A number of research firms have changed their ratings and price targets for Bright Horizons Family Solutions (NYSE: BFAM):

  • 11/7/2018 – Bright Horizons Family Solutions was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $130.00 price target on the stock. According to Zacks, “Bright Horizons Family Solutions Inc. is engaged in providing employer-sponsored child care, early education and work/life solutions. Its employer-sponsored child care programs include child care and early education centers, infant/toddler/preschool care and education, full and part-time child care, kindergarten, school-age programs, summer camps and back-up care. Bright Horizons manages child care centers for corporations, hospitals, universities and government agencies The Company operates primarily in North America, Europe and India. Bright Horizons Family Solutions Inc. is based in Watertown, Massachusetts. “
  • 11/6/2018 – Bright Horizons Family Solutions had its price target lowered by analysts at BMO Capital Markets from $123.00 to $120.00. They now have a “market perform” rating on the stock.
  • 11/2/2018 – Bright Horizons Family Solutions had its price target raised by analysts at JPMorgan Chase & Co. from $121.00 to $125.00. They now have an “overweight” rating on the stock.
  • 11/2/2018 – Bright Horizons Family Solutions had its price target raised by analysts at Barclays PLC from $105.00 to $125.00. They now have an “overweight” rating on the stock.
  • 11/2/2018 – Bright Horizons Family Solutions had its price target raised by analysts at Robert W. Baird from $115.00 to $122.00. They now have a “neutral” rating on the stock.
  • 10/23/2018 – Bright Horizons Family Solutions is now covered by analysts at Bank of America Corp. They set a “neutral” rating and a $118.00 price target on the stock.
  • 9/21/2018 – Bright Horizons Family Solutions was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Bright Horizons Family Solutions Inc. is engaged in providing employer-sponsored child care, early education and work/life solutions. Its employer-sponsored child care programs include child care and early education centers, infant/toddler/preschool care and education, full and part-time child care, kindergarten, school-age programs, summer camps and back-up care. Bright Horizons manages child care centers for corporations, hospitals, universities and government agencies The Company operates primarily in North America, Europe and India. Bright Horizons Family Solutions Inc. is based in Watertown, Massachusetts. “
  • 9/10/2018 – Bright Horizons Family Solutions was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Bright Horizons Family Solutions Inc. is engaged in providing employer-sponsored child care, early education and work/life solutions. Its employer-sponsored child care programs include child care and early education centers, infant/toddler/preschool care and education, full and part-time child care, kindergarten, school-age programs, summer camps and back-up care. Bright Horizons manages child care centers for corporations, hospitals, universities and government agencies The Company operates primarily in North America, Europe and India. Bright Horizons Family Solutions Inc. is based in Watertown, Massachusetts. “

NYSE BFAM traded up $0.37 during trading on Thursday, reaching $118.30. 292,885 shares of the company’s stock traded hands, compared to its average volume of 242,876. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.34 and a current ratio of 0.34. The company has a market capitalization of $6.75 billion, a price-to-earnings ratio of 46.39, a price-to-earnings-growth ratio of 3.26 and a beta of 0.19. Bright Horizons Family Solutions Inc has a 12-month low of $85.55 and a 12-month high of $120.07.

Bright Horizons Family Solutions (NYSE:BFAM) last issued its quarterly earnings data on Thursday, November 1st. The company reported $0.73 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.73. Bright Horizons Family Solutions had a net margin of 8.73% and a return on equity of 22.81%. The firm had revenue of $472.00 million for the quarter, compared to the consensus estimate of $471.85 million. During the same quarter in the previous year, the firm earned $0.62 EPS. The company’s quarterly revenue was up 8.9% compared to the same quarter last year. Equities analysts expect that Bright Horizons Family Solutions Inc will post 2.97 earnings per share for the current fiscal year.

In other Bright Horizons Family Solutions news, Director Lightfoot Sara Lawrence sold 3,000 shares of Bright Horizons Family Solutions stock in a transaction that occurred on Thursday, September 6th. The shares were sold at an average price of $117.72, for a total transaction of $353,160.00. Following the completion of the sale, the director now directly owns 6,207 shares in the company, valued at approximately $730,688.04. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, COO Mary Lou Burke sold 1,100 shares of Bright Horizons Family Solutions stock in a transaction that occurred on Monday, November 5th. The shares were sold at an average price of $115.54, for a total transaction of $127,094.00. Following the sale, the chief operating officer now owns 30,946 shares of the company’s stock, valued at $3,575,500.84. The disclosure for this sale can be found here. Insiders sold a total of 46,758 shares of company stock valued at $5,398,989 over the last quarter. 2.20% of the stock is owned by company insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Legal & General Group Plc lifted its stake in Bright Horizons Family Solutions by 1.8% during the 1st quarter. Legal & General Group Plc now owns 30,958 shares of the company’s stock valued at $3,087,000 after acquiring an additional 560 shares during the period. Tygh Capital Management Inc. lifted its stake in Bright Horizons Family Solutions by 0.8% during the 2nd quarter. Tygh Capital Management Inc. now owns 77,075 shares of the company’s stock valued at $7,902,000 after acquiring an additional 593 shares during the period. Whittier Trust Co. of Nevada Inc. lifted its stake in Bright Horizons Family Solutions by 31.6% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 2,571 shares of the company’s stock valued at $264,000 after acquiring an additional 618 shares during the period. Bfsg LLC lifted its stake in Bright Horizons Family Solutions by 18.6% during the 2nd quarter. Bfsg LLC now owns 4,290 shares of the company’s stock valued at $440,000 after acquiring an additional 674 shares during the period. Finally, CWM LLC lifted its stake in Bright Horizons Family Solutions by 3.9% during the 2nd quarter. CWM LLC now owns 22,699 shares of the company’s stock valued at $2,327,000 after acquiring an additional 850 shares during the period. Institutional investors and hedge funds own 97.79% of the company’s stock.

Bright Horizons Family Solutions Inc provides child care and early education, back-up dependent care, and educational advisory services for employers and families. The company operates through three segments: Full Service Center-Based Child Care, Back-Up Dependent Care, and Other Educational Advisory Services.

See Also: Growth Stocks, What They Are, What They Are Not

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.