Bright Horizons Family Solutions (NYSE:BFAM) Raised to Strong-Buy at Baird R W

Bright Horizons Family Solutions (NYSE:BFAM) was upgraded by analysts at Baird R W from a “hold” rating to a “strong-buy” rating in a report issued on Friday,Zacks.com reports.

Several other analysts also recently commented on the stock. The Goldman Sachs Group boosted their target price on shares of 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. BMO Capital Markets raised shares of Bright Horizons Family Solutions from a “market perform” rating to an “outperform” rating and decreased their target price for the stock from $137.00 to $125.00 in a research report on Monday, November 18th. JPMorgan Chase & Co. boosted 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 report on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Bright Horizons Family Solutions from $114.00 to $140.00 and gave the stock a “hold” rating in a research report on Friday, August 2nd. Finally, Morgan Stanley upped their price objective on shares of Bright Horizons Family Solutions from $100.00 to $108.00 and gave the stock an “underweight” rating in a report on Tuesday, November 5th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $141.50.

Bright Horizons Family Solutions Stock Up 1.8 %

Bright Horizons Family Solutions stock opened at $113.08 on Friday. The firm has a market cap of $6.58 billion, a PE ratio of 56.82 and a beta of 1.49. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.61 and a current ratio of 0.61. The firm’s 50 day moving average price is $128.51 and its two-hundred day moving average price is $122.45. Bright Horizons Family Solutions has a twelve month low of $86.79 and a twelve month high of $141.90.

Bright Horizons Family Solutions (NYSE:BFAM) last posted its earnings results on Monday, November 4th. The company reported $1.11 EPS for the quarter, topping the consensus estimate of $1.06 by $0.05. The company 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 company’s revenue for the quarter was up 11.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.78 earnings per share. On average, research analysts predict that Bright Horizons Family Solutions will post 3 EPS for the current fiscal year.

Insider Buying and Selling at Bright Horizons Family Solutions

In other Bright Horizons Family Solutions news, COO Mary Lou Burke sold 800 shares of the stock in a transaction on Monday, October 7th. The shares were sold at an average price of $136.94, for a total value of $109,552.00. Following the completion of the sale, the chief operating officer now directly owns 31,025 shares of the company’s stock, valued at $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 is available at this link. Insiders own 1.22% of the company’s stock.

Hedge Funds Weigh In On Bright Horizons Family Solutions

A number of hedge funds have recently made changes to their positions in the business. Massachusetts Financial Services Co. MA raised its stake in shares of 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 valued at $445,761,000 after buying an additional 423,456 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC raised its stake in shares of Bright Horizons Family Solutions by 1.5% in the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,068,969 shares of the company’s stock valued at $337,832,000 after buying an additional 44,893 shares in the last quarter. State Street Corp raised its stake in shares of Bright Horizons Family Solutions by 0.4% in the 3rd quarter. State Street Corp now owns 999,263 shares of the company’s stock valued at $140,027,000 after buying an additional 3,970 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Bright Horizons Family Solutions by 0.8% during the 3rd quarter. Geode Capital Management LLC now owns 924,832 shares of the company’s stock worth $129,633,000 after purchasing an additional 7,597 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of Bright Horizons Family Solutions by 7.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 784,896 shares of the company’s stock worth $86,395,000 after purchasing an additional 51,024 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.