Bright Horizons Family Solutions Inc. (NYSE:BFAM) Receives $137.67 Consensus PT from Analysts

Bright Horizons Family Solutions Inc. (NYSE:BFAM) has received a consensus rating of “Moderate Buy” from the ten ratings firms that are presently covering the firm, MarketBeat reports. One analyst has rated the stock with a sell rating, two have issued a hold rating, six have issued a buy rating and one has issued a strong buy rating on the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $137.67.

A number of research analysts have recently issued reports on the stock. Baird R W upgraded shares of Bright Horizons Family Solutions from a “hold” rating to a “strong-buy” rating in a report on Friday, November 22nd. JPMorgan Chase & Co. raised their price target 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. StockNews.com raised shares of Bright Horizons Family Solutions from a “sell” rating to a “hold” rating in a research report on Saturday. Morgan Stanley dropped their price target on shares of Bright Horizons Family Solutions from $102.00 to $100.00 and set an “underweight” rating on the stock in a research report on Tuesday, February 11th. Finally, UBS Group lowered their price objective on shares of Bright Horizons Family Solutions from $148.00 to $130.00 and set a “neutral” rating on the stock in a research report on Friday, January 24th.

Insider Activity

In other news, Director Mary Ann Tocio sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $114.71, for a total value of $573,550.00. Following the sale, the director now owns 25,257 shares of the company’s stock, valued at $2,897,230.47. The trade was a 16.53 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 1.22% of the company’s stock.

Institutional Trading of Bright Horizons Family Solutions

Hedge funds and other institutional investors have recently modified their holdings of the business. Mackenzie Financial Corp grew its stake in Bright Horizons Family Solutions by 0.4% during the fourth quarter. Mackenzie Financial Corp now owns 145,429 shares of the company’s stock valued at $16,121,000 after acquiring an additional 615 shares in the last quarter. Burgundy Asset Management Ltd. purchased a new position in Bright Horizons Family Solutions in the 4th quarter worth approximately $17,265,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Bright Horizons Family Solutions by 4.5% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 174,260 shares of the company’s stock worth $19,317,000 after buying an additional 7,451 shares in the last quarter. Vident Advisory LLC purchased a new position in Bright Horizons Family Solutions in the 4th quarter worth approximately $10,742,000. Finally, Squarepoint Ops LLC purchased a new position in Bright Horizons Family Solutions in the 4th quarter worth approximately $17,068,000.

Bright Horizons Family Solutions Trading Down 1.1 %

NYSE:BFAM opened at $125.02 on Friday. The company has a current ratio of 0.61, a quick ratio of 0.61 and a debt-to-equity ratio of 0.66. The stock has a market capitalization of $7.27 billion, a price-to-earnings ratio of 52.09 and a beta of 1.45. The firm has a fifty day simple moving average of $117.24 and a two-hundred day simple moving average of $124.54. Bright Horizons Family Solutions has a 12 month low of $100.59 and a 12 month high of $141.90.

Bright Horizons Family Solutions (NYSE:BFAM) last posted its quarterly earnings results on Thursday, February 13th. The company reported $0.88 EPS for the quarter, missing analysts’ consensus estimates of $0.91 by ($0.03). Bright Horizons Family Solutions had a return on equity of 13.63% and a net margin of 5.22%. Analysts expect that Bright Horizons Family Solutions will post 3.49 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.