Bright Horizons Family Solutions (NYSE:BFAM) Rating Increased to Strong-Buy at ValuEngine

Bright Horizons Family Solutions (NYSE:BFAM) was upgraded by research analysts at ValuEngine from a “buy” rating to a “strong-buy” rating in a research report issued on Tuesday, ValuEngine reports.

Several other analysts also recently commented on BFAM. Zacks Investment Research upgraded shares of Bright Horizons Family Solutions from a “hold” rating to a “buy” rating and set a $146.00 price objective on the stock in a research report on Monday, May 6th. Goldman Sachs Group upgraded shares of Bright Horizons Family Solutions from a “neutral” rating to a “buy” rating in a report on Thursday, June 20th. Five equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $127.00.

Shares of BFAM stock opened at $154.83 on Tuesday. The company has a market cap of $8.89 billion, a P/E ratio of 51.10, a price-to-earnings-growth ratio of 4.26 and a beta of 0.31. Bright Horizons Family Solutions has a one year low of $103.70 and a one year high of $155.00. The company’s fifty day moving average price is $140.71. The company has a quick ratio of 0.36, a current ratio of 0.36 and a debt-to-equity ratio of 1.24.

Bright Horizons Family Solutions (NYSE:BFAM) last announced its quarterly earnings data on Tuesday, April 30th. The company reported $0.81 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.79 by $0.02. The firm had revenue of $501.76 million for the quarter, compared to the consensus estimate of $497.24 million. Bright Horizons Family Solutions had a net margin of 8.38% and a return on equity of 23.38%. The company’s revenue was up 8.2% on a year-over-year basis. During the same period last year, the firm earned $0.72 EPS. As a group, equities analysts expect that Bright Horizons Family Solutions will post 3.39 earnings per share for the current year.

In other news, CFO Elizabeth J. Boland sold 3,500 shares of the business’s stock in a transaction dated Wednesday, May 22nd. The shares were sold at an average price of $133.23, for a total value of $466,305.00. Following the sale, the chief financial officer now directly owns 123,841 shares in the company, valued at approximately $16,499,336.43. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Stephen I. Dreier sold 6,500 shares of the business’s stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $151.84, for a total transaction of $986,960.00. Following the completion of the sale, the executive vice president now owns 41,023 shares in the company, valued at $6,228,932.32. The disclosure for this sale can be found here. Over the last quarter, insiders sold 38,808 shares of company stock worth $5,489,526. 1.90% of the stock is currently owned by insiders.

Institutional investors have recently bought and sold shares of the company. SG Americas Securities LLC bought a new stake in shares of Bright Horizons Family Solutions in the 4th quarter worth about $114,000. LPL Financial LLC increased its holdings in shares of Bright Horizons Family Solutions by 16.9% in the 4th quarter. LPL Financial LLC now owns 18,610 shares of the company’s stock worth $2,074,000 after buying an additional 2,690 shares during the last quarter. Bluestein R H & Co. bought a new stake in shares of Bright Horizons Family Solutions in the 1st quarter worth about $381,000. Nomura Asset Management Co. Ltd. increased its holdings in shares of Bright Horizons Family Solutions by 1.3% in the 1st quarter. Nomura Asset Management Co. Ltd. now owns 13,570 shares of the company’s stock worth $1,725,000 after buying an additional 170 shares during the last quarter. Finally, Great Point Wealth Advisors LLC bought a new stake in shares of Bright Horizons Family Solutions in the 4th quarter worth about $1,019,000. Hedge funds and other institutional investors own 97.29% of the company’s stock.

About Bright Horizons Family Solutions

Bright Horizons Family Solutions Inc provides child care and early education, back-up care, and educational advisory services for employers and families. The company operates through three segments: Full Service Center-Based Child Care, Back-Up Care, and Educational Advisory Services. The Full Service Center-Based Child Care segment offers traditional center-based child care, preschool, and elementary education services.

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

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