Bright Horizons Family Solutions Inc. (NYSE:BFAM) Given Average Recommendation of “Moderate Buy” by Analysts

Bright Horizons Family Solutions Inc. (NYSE:BFAM) has received an average rating of “Moderate Buy” from the eight ratings firms that are currently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation, three have issued a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $128.2857.

A number of analysts have recently issued reports on BFAM shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Bright Horizons Family Solutions in a report on Monday. JPMorgan Chase & Co. raised their price target on Bright Horizons Family Solutions from $156.00 to $160.00 and gave the company an “overweight” rating in a research report on Friday, October 31st. The Goldman Sachs Group cut their price objective on Bright Horizons Family Solutions from $146.00 to $130.00 and set a “buy” rating for the company in a report on Friday, October 31st. BMO Capital Markets reiterated an “outperform” rating and set a $124.00 price objective on shares of Bright Horizons Family Solutions in a research report on Friday, October 31st. Finally, UBS Group raised their price objective on Bright Horizons Family Solutions from $112.00 to $120.00 and gave the company a “neutral” rating in a report on Friday, October 31st.

Insider Buying and Selling at Bright Horizons Family Solutions

In other news, COO Mary Lou Burke sold 1,000 shares of the business’s stock in a transaction that occurred on Wednesday, October 1st. The shares were sold at an average price of $108.52, for a total value of $108,520.00. Following the completion of the sale, the chief operating officer directly owned 26,449 shares in the company, valued at approximately $2,870,245.48. The trade was a 3.64% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 1.21% of the company’s stock.

Hedge Funds Weigh In On Bright Horizons Family Solutions

Large investors have recently added to or reduced their stakes in the business. Norges Bank bought a new stake in Bright Horizons Family Solutions in the second quarter worth $87,648,000. Conestoga Capital Advisors LLC increased its holdings in shares of Bright Horizons Family Solutions by 171.0% in the second quarter. Conestoga Capital Advisors LLC now owns 858,010 shares of the company’s stock worth $106,041,000 after buying an additional 541,440 shares during the period. M&G PLC lifted its stake in shares of Bright Horizons Family Solutions by 246.4% in the 2nd quarter. M&G PLC now owns 690,022 shares of the company’s stock valued at $85,563,000 after acquiring an additional 490,814 shares during the last quarter. Two Sigma Investments LP boosted its holdings in Bright Horizons Family Solutions by 358.5% during the 3rd quarter. Two Sigma Investments LP now owns 494,382 shares of the company’s stock valued at $53,675,000 after acquiring an additional 386,558 shares during the period. Finally, Voloridge Investment Management LLC boosted its holdings in Bright Horizons Family Solutions by 1,638.6% during the 3rd quarter. Voloridge Investment Management LLC now owns 395,272 shares of the company’s stock valued at $42,915,000 after acquiring an additional 372,537 shares during the period.

Bright Horizons Family Solutions Stock Performance

NYSE:BFAM opened at $103.47 on Friday. The stock has a market cap of $5.85 billion, a P/E ratio of 29.73, a PEG ratio of 1.43 and a beta of 1.41. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 0.52. The business’s 50-day moving average price is $100.60 and its two-hundred day moving average price is $111.14. Bright Horizons Family Solutions has a twelve month low of $91.49 and a twelve month high of $132.99.

Bright Horizons Family Solutions (NYSE:BFAM) last announced its earnings results on Thursday, October 30th. The company reported $1.57 earnings per share for the quarter, beating analysts’ consensus estimates of $1.32 by $0.25. Bright Horizons Family Solutions had a net margin of 6.98% and a return on equity of 17.07%. The business had revenue of $802.81 million for the quarter, compared to the consensus estimate of $781.16 million. During the same period last year, the firm posted $1.11 earnings per share. Bright Horizons Family Solutions’s quarterly revenue was up 11.6% on a year-over-year basis. Bright Horizons Family Solutions has set its FY 2025 guidance at 4.480-4.530 EPS. As a group, equities analysts predict that Bright Horizons Family Solutions will post 3.61 EPS for the current fiscal year.

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.