BMO Capital Markets Reaffirms “Hold” Rating for Bright Horizons Family Solutions (BFAM)

BMO Capital Markets reiterated their hold rating on shares of Bright Horizons Family Solutions (NYSE:BFAM) in a research report sent to investors on Wednesday. BMO Capital Markets currently has a $98.00 price target on the stock.

BFAM has been the subject of several other reports. Credit Suisse Group lifted their price objective on shares of Bright Horizons Family Solutions from $83.00 to $90.00 and gave the stock a neutral rating in a research note on Thursday, November 2nd. BidaskClub downgraded shares of Bright Horizons Family Solutions from a strong-buy rating to a buy rating in a research note on Tuesday, October 10th. Barclays lifted their price objective on shares of Bright Horizons Family Solutions from $80.00 to $90.00 and gave the stock an overweight rating in a research note on Monday, October 2nd. Robert W. Baird reiterated a hold rating on shares of Bright Horizons Family Solutions in a research note on Friday, November 3rd. Finally, Citigroup lifted their price objective on shares of Bright Horizons Family Solutions from $92.00 to $100.00 and gave the stock a buy rating in a research note on Friday, November 3rd. Six investment 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 a consensus rating of Hold and a consensus price target of $98.25.

Shares of Bright Horizons Family Solutions (NYSE BFAM) opened at $97.51 on Wednesday. The firm has a market cap of $5,704.93, a P/E ratio of 48.51, a price-to-earnings-growth ratio of 1.68 and a beta of 0.13. Bright Horizons Family Solutions has a one year low of $65.00 and a one year high of $98.16. The company has a quick ratio of 0.49, a current ratio of 0.49 and a debt-to-equity ratio of 1.35.

Bright Horizons Family Solutions (NYSE:BFAM) last announced its earnings results on Wednesday, November 1st. The company reported $0.62 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.57 by $0.05. The company had revenue of $433.30 million during the quarter, compared to the consensus estimate of $429.36 million. Bright Horizons Family Solutions had a net margin of 7.22% and a return on equity of 19.72%. Bright Horizons Family Solutions’s revenue was up 12.9% compared to the same quarter last year. During the same period last year, the firm earned $0.49 earnings per share. equities research analysts anticipate that Bright Horizons Family Solutions will post 2.5 EPS for the current year.

In related news, Director Joshua Bekenstein sold 3,504,999 shares of the firm’s stock in a transaction on Tuesday, November 14th. The shares were sold at an average price of $87.26, for a total transaction of $305,846,212.74. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO David H. Lissy sold 79,112 shares of the firm’s stock in a transaction on Tuesday, November 14th. The stock was sold at an average price of $87.26, for a total transaction of $6,903,313.12. The disclosure for this sale can be found here. Insiders have sold 3,609,475 shares of company stock valued at $315,154,697 over the last quarter. Insiders own 2.90% of the company’s stock.

Several institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. raised its holdings in shares of Bright Horizons Family Solutions by 11.8% during the second quarter. Vanguard Group Inc. now owns 3,888,575 shares of the company’s stock worth $300,237,000 after purchasing an additional 410,335 shares during the last quarter. Wells Fargo & Company MN raised its holdings in shares of Bright Horizons Family Solutions by 3.6% during the third quarter. Wells Fargo & Company MN now owns 1,690,927 shares of the company’s stock worth $145,775,000 after purchasing an additional 59,456 shares during the last quarter. Neuberger Berman Group LLC raised its holdings in shares of Bright Horizons Family Solutions by 5.0% during the third quarter. Neuberger Berman Group LLC now owns 1,211,305 shares of the company’s stock worth $104,427,000 after purchasing an additional 57,880 shares during the last quarter. Brown Advisory Inc. raised its holdings in shares of Bright Horizons Family Solutions by 3.6% during the third quarter. Brown Advisory Inc. now owns 1,205,861 shares of the company’s stock worth $103,958,000 after purchasing an additional 42,133 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in shares of Bright Horizons Family Solutions by 44.8% during the third quarter. JPMorgan Chase & Co. now owns 1,002,318 shares of the company’s stock worth $85,938,000 after purchasing an additional 310,160 shares during the last quarter. 98.70% of the stock is owned by hedge funds and other institutional investors.

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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)

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