Bright Horizons Family Solutions (NYSE:BFAM) Upgraded at StockNews.com

StockNews.com upgraded shares of Bright Horizons Family Solutions (NYSE:BFAM) from a sell rating to a hold rating in a research report report published on Tuesday morning.

A number of other equities analysts have also recently weighed in on BFAM. UBS Group upped their price target on shares of Bright Horizons Family Solutions from $145.00 to $148.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 5th. Morgan Stanley lowered their price target on Bright Horizons Family Solutions from $108.00 to $102.00 and set an “underweight” rating on the stock in a report on Thursday, December 12th. BMO Capital Markets raised Bright Horizons Family Solutions from a “market perform” rating to an “outperform” rating and reduced their price objective for the stock from $137.00 to $125.00 in a report on Monday, November 18th. JPMorgan Chase & Co. upped their target price on Bright Horizons Family Solutions from $137.00 to $149.00 and gave the company an “overweight” rating in a report on Tuesday, November 5th. Finally, Robert W. Baird upgraded Bright Horizons Family Solutions from a “neutral” rating to an “outperform” rating and set a $140.00 price target for the company in a research report on Friday, November 22nd. One analyst has rated the stock with a sell rating, three have assigned a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Bright Horizons Family Solutions currently has a consensus rating of “Moderate Buy” and an average price target of $138.25.

Bright Horizons Family Solutions Stock Performance

NYSE:BFAM opened at $117.72 on Tuesday. Bright Horizons Family Solutions has a 1-year low of $94.83 and a 1-year high of $141.90. The firm has a market cap of $6.85 billion, a price-to-earnings ratio of 59.15 and a beta of 1.44. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.61 and a quick ratio of 0.61. The firm’s fifty day moving average price is $112.08 and its 200 day moving average price is $123.74.

Bright Horizons Family Solutions (NYSE:BFAM) last announced its quarterly earnings data on Monday, November 4th. The company reported $1.11 EPS for the quarter, beating analysts’ consensus estimates of $1.06 by $0.05. The firm had revenue of $719.00 million during the quarter, compared to the consensus estimate of $713.16 million. Bright Horizons Family Solutions had a net margin of 4.44% and a return on equity of 13.23%. The firm’s revenue was up 11.3% compared to the same quarter last year. During the same quarter last year, the firm earned $0.78 earnings per share. On average, sell-side analysts expect that Bright Horizons Family Solutions will post 3.01 EPS for the current year.

Insiders Place Their Bets

In other Bright Horizons Family Solutions news, Director Mary Ann Tocio sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $114.71, for a total transaction of $573,550.00. Following the sale, the director now directly owns 25,257 shares of the company’s stock, valued at $2,897,230.47. This trade represents a 16.53 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.22% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Bright Horizons Family Solutions

Several institutional investors and hedge funds have recently modified their holdings of the company. Massachusetts Financial Services Co. MA grew its stake in Bright Horizons Family Solutions by 15.4% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 3,181,050 shares of the company’s stock worth $445,761,000 after acquiring an additional 423,456 shares during the period. Millennium Management LLC acquired a new stake in shares of Bright Horizons Family Solutions during the second quarter worth $28,995,000. Point72 Asset Management L.P. boosted its holdings in shares of Bright Horizons Family Solutions by 64.1% during the second quarter. Point72 Asset Management L.P. now owns 570,423 shares of the company’s stock worth $62,792,000 after purchasing an additional 222,823 shares during the last quarter. Allspring Global Investments Holdings LLC grew its position 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 valued at $48,260,000 after purchasing an additional 218,707 shares during the period. Finally, TimesSquare Capital Management LLC acquired a new position in Bright Horizons Family Solutions in the third quarter valued at $13,639,000.

About Bright Horizons Family Solutions

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.