Bright Horizons Family Solutions Inc (BFAM) Given Consensus Recommendation of “Buy” by Analysts

Bright Horizons Family Solutions Inc (NYSE:BFAM) has been assigned a consensus recommendation of “Buy” from the nine ratings firms that are presently covering the company. Three equities research analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average twelve-month target price among brokers that have covered the stock in the last year is $77.20.

BFAM has been the topic of several research reports. Zacks Investment Research upgraded shares of Bright Horizons Family Solutions from a “sell” rating to a “hold” rating in a report on Thursday, December 22nd. Barclays PLC restated a “buy” rating and issued a $80.00 price target on shares of Bright Horizons Family Solutions in a report on Wednesday, January 11th. Royal Bank of Canada set a $78.00 price target on shares of Bright Horizons Family Solutions and gave the company a “buy” rating in a report on Saturday, January 21st. William Blair restated a “market perform” rating on shares of Bright Horizons Family Solutions in a report on Friday, February 10th. Finally, Credit Suisse Group AG set a $80.00 price target on shares of Bright Horizons Family Solutions and gave the company a “buy” rating in a report on Saturday, February 11th.

In other news, President Stephen Howard Kramer sold 6,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 1st. The shares were sold at an average price of $70.90, for a total transaction of $425,400.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Mary Ann Tocio sold 6,666 shares of Bright Horizons Family Solutions stock in a transaction on Tuesday, March 14th. The stock was sold at an average price of $69.37, for a total transaction of $462,420.42. Following the completion of the transaction, the director now directly owns 91,468 shares of the company’s stock, valued at approximately $6,345,135.16. The disclosure for this sale can be found here. Insiders have sold 55,229 shares of company stock worth $3,867,707 in the last quarter. Insiders own 4.00% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the company. Huntington National Bank boosted its stake in Bright Horizons Family Solutions by 27.2% in the third quarter. Huntington National Bank now owns 1,643 shares of the company’s stock valued at $110,000 after buying an additional 351 shares during the last quarter. Stephens Inc. AR boosted its stake in Bright Horizons Family Solutions by 0.3% in the third quarter. Stephens Inc. AR now owns 2,716 shares of the company’s stock valued at $182,000 after buying an additional 8 shares during the last quarter. Quadrature Capital Ltd acquired a new stake in Bright Horizons Family Solutions during the third quarter valued at about $207,000. GSA Capital Partners LLP acquired a new stake in Bright Horizons Family Solutions during the fourth quarter valued at about $220,000. Finally, Comerica Bank acquired a new stake in Bright Horizons Family Solutions during the fourth quarter valued at about $232,000. 99.98% of the stock is owned by hedge funds and other institutional investors.

COPYRIGHT VIOLATION WARNING: This report was first reported by Chaffey Breeze and is the sole property of of Chaffey Breeze. If you are reading this report on another publication, it was illegally copied and reposted in violation of United States and international copyright laws. The original version of this report can be viewed at https://www.chaffeybreeze.com/2017/04/21/bright-horizons-family-solutions-inc-bfam-receives-77-00-consensus-pt-from-analysts-updated-updated.html.

Shares of Bright Horizons Family Solutions (NYSE:BFAM) traded up 1.38% during mid-day trading on Wednesday, reaching $74.46. 173,290 shares of the company’s stock traded hands. The company’s 50 day moving average is $70.56 and its 200 day moving average is $69.28. The company has a market cap of $4.43 billion, a P/E ratio of 48.04 and a beta of 0.16. Bright Horizons Family Solutions has a 12-month low of $59.00 and a 12-month high of $74.48.

Bright Horizons Family Solutions (NYSE:BFAM) last posted its quarterly earnings results on Thursday, February 9th. The company reported $0.56 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.56. Bright Horizons Family Solutions had a net margin of 6.04% and a return on equity of 17.57%. The firm had revenue of $399 million for the quarter, compared to analyst estimates of $393.56 million. During the same quarter last year, the firm posted $0.47 earnings per share. Bright Horizons Family Solutions’s revenue for the quarter was up 7.2% compared to the same quarter last year. On average, analysts predict that Bright Horizons Family Solutions will post $2.54 EPS for the current fiscal year.

About Bright Horizons Family Solutions

Bright Horizons Family Solutions Inc is a provider of child care, early education and other services. The Company provides services under multi-year contracts with employers offering child care and other dependent care solutions as part of their employee benefits packages. Its segments include full service center-based care services, back-up dependent care services and other educational advisory services.

5 Day Chart for NYSE:BFAM

Receive News & Ratings for Bright Horizons Family Solutions Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bright Horizons Family Solutions Inc and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply