News articles about Bright Horizons Family Solutions (NYSE:BFAM) have trended somewhat positive this week, Accern reports. The research group identifies positive and negative news coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Bright Horizons Family Solutions earned a daily sentiment score of 0.14 on Accern’s scale. Accern also gave press coverage about the company an impact score of 44.0362525643118 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
These are some of the news stories that may have effected Accern Sentiment’s scoring:
A number of analysts have recently issued reports on the stock. Goldman Sachs assumed coverage on shares of Bright Horizons Family Solutions in a report on Tuesday, March 27th. They set a “neutral” rating and a $104.00 price target for the company. Zacks Investment Research upgraded shares of Bright Horizons Family Solutions from a “hold” rating to a “buy” rating and set a $115.00 price target for the company in a report on Monday, March 26th. ValuEngine upgraded shares of Bright Horizons Family Solutions from a “hold” rating to a “buy” rating in a report on Monday, April 2nd. Royal Bank of Canada downgraded shares of Bright Horizons Family Solutions from an “outperform” rating to a “sector perform” rating and raised their price target for the stock from $95.00 to $98.00 in a report on Tuesday, April 3rd. They noted that the move was a valuation call. Finally, Credit Suisse Group raised their price target on shares of Bright Horizons Family Solutions from $90.00 to $98.00 and gave the stock a “neutral” rating in a report on Friday, February 9th. Seven analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $101.67.
Shares of NYSE:BFAM traded up $0.38 during mid-day trading on Friday, reaching $98.77. 187,387 shares of the company were exchanged, compared to its average volume of 448,962. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.42 and a current ratio of 0.42. The stock has a market capitalization of $5,784.56, a P/E ratio of 38.73, a PEG ratio of 2.25 and a beta of 0.07. Bright Horizons Family Solutions has a 1 year low of $73.32 and a 1 year high of $105.04.
Bright Horizons Family Solutions (NYSE:BFAM) last posted its quarterly earnings data on Thursday, February 8th. The company reported $0.73 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.69 by $0.04. The firm had revenue of $440.00 million during the quarter, compared to analysts’ expectations of $438.99 million. Bright Horizons Family Solutions had a net margin of 9.02% and a return on equity of 20.69%. The firm’s quarterly revenue was up 10.4% on a year-over-year basis. During the same quarter last year, the company posted $0.56 EPS. research analysts forecast that Bright Horizons Family Solutions will post 2.93 earnings per share for the current fiscal year.
In related news, Chairman David H. Lissy sold 100,000 shares of the stock in a transaction that occurred on Thursday, March 29th. The shares were sold at an average price of $102.35, for a total transaction of $10,235,000.00. Following the completion of the transaction, the chairman now owns 327,693 shares of the company’s stock, valued at approximately $33,539,378.55. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Linda A. Mason sold 10,034 shares of the stock in a transaction that occurred on Wednesday, January 24th. The stock was sold at an average price of $98.30, for a total transaction of $986,342.20. Following the transaction, the director now directly owns 10,552 shares of the company’s stock, valued at approximately $1,037,261.60. The disclosure for this sale can be found here. Insiders have sold a total of 171,823 shares of company stock valued at $17,357,642 in the last ninety days. 2.90% of the stock is currently owned by corporate insiders.
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About Bright Horizons Family Solutions
Bright Horizons Family Solutions Inc provides child care and early education, back-up dependent care, and educational advisory services for employers and families. The company operates through three segments: Full Service Center-Based Child Care, Back-Up Dependent Care, and Other Educational Advisory Services.
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