Bright Horizons Family Solutions (NYSE:BFAM) Stock Rating Upgraded by StockNews.com

Bright Horizons Family Solutions (NYSE:BFAM) was upgraded by StockNews.com from a “sell” rating to a “hold” rating in a report issued on Tuesday.

Several other equities research analysts have also weighed in on BFAM. UBS Group lifted 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 report on Tuesday, November 5th. Morgan Stanley cut their price objective 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 shares of Bright Horizons Family Solutions from a “market perform” rating to an “outperform” rating and cut their price target for the company from $137.00 to $125.00 in a research note on Monday, November 18th. Baird R W raised shares of Bright Horizons Family Solutions from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 22nd. Finally, JPMorgan Chase & Co. upped their target price on shares of Bright Horizons Family Solutions from $137.00 to $149.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 5th. One analyst has rated the stock with a sell rating, three have issued a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $138.25.

Bright Horizons Family Solutions Stock Performance

Bright Horizons Family Solutions stock opened at $116.06 on Tuesday. Bright Horizons Family Solutions has a 1 year low of $94.83 and a 1 year high of $141.90. The company’s 50-day moving average is $112.06 and its two-hundred day moving average is $123.78. 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 company has a market cap of $6.75 billion, a PE ratio of 58.32 and a beta of 1.44.

Bright Horizons Family Solutions (NYSE:BFAM) last posted 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. The business had revenue of $719.00 million for the quarter, compared to analyst estimates of $713.16 million. Bright Horizons Family Solutions had a return on equity of 13.23% and a net margin of 4.44%. The firm’s revenue was up 11.3% on a year-over-year basis. During the same period last year, the company earned $0.78 EPS. Equities analysts anticipate that Bright Horizons Family Solutions will post 3.01 earnings per share for the current year.

Insider Transactions at Bright Horizons Family Solutions

In other Bright Horizons Family Solutions news, Director Mary Ann Tocio sold 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 3rd. The stock was 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 in the company, valued at $2,897,230.47. This represents a 16.53 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 1.22% of the stock is owned by company insiders.

Hedge Funds Weigh In On Bright Horizons Family Solutions

Several large investors have recently modified their holdings of the stock. Raleigh Capital Management Inc. acquired a new position in shares of Bright Horizons Family Solutions in the third quarter valued at approximately $29,000. Versant Capital Management Inc bought a new stake in Bright Horizons Family Solutions in the 4th quarter valued at about $25,000. V Square Quantitative Management LLC bought a new position in shares of Bright Horizons Family Solutions during the third quarter worth approximately $35,000. True Wealth Design LLC acquired a new stake in shares of Bright Horizons Family Solutions in the third quarter valued at approximately $49,000. Finally, Daiwa Securities Group Inc. grew its position in Bright Horizons Family Solutions by 73.3% during the second quarter. Daiwa Securities Group Inc. now owns 390 shares of the company’s stock worth $43,000 after buying an additional 165 shares in 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.