Bright Horizons Family Solutions (NYSE:BFAM) Upgraded by BMO Capital Markets to “Outperform” Rating

BMO Capital Markets upgraded shares of Bright Horizons Family Solutions (NYSE:BFAM) from a market perform rating to an outperform rating in a report published on Monday, MarketBeat.com reports. BMO Capital Markets currently has $125.00 price objective on the stock, down from their prior price objective of $137.00.

A number of other brokerages have also weighed in on BFAM. Morgan Stanley lifted their price target on shares of Bright Horizons Family Solutions from $100.00 to $108.00 and gave the company an “underweight” rating in a research note on Tuesday, November 5th. JPMorgan Chase & Co. boosted their price objective on shares of Bright Horizons Family Solutions from $137.00 to $149.00 and gave the company an “overweight” rating in a research report on Tuesday, November 5th. Robert W. Baird increased their target price on Bright Horizons Family Solutions from $131.00 to $140.00 and gave the stock a “neutral” rating in a report on Tuesday, November 5th. UBS Group lifted their price target on Bright Horizons Family Solutions from $145.00 to $148.00 and gave the company a “neutral” rating in a research note on Tuesday, November 5th. Finally, The Goldman Sachs Group upped their price objective on Bright Horizons Family Solutions from $142.00 to $162.00 and gave the stock a “buy” rating in a research report on Tuesday, November 5th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, Bright Horizons Family Solutions currently has a consensus rating of “Hold” and a consensus price target of $141.50.

Bright Horizons Family Solutions Trading Up 3.8 %

BFAM opened at $108.00 on Monday. The firm’s fifty day moving average is $131.45 and its two-hundred day moving average is $122.63. The firm has a market cap of $6.28 billion, a PE ratio of 54.27 and a beta of 1.49. Bright Horizons Family Solutions has a twelve month low of $86.79 and a twelve month high of $141.90. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.56 and a current ratio of 0.61.

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

Insiders Place Their Bets

In other news, COO Mary Lou Burke sold 800 shares of the company’s stock in a transaction dated Monday, October 7th. The shares were sold at an average price of $136.94, for a total value of $109,552.00. Following the sale, the chief operating officer now directly owns 31,025 shares of the company’s stock, valued at approximately $4,248,563.50. This represents a 2.51 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.22% of the company’s stock.

Hedge Funds Weigh In On Bright Horizons Family Solutions

A number of institutional investors have recently bought and sold shares of the business. Raleigh Capital Management Inc. bought a new position in shares of Bright Horizons Family Solutions during the 3rd quarter worth approximately $29,000. V Square Quantitative Management LLC bought a new position in Bright Horizons Family Solutions during the third quarter worth $35,000. Whittier Trust Co. of Nevada Inc. increased its holdings in shares of Bright Horizons Family Solutions by 850.0% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 342 shares of the company’s stock valued at $38,000 after purchasing an additional 306 shares during the last quarter. True Wealth Design LLC bought a new position in shares of Bright Horizons Family Solutions in the third quarter valued at about $49,000. Finally, Daiwa Securities Group Inc. lifted its stake in shares of Bright Horizons Family Solutions by 73.3% during the 2nd quarter. Daiwa Securities Group Inc. now owns 390 shares of the company’s stock worth $43,000 after buying an additional 165 shares during the last quarter.

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.