Bright Horizons Family Solutions (BFAM) Upgraded to Buy by Zacks Investment Research

Bright Horizons Family Solutions (NYSE:BFAM) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued to investors on Wednesday. The brokerage presently has a $130.00 price target on the stock. Zacks Investment Research‘s target price points to a potential upside of 10.23% from the stock’s current price.

According to Zacks, “Bright Horizons Family Solutions Inc. is engaged in providing employer-sponsored child care, early education and work/life solutions. Its employer-sponsored child care programs include child care and early education centers, infant/toddler/preschool care and education, full and part-time child care, kindergarten, school-age programs, summer camps and back-up care. Bright Horizons manages child care centers for corporations, hospitals, universities and government agencies The Company operates primarily in North America, Europe and India. Bright Horizons Family Solutions Inc. is based in Watertown, Massachusetts. “

Other equities analysts have also recently issued reports about the company. BMO Capital Markets cut their price target on Bright Horizons Family Solutions from $123.00 to $120.00 and set a “market perform” rating on the stock in a report on Tuesday. Robert W. Baird increased their price target on Bright Horizons Family Solutions from $115.00 to $122.00 and gave the stock a “neutral” rating in a report on Friday, November 2nd. Bank of America started coverage on Bright Horizons Family Solutions in a report on Tuesday, October 23rd. They set a “neutral” rating and a $118.00 price target on the stock. Citigroup cut Bright Horizons Family Solutions from a “buy” rating to a “neutral” rating in a report on Friday, August 3rd. They noted that the move was a valuation call. Finally, JPMorgan Chase & Co. increased their target price on Bright Horizons Family Solutions from $121.00 to $125.00 and gave the stock an “overweight” rating in a report on Friday, November 2nd. Eight analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $113.36.

Shares of Bright Horizons Family Solutions stock traded up $1.61 on Wednesday, reaching $117.93. 286,600 shares of the company’s stock were exchanged, compared to its average volume of 242,645. The stock has a market capitalization of $6.73 billion, a price-to-earnings ratio of 46.25, a PEG ratio of 3.32 and a beta of 0.19. Bright Horizons Family Solutions has a 52 week low of $85.55 and a 52 week high of $120.07. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.34 and a current ratio of 0.34.

Bright Horizons Family Solutions (NYSE:BFAM) last posted its quarterly earnings results on Thursday, November 1st. The company reported $0.73 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.73. The firm had revenue of $472.00 million for the quarter, compared to analysts’ expectations of $471.85 million. Bright Horizons Family Solutions had a return on equity of 22.81% and a net margin of 8.73%. The company’s revenue for the quarter was up 8.9% compared to the same quarter last year. During the same period in the prior year, the business earned $0.62 EPS. On average, equities research analysts forecast that Bright Horizons Family Solutions will post 2.98 EPS for the current year.

In related news, COO Mary Lou Burke sold 1,100 shares of the stock in a transaction on Friday, October 5th. The stock was sold at an average price of $113.34, for a total value of $124,674.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Stephen I. Dreier sold 5,000 shares of the stock in a transaction on Thursday, August 16th. The stock was sold at an average price of $114.75, for a total value of $573,750.00. Following the completion of the transaction, the executive vice president now owns 69,547 shares in the company, valued at $7,980,518.25. The disclosure for this sale can be found here. Over the last quarter, insiders sold 46,758 shares of company stock worth $5,398,989. 2.20% of the stock is owned by company insiders.

A number of large investors have recently modified their holdings of BFAM. Harvest Fund Management Co. Ltd bought a new position in Bright Horizons Family Solutions during the 3rd quarter valued at $147,000. First Hawaiian Bank bought a new position in Bright Horizons Family Solutions during the 3rd quarter valued at $158,000. Advisors Asset Management Inc. lifted its stake in Bright Horizons Family Solutions by 242.6% during the 2nd quarter. Advisors Asset Management Inc. now owns 1,672 shares of the company’s stock valued at $171,000 after acquiring an additional 1,184 shares in the last quarter. Moneta Group Investment Advisors LLC lifted its stake in Bright Horizons Family Solutions by 104.4% during the 2nd quarter. Moneta Group Investment Advisors LLC now owns 1,860 shares of the company’s stock valued at $191,000 after acquiring an additional 950 shares in the last quarter. Finally, Engineers Gate Manager LP bought a new position in Bright Horizons Family Solutions during the 3rd quarter valued at $200,000. Institutional investors and hedge funds own 97.79% of the company’s stock.

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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