Somewhat Positive News Coverage Somewhat Unlikely to Impact Bright Horizons Family Solutions (BFAM) Stock Price
Media headlines about Bright Horizons Family Solutions (NYSE:BFAM) have trended somewhat positive recently, Accern Sentiment Analysis reports. Accern identifies negative and positive news coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Bright Horizons Family Solutions earned a daily sentiment score of 0.11 on Accern’s scale. Accern also assigned news coverage about the company an impact score of 46.4519809514339 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
These are some of the media stories that may have effected Accern Sentiment Analysis’s scoring:
- Bright Horizons Family Solutions Named One of the 2017 Best Workplaces for Diversity by FORTUNE (finance.yahoo.com)
- BRIEF-Bright Horizons Family Solutions – Co’s Units,Others, Entered Amendment To Credit Agreement (reuters.com)
- Bright Horizons Family Solutions Inc. (BFAM) Short Interest Update (americanbankingnews.com)
- Bright Horizons Family Solutions Inc. (BFAM) Receives Average Rating of “Buy” from Brokerages (americanbankingnews.com)
BFAM has been the topic of a number of research reports. Zacks Investment Research raised shares of Bright Horizons Family Solutions from a “hold” rating to a “buy” rating and set a $100.00 price objective on the stock in a research report on Tuesday, November 7th. Credit Suisse Group boosted their price objective on shares of Bright Horizons Family Solutions from $83.00 to $90.00 and gave the stock a “neutral” rating in a research report on Thursday, November 2nd. Barclays boosted their price objective on shares of Bright Horizons Family Solutions from $80.00 to $90.00 and gave the stock an “overweight” rating in a research report on Monday, October 2nd. BMO Capital Markets reissued a “hold” rating on shares of Bright Horizons Family Solutions in a research report on Wednesday, October 25th. Finally, Royal Bank Of Canada reissued a “buy” rating on shares of Bright Horizons Family Solutions in a research report on Wednesday, August 9th. Four analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Bright Horizons Family Solutions presently has a consensus rating of “Buy” and an average target price of $90.67.
Bright Horizons Family Solutions (NYSE:BFAM) last issued its earnings results on Wednesday, November 1st. The company reported $0.62 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.57 by $0.05. The business had revenue of $433.30 million for the quarter, compared to the consensus estimate of $429.36 million. Bright Horizons Family Solutions had a net margin of 7.22% and a return on equity of 19.72%. The firm’s revenue for the quarter was up 12.9% on a year-over-year basis. During the same period in the previous year, the company earned $0.49 earnings per share. analysts predict that Bright Horizons Family Solutions will post 2.49 earnings per share for the current year.
In related news, Director Mary Ann Tocio sold 6,666 shares of the business’s stock in a transaction on Tuesday, September 12th. The shares were sold at an average price of $80.09, for a total transaction of $533,879.94. Following the transaction, the director now directly owns 67,284 shares in the company, valued at $5,388,775.56. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Joshua Bekenstein sold 3,504,999 shares of the business’s stock in a transaction on Tuesday, November 14th. The stock was sold at an average price of $87.26, for a total transaction of $305,846,212.74. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 3,620,458 shares of company stock worth $315,782,740. 2.90% of the stock is owned by corporate insiders.
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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.
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