Bright Horizons Family Solutions (NYSE:BFAM) Rating Increased to Outperform at Robert W. Baird

Robert W. Baird upgraded shares of Bright Horizons Family Solutions (NYSE:BFAM) from a neutral rating to an outperform rating in a research note published on Friday morning, Marketbeat Ratings reports. The brokerage currently has $140.00 target price on the stock.

Other equities analysts have also issued reports about the company. Morgan Stanley increased their price target on Bright Horizons Family Solutions from $100.00 to $108.00 and gave the company an “underweight” rating in a research note on Tuesday, November 5th. Barclays increased their price target on Bright Horizons Family Solutions from $125.00 to $160.00 and gave the company an “overweight” rating in a research note on Friday, August 30th. The Goldman Sachs Group increased their price target on Bright Horizons Family Solutions from $142.00 to $162.00 and gave the company a “buy” rating in a research note on Tuesday, November 5th. JPMorgan Chase & Co. increased their price target 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. Finally, BMO Capital Markets raised Bright Horizons Family Solutions from a “market perform” rating to an “outperform” rating and dropped their price target for the company from $137.00 to $125.00 in a research note on Monday, November 18th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $141.50.

Bright Horizons Family Solutions Stock Performance

NYSE BFAM opened at $113.08 on Friday. The firm has a market cap of $6.58 billion, a price-to-earnings ratio of 56.82 and a beta of 1.49. The company has a quick ratio of 0.61, a current ratio of 0.61 and a debt-to-equity ratio of 0.66. The business has a 50-day moving average price of $129.07 and a 200-day moving average price of $122.46. Bright Horizons Family Solutions has a twelve month low of $86.79 and a twelve month high of $141.90.

Bright Horizons Family Solutions (NYSE:BFAM) last released its quarterly earnings data on Monday, November 4th. The company reported $1.11 earnings per share for the quarter, topping analysts’ consensus estimates of $1.06 by $0.05. The firm had revenue of $719.00 million during the quarter, compared to analyst estimates of $713.16 million. Bright Horizons Family Solutions had a return on equity of 13.23% and a net margin of 4.44%. The business’s quarterly revenue was up 11.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.78 earnings per share. As a group, equities research analysts predict that Bright Horizons Family Solutions will post 3 EPS for the current fiscal year.

Insider Activity

In other news, COO Mary Lou Burke sold 800 shares of the firm’s stock in a transaction that occurred on Monday, October 7th. The stock was sold at an average price of $136.94, for a total value of $109,552.00. Following the completion of the sale, the chief operating officer now directly owns 31,025 shares of the company’s stock, valued at $4,248,563.50. This trade represents a 2.51 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.22% of the company’s stock.

Institutional Investors Weigh In On Bright Horizons Family Solutions

Several institutional investors have recently modified their holdings of BFAM. Raleigh Capital Management Inc. purchased a new stake in shares of Bright Horizons Family Solutions in the third quarter worth approximately $29,000. V Square Quantitative Management LLC purchased a new stake in shares of Bright Horizons Family Solutions in the third quarter worth approximately $35,000. Whittier Trust Co. of Nevada Inc. raised its holdings in shares of Bright Horizons Family Solutions by 850.0% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 342 shares of the company’s stock worth $38,000 after buying an additional 306 shares during the period. Daiwa Securities Group Inc. raised its holdings in shares of Bright Horizons Family Solutions by 73.3% in the second quarter. Daiwa Securities Group Inc. now owns 390 shares of the company’s stock worth $43,000 after buying an additional 165 shares during the period. Finally, Quarry LP raised its holdings in shares of Bright Horizons Family Solutions by 68.3% in the second quarter. Quarry LP now owns 436 shares of the company’s stock worth $48,000 after buying an additional 177 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.