief financial officer now owns 89,983 shares of the company’s stock, valued at approximately $10,237,365.91. The disclosure for this sale can be found here. In the last quarter, insiders have sold 17,740 shares of company stock worth $1,996,191. 1.28% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Bright Horizons Family Solutions

Institutional investors have recently modified their holdings of the stock. Riverview Trust Co purchased a new stake in Bright Horizons Family Solutions during the 1st quarter valued at $25,000. Principal Securities Inc. purchased a new stake in shares of Bright Horizons Family Solutions in the fourth quarter valued at $38,000. YHB Investment Advisors Inc. purchased a new stake in shares of Bright Horizons Family Solutions in the first quarter valued at $40,000. Signaturefd LLC boosted its stake in shares of Bright Horizons Family Solutions by 102.2% during the 3rd quarter. Signaturefd LLC now owns 653 shares of the company’s stock worth $53,000 after purchasing an additional 330 shares during the period. Finally, Eagle Bay Advisors LLC boosted its stake in shares of Bright Horizons Family Solutions by 120.2% during the 4th quarter. Eagle Bay Advisors LLC now owns 1,240 shares of the company’s stock worth $117,000 after purchasing an additional 677 shares during the period.

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.