Bright Horizons Family Solutions (NYSE:BFAM) Upgraded at StockNews.com

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

Several other equities analysts have also weighed in on BFAM. JPMorgan Chase & Co. increased their target price 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. Morgan Stanley cut their target price on Bright Horizons Family Solutions from $102.00 to $100.00 and set an “underweight” rating on the stock in a research note on Tuesday, February 11th. Jefferies Financial Group dropped their price target on Bright Horizons Family Solutions from $155.00 to $132.00 and set a “buy” rating on the stock in a research report on Thursday, January 23rd. BMO Capital Markets raised their price target on Bright Horizons Family Solutions from $127.00 to $146.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 18th. Finally, UBS Group dropped their price target on Bright Horizons Family Solutions from $148.00 to $130.00 and set a “neutral” rating on the stock in a research report on Friday, January 24th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Bright Horizons Family Solutions presently has a consensus rating of “Moderate Buy” and an average target price of $137.67.

Bright Horizons Family Solutions Price Performance

Bright Horizons Family Solutions stock opened at $125.02 on Friday. The business’s 50-day simple moving average is $117.24 and its 200 day simple moving average is $124.54. The stock has a market cap of $7.27 billion, a price-to-earnings ratio of 52.09 and a beta of 1.45. Bright Horizons Family Solutions has a 12-month low of $100.59 and a 12-month high of $141.90. The company has a quick ratio of 0.61, a current ratio of 0.61 and a debt-to-equity ratio of 0.66.

Bright Horizons Family Solutions (NYSE:BFAM) last released its earnings results on Thursday, February 13th. The company reported $0.88 earnings per share 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%. As a group, research analysts anticipate that Bright Horizons Family Solutions will post 3.49 earnings per share for the current year.

Insiders Place Their Bets

In other Bright Horizons Family Solutions news, Director Mary Ann Tocio sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $114.71, for a total transaction of $573,550.00. Following the transaction, the director now owns 25,257 shares of the company’s stock, valued at $2,897,230.47. The trade was a 16.53 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 1.22% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Cerity Partners LLC increased its holdings in shares of Bright Horizons Family Solutions by 63.0% during the 3rd quarter. Cerity Partners LLC now owns 29,078 shares of the company’s stock worth $4,075,000 after acquiring an additional 11,236 shares during the last quarter. BNP Paribas Financial Markets lifted its position in shares of Bright Horizons Family Solutions by 560.0% during the 3rd quarter. BNP Paribas Financial Markets now owns 9,180 shares of the company’s stock worth $1,286,000 after buying an additional 7,789 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its position in shares of Bright Horizons Family Solutions by 15.4% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 3,181,050 shares of the company’s stock worth $445,761,000 after buying an additional 423,456 shares during the last quarter. Graphene Investments SAS lifted its position in shares of Bright Horizons Family Solutions by 25.7% during the 4th quarter. Graphene Investments SAS now owns 27,900 shares of the company’s stock worth $3,093,000 after buying an additional 5,700 shares during the last quarter. Finally, Brown Brothers Harriman & Co. lifted its position in shares of Bright Horizons Family Solutions by 19.7% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 218,859 shares of the company’s stock worth $30,669,000 after buying an additional 35,971 shares during 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.