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

StockNews.com upgraded shares of Bright Horizons Family Solutions (NYSE:BFAM) from a sell rating to a hold rating in a report issued on Saturday.

Several other research firms also recently issued reports on BFAM. The Goldman Sachs Group reduced their price target on shares of Bright Horizons Family Solutions from $162.00 to $142.00 and set a “buy” rating for the company in a research report on Friday, December 27th. BMO Capital Markets raised their price objective on Bright Horizons Family Solutions from $127.00 to $146.00 and gave the company an “outperform” rating in a research note on Tuesday, February 18th. JPMorgan Chase & Co. raised their price objective on Bright Horizons Family Solutions from $137.00 to $149.00 and gave the company an “overweight” rating in a research note on Tuesday, November 5th. UBS Group dropped their price objective on Bright Horizons Family Solutions from $148.00 to $130.00 and set a “neutral” rating on the stock in a research note on Friday, January 24th. Finally, Baird R W upgraded Bright Horizons Family Solutions from a “hold” rating to a “strong-buy” rating in a research note on Friday, November 22nd. One analyst has rated the stock with a sell rating, three have assigned a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Bright Horizons Family Solutions currently has an average rating of “Moderate Buy” and an average price target of $137.67.

Bright Horizons Family Solutions Stock Performance

NYSE BFAM opened at $126.29 on Friday. The company has a fifty day simple moving average of $116.91 and a 200 day simple moving average of $124.64. Bright Horizons Family Solutions has a 12-month low of $100.59 and a 12-month high of $141.90. 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 $7.35 billion, a P/E ratio of 52.62 and a beta of 1.45.

Bright Horizons Family Solutions (NYSE:BFAM) last posted its quarterly earnings results on Thursday, February 13th. The company reported $0.88 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.91 by ($0.03). Bright Horizons Family Solutions had a net margin of 5.22% and a return on equity of 13.63%. Sell-side analysts predict that Bright Horizons Family Solutions will post 3.49 earnings per share for the current fiscal year.

Insider Buying and Selling at Bright Horizons Family Solutions

In related news, Director Mary Ann Tocio sold 5,000 shares of Bright Horizons Family Solutions 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 approximately $2,897,230.47. The trade was a 16.53 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 1.22% of the company’s stock.

Institutional Trading of Bright Horizons Family Solutions

A number of large investors have recently bought and sold shares of the company. Cerity Partners LLC raised its stake in shares of Bright Horizons Family Solutions by 63.0% in the third quarter. Cerity Partners LLC now owns 29,078 shares of the company’s stock valued at $4,075,000 after buying an additional 11,236 shares during the period. BNP Paribas Financial Markets raised its stake in shares of Bright Horizons Family Solutions by 560.0% in the third quarter. BNP Paribas Financial Markets now owns 9,180 shares of the company’s stock valued at $1,286,000 after buying an additional 7,789 shares during the period. Massachusetts Financial Services Co. MA raised its stake in shares of Bright Horizons Family Solutions by 15.4% in the third 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 during the period. Graphene Investments SAS raised its stake in shares of Bright Horizons Family Solutions by 25.7% in the fourth quarter. Graphene Investments SAS now owns 27,900 shares of the company’s stock valued at $3,093,000 after buying an additional 5,700 shares during the period. Finally, Brown Brothers Harriman & Co. raised its stake in shares of Bright Horizons Family Solutions by 19.7% in the third quarter. Brown Brothers Harriman & Co. now owns 218,859 shares of the company’s stock valued at $30,669,000 after buying an additional 35,971 shares during the period.

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.