Bright Horizons Family Solutions (NYSE:BFAM) Raised to “Outperform” at BMO Capital Markets

Bright Horizons Family Solutions (NYSE:BFAM) was upgraded by stock analysts at BMO Capital Markets from a “market perform” rating to an “outperform” rating in a report released on Monday, Marketbeat Ratings reports. The brokerage currently has a $125.00 price objective on the stock, down from their previous price objective of $137.00. BMO Capital Markets’ target price suggests a potential upside of 14.62% from the stock’s previous close.

Other analysts also recently issued reports about the stock. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Bright Horizons Family Solutions from $114.00 to $140.00 and gave the company a “hold” rating in a report on Friday, August 2nd. Barclays upped 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. The Goldman Sachs Group upped their price objective on shares of Bright Horizons Family Solutions from $142.00 to $162.00 and gave the company a “buy” rating in a report on Tuesday, November 5th. UBS Group increased 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 report on Tuesday, November 5th. Finally, Robert W. Baird increased their price target on shares of Bright Horizons Family Solutions from $131.00 to $140.00 and gave the stock a “neutral” rating in a report on Tuesday, November 5th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, Bright Horizons Family Solutions currently has an average rating of “Hold” and an average target price of $141.50.

Bright Horizons Family Solutions Trading Up 1.0 %

Shares of Bright Horizons Family Solutions stock opened at $109.06 on Monday. The company has a current ratio of 0.61, a quick 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. The firm has a market capitalization of $6.35 billion, a price-to-earnings ratio of 54.80 and a beta of 1.49. The firm’s 50 day simple moving average is $130.24 and its two-hundred day simple moving average is $122.64.

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

Insider Activity

In related news, COO Mary Lou Burke sold 800 shares of the firm’s stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $140.65, for a total transaction of $112,520.00. Following the completion of the sale, the chief operating officer now directly owns 31,825 shares in the company, valued at approximately $4,476,186.25. This trade represents a 2.45 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.22% of the company’s stock.

Institutional Investors Weigh In On Bright Horizons Family Solutions

Institutional investors have recently made changes to their positions in the stock. Raleigh Capital Management Inc. acquired a new stake in shares of Bright Horizons Family Solutions during the third quarter valued at about $29,000. V Square Quantitative Management LLC acquired a new stake in shares of Bright Horizons Family Solutions during the third quarter valued at about $35,000. Whittier Trust Co. of Nevada Inc. increased its position in shares of Bright Horizons Family Solutions by 850.0% during the second quarter. Whittier Trust Co. of Nevada Inc. now owns 342 shares of the company’s stock valued at $38,000 after acquiring an additional 306 shares during the last quarter. Daiwa Securities Group Inc. increased its position in shares of Bright Horizons Family Solutions by 73.3% during the second quarter. Daiwa Securities Group Inc. now owns 390 shares of the company’s stock valued at $43,000 after acquiring an additional 165 shares during the last quarter. Finally, Quarry LP increased its position in shares of Bright Horizons Family Solutions by 68.3% during the second quarter. Quarry LP now owns 436 shares of the company’s stock valued at $48,000 after acquiring an additional 177 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.