Robert W. Baird Upgrades Bright Horizons Family Solutions (NYSE:BFAM) to “Outperform”

Bright Horizons Family Solutions (NYSE:BFAM) was upgraded by analysts at Robert W. Baird from a “neutral” rating to an “outperform” rating in a research report issued on Friday, Marketbeat Ratings reports. The firm presently has a $140.00 price target on the stock. Robert W. Baird’s price objective would suggest a potential upside of 23.81% from the company’s previous close.

Several other brokerages have also recently issued reports on BFAM. JPMorgan Chase & Co. increased their target price on shares of Bright Horizons Family Solutions from $137.00 to $149.00 and gave the stock an “overweight” rating in a report on Tuesday, November 5th. Barclays lifted their price objective on shares of Bright Horizons Family Solutions from $125.00 to $160.00 and gave the company an “overweight” rating in a report on Friday, August 30th. UBS Group upped their target price on Bright Horizons Family Solutions from $145.00 to $148.00 and gave the stock a “neutral” rating in a report on Tuesday, November 5th. The Goldman Sachs Group lifted their price target on Bright Horizons Family Solutions from $142.00 to $162.00 and gave the company a “buy” rating in a report on Tuesday, November 5th. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on Bright Horizons Family Solutions from $114.00 to $140.00 and gave the stock a “hold” rating in a research note on Friday, August 2nd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Bright Horizons Family Solutions has an average rating of “Moderate Buy” and an average target price of $141.50.

Bright Horizons Family Solutions Stock Up 1.8 %

Shares of NYSE BFAM opened at $113.08 on Friday. Bright Horizons Family Solutions has a 1 year low of $86.79 and a 1 year high of $141.90. The firm has a 50-day simple moving average of $128.51 and a two-hundred day simple moving average of $122.45. The company has a market cap of $6.58 billion, a P/E ratio of 56.82 and a beta of 1.49. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.61 and a quick ratio of 0.61.

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

Insider Activity at Bright Horizons Family Solutions

In related news, COO Mary Lou Burke sold 800 shares of the company’s stock in a transaction on Monday, October 7th. The stock was sold at an average price of $136.94, for a total value of $109,552.00. Following the transaction, the chief operating officer now directly owns 31,025 shares of the company’s stock, valued at $4,248,563.50. This represents a 2.51 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.22% of the stock is currently owned by insiders.

Institutional Trading of Bright Horizons Family Solutions

Several large investors have recently added to or reduced their stakes in BFAM. Massachusetts Financial Services Co. MA lifted its holdings in shares of Bright Horizons Family Solutions by 15.4% during the third quarter. Massachusetts Financial Services Co. MA now owns 3,181,050 shares of the company’s stock worth $445,761,000 after purchasing an additional 423,456 shares during the period. Millennium Management LLC acquired a new stake in Bright Horizons Family Solutions during the 2nd quarter valued at approximately $28,995,000. Point72 Asset Management L.P. boosted its holdings in shares of Bright Horizons Family Solutions by 64.1% in the 2nd quarter. Point72 Asset Management L.P. now owns 570,423 shares of the company’s stock valued at $62,792,000 after acquiring an additional 222,823 shares during the last quarter. Allspring Global Investments Holdings LLC increased its stake in shares of Bright Horizons Family Solutions by 174.0% in the third quarter. Allspring Global Investments Holdings LLC now owns 344,397 shares of the company’s stock worth $48,260,000 after acquiring an additional 218,707 shares during the period. Finally, TimesSquare Capital Management LLC acquired a new stake in shares of Bright Horizons Family Solutions in the third quarter worth $13,639,000.

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.