Bright Horizons Family Solutions (NYSE:BFAM) Raised to Strong-Buy at Baird R W

Baird R W upgraded shares of Bright Horizons Family Solutions (NYSE:BFAM) from a hold rating to a strong-buy rating in a research note issued to investors on Friday morning,Zacks.com reports.

Several other equities research analysts also recently commented on the stock. BMO Capital Markets raised shares of Bright Horizons Family Solutions from a “market perform” rating to an “outperform” rating and lowered their target price for the company from $137.00 to $125.00 in a research note on Monday, November 18th. Deutsche Bank Aktiengesellschaft raised 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. The Goldman Sachs Group boosted their target price on Bright Horizons Family Solutions from $142.00 to $162.00 and gave the company a “buy” rating in a research note on Tuesday, November 5th. UBS Group lifted their price objective on Bright Horizons Family Solutions from $145.00 to $148.00 and gave the company a “neutral” rating in a report on Tuesday, November 5th. Finally, Morgan Stanley boosted their price objective on Bright Horizons Family Solutions from $100.00 to $108.00 and gave the company an “underweight” rating in a research report on Tuesday, November 5th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $141.50.

Bright Horizons Family Solutions Stock Up 1.4 %

NYSE:BFAM opened at $114.61 on Friday. The stock’s fifty day simple moving average is $128.51 and its 200-day simple moving average is $122.57. The firm has a market capitalization of $6.67 billion, a P/E ratio of 57.58 and a beta of 1.49. The company has a quick ratio of 0.61, a current ratio of 0.61 and a debt-to-equity ratio of 0.66. Bright Horizons Family Solutions has a 12-month low of $86.79 and a 12-month high of $141.90.

Bright Horizons Family Solutions (NYSE:BFAM) last issued its earnings results on Monday, November 4th. The company reported $1.11 earnings per share (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 return on equity of 13.23% and a net margin of 4.44%. The company’s revenue was up 11.3% compared to the same quarter last year. During the same quarter last year, the business earned $0.78 earnings per share. Equities research analysts expect that Bright Horizons Family Solutions will post 3 earnings per share for the current year.

Insider Buying and Selling at Bright Horizons Family Solutions

In other news, COO Mary Lou Burke sold 800 shares of the firm’s stock in a transaction dated Monday, October 7th. The stock was sold at an average price of $136.94, for a total value of $109,552.00. Following the completion of the transaction, the chief operating officer now owns 31,025 shares in the company, valued at $4,248,563.50. This trade represents a 2.51 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.22% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of BFAM. OLD National Bancorp IN raised its stake in shares of Bright Horizons Family Solutions by 2.7% during the 3rd quarter. OLD National Bancorp IN now owns 3,159 shares of the company’s stock worth $443,000 after purchasing an additional 82 shares in the last quarter. EverSource Wealth Advisors LLC raised its position in Bright Horizons Family Solutions by 6.0% during the second quarter. EverSource Wealth Advisors LLC now owns 2,097 shares of the company’s stock worth $252,000 after acquiring an additional 119 shares in the last quarter. Avior Wealth Management LLC lifted its stake in Bright Horizons Family Solutions by 2.9% in the third quarter. Avior Wealth Management LLC now owns 4,674 shares of the company’s stock valued at $655,000 after acquiring an additional 133 shares during the last quarter. Daiwa Securities Group Inc. grew its position in shares of Bright Horizons Family Solutions by 37.2% in the 3rd quarter. Daiwa Securities Group Inc. now owns 535 shares of the company’s stock valued at $75,000 after acquiring an additional 145 shares during the period. Finally, MJP Associates Inc. ADV increased its stake in shares of Bright Horizons Family Solutions by 7.0% during the 2nd quarter. MJP Associates Inc. ADV now owns 2,390 shares of the company’s stock worth $263,000 after purchasing an additional 157 shares during the last quarter.

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.