Bright Horizons Family Solutions Inc. (BFAM) Rating Reiterated by Robert W. Baird

Bright Horizons Family Solutions Inc. (NYSE:BFAM)‘s stock had its “hold” rating reiterated by Robert W. Baird in a research report issued on Friday.

BFAM has been the topic of a number of other research reports. Barclays PLC lifted their price target on shares of Bright Horizons Family Solutions from $80.00 to $90.00 and gave the stock an “overweight” rating in a report on Monday, October 2nd. BMO Capital Markets restated a “hold” rating on shares of Bright Horizons Family Solutions in a report on Wednesday, October 25th. Zacks Investment Research upgraded shares of Bright Horizons Family Solutions from a “hold” rating to a “buy” rating and set a $90.00 target price on the stock in a report on Friday, September 1st. Royal Bank Of Canada restated a “buy” rating on shares of Bright Horizons Family Solutions in a report on Wednesday, August 9th. Finally, Credit Suisse Group boosted their target price on shares of Bright Horizons Family Solutions from $83.00 to $90.00 and gave the company a “neutral” rating in a report on Thursday. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $89.17.

Shares of Bright Horizons Family Solutions (BFAM) traded up $0.43 during trading hours on Friday, hitting $89.11. 192,719 shares of the stock were exchanged, compared to its average volume of 156,829. The firm has a market capitalization of $5,271.48, a price-to-earnings ratio of 37.44, a PEG ratio of 1.79 and a beta of 0.13. The company has a current ratio of 0.42, a quick ratio of 0.42 and a debt-to-equity ratio of 1.46. Bright Horizons Family Solutions has a 52 week low of $62.54 and a 52 week high of $93.13.

Bright Horizons Family Solutions (NYSE:BFAM) last issued its quarterly earnings results on Wednesday, November 1st. The company reported $0.62 EPS for the quarter, topping analysts’ consensus estimates of $0.57 by $0.05. The company had revenue of $433.30 million for the quarter, compared to analyst estimates of $429.36 million. Bright Horizons Family Solutions had a net margin of 7.22% and a return on equity of 20.16%. Bright Horizons Family Solutions’s revenue was up 12.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.49 earnings per share. research analysts anticipate that Bright Horizons Family Solutions will post 2.5 earnings per share for the current fiscal year.

TRADEMARK VIOLATION NOTICE: “Bright Horizons Family Solutions Inc. (BFAM) Rating Reiterated by Robert W. Baird” was originally reported by Community Financial News and is the sole property of of Community Financial News. If you are reading this report on another publication, it was stolen and reposted in violation of United States and international copyright and trademark laws. The correct version of this report can be viewed at https://www.com-unik.info/2017/11/05/bright-horizons-family-solutions-inc-bfam-rating-reiterated-by-robert-w-baird.html.

In other Bright Horizons Family Solutions news, COO Mary Lou Burke sold 5,000 shares of Bright Horizons Family Solutions stock in a transaction on Monday, August 7th. The shares were sold at an average price of $78.56, for a total value of $392,800.00. Following the completion of the sale, the chief operating officer now directly owns 32,354 shares of the company’s stock, valued at $2,541,730.24. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Elizabeth J. Boland sold 29,681 shares of Bright Horizons Family Solutions stock in a transaction on Wednesday, September 6th. The shares were sold at an average price of $78.95, for a total transaction of $2,343,314.95. Following the completion of the sale, the chief financial officer now directly owns 141,491 shares of the company’s stock, valued at $11,170,714.45. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 80,444 shares of company stock valued at $6,516,524. Insiders own 2.90% of the company’s stock.

Large investors have recently bought and sold shares of the company. Acrospire Investment Management LLC increased its position in shares of Bright Horizons Family Solutions by 250.0% during the second quarter. Acrospire Investment Management LLC now owns 1,400 shares of the company’s stock worth $108,000 after acquiring an additional 1,000 shares in the last quarter. Public Employees Retirement Association of Colorado bought a new stake in shares of Bright Horizons Family Solutions during the second quarter worth about $123,000. Advisor Group Inc. increased its position in shares of Bright Horizons Family Solutions by 213.6% during the second quarter. Advisor Group Inc. now owns 1,988 shares of the company’s stock worth $152,000 after acquiring an additional 1,354 shares in the last quarter. Connable Office Inc. bought a new stake in shares of Bright Horizons Family Solutions during the second quarter worth about $208,000. Finally, Keybank National Association OH bought a new stake in shares of Bright Horizons Family Solutions during the third quarter worth about $221,000. 97.25% of the stock is owned by institutional investors.

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.

Analyst Recommendations for Bright Horizons Family Solutions (NYSE:BFAM)

What are top analysts saying about Bright Horizons Family Solutions Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Bright Horizons Family Solutions Inc. and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit