Bright Horizons Family Solutions Inc. (BFAM) Receives “Hold” Rating from BMO Capital Markets

BMO Capital Markets reaffirmed their hold rating on shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM) in a research note released on Wednesday morning.

A number of other equities research analysts have also weighed in on BFAM. BidaskClub upgraded Bright Horizons Family Solutions from a hold rating to a buy rating in a research report on Thursday, August 10th. Zacks Investment Research upgraded Bright Horizons Family Solutions from a hold rating to a buy rating and set a $88.00 price target on the stock in a research report on Friday, August 4th. Royal Bank Of Canada restated a buy rating on shares of Bright Horizons Family Solutions in a research report on Wednesday, August 9th. Barclays PLC lifted their price target on Bright Horizons Family Solutions from $80.00 to $90.00 and gave the company an overweight rating in a research report on Monday, October 2nd. Finally, Citigroup Inc restated a buy rating and set a $92.00 price target (up from $90.00) on shares of Bright Horizons Family Solutions in a research report on Thursday, August 3rd. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company presently has an average rating of Buy and an average price target of $85.83.

Bright Horizons Family Solutions (BFAM) traded down 0.36% during trading on Wednesday, hitting $85.60. The company’s stock had a trading volume of 134,586 shares. The firm has a 50 day moving average of $83.71 and a 200 day moving average of $79.11. The firm has a market cap of $5.06 billion, a P/E ratio of 45.68 and a beta of 0.14. Bright Horizons Family Solutions has a 12 month low of $59.00 and a 12 month high of $88.13.

Bright Horizons Family Solutions (NYSE:BFAM) last issued its quarterly earnings data on Tuesday, August 1st. The company reported $0.70 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.67 by $0.03. The firm had revenue of $445.55 million for the quarter, compared to analyst estimates of $443.90 million. Bright Horizons Family Solutions had a return on equity of 19.19% and a net margin of 6.91%. The business’s quarterly revenue was up 10.8% compared to the same quarter last year. During the same period last year, the company earned $0.61 EPS. Equities research analysts predict that Bright Horizons Family Solutions will post $2.64 earnings per share for the current year.

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In other Bright Horizons Family Solutions news, Director Mary Ann Tocio sold 6,666 shares of Bright Horizons Family Solutions stock in a transaction on Tuesday, August 8th. The stock was sold at an average price of $79.11, for a total transaction of $527,347.26. Following the completion of the transaction, the director now owns 67,284 shares in the company, valued at $5,322,837.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, 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 transaction, the chief operating officer now owns 32,354 shares of the company’s stock, valued at approximately $2,541,730.24. The disclosure for this sale can be found here. Insiders have sold 80,444 shares of company stock worth $6,516,524 over the last 90 days. 2.90% of the stock is currently owned by corporate insiders.

Large investors have recently made changes to their positions in the business. Acrospire Investment Management LLC raised its stake in 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 valued at $108,000 after buying an additional 1,000 shares during the last quarter. Public Employees Retirement Association of Colorado purchased a new position in Bright Horizons Family Solutions during the second quarter valued at $123,000. Advisor Group Inc. raised its stake in Bright Horizons Family Solutions by 213.6% during the second quarter. Advisor Group Inc. now owns 1,988 shares of the company’s stock valued at $152,000 after buying an additional 1,354 shares during the last quarter. Connable Office Inc. purchased a new position in Bright Horizons Family Solutions during the second quarter valued at $208,000. Finally, Comerica Bank purchased a new position in Bright Horizons Family Solutions during the second quarter valued at $230,000. Institutional investors and hedge funds own 97.19% of the company’s stock.

Bright Horizons Family Solutions Company Profile

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)

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