Bright Horizons Family Solutions (NYSE:BFAM) Upgraded at BMO Capital Markets

Bright Horizons Family Solutions (NYSE:BFAM) was upgraded by BMO Capital Markets from a “market perform” rating to an “outperform” rating in a report released on Monday, MarketBeat reports. The firm presently has a $125.00 target price on the stock, down from their prior target price of $137.00. BMO Capital Markets’ price target would indicate a potential upside of 20.19% from the stock’s current price.

Other equities analysts have also recently issued reports about the company. Barclays raised their price objective on Bright Horizons Family Solutions from $125.00 to $160.00 and gave the company an “overweight” rating in a report on Friday, August 30th. UBS Group boosted their price target on shares of Bright Horizons Family Solutions from $145.00 to $148.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 5th. Morgan Stanley lifted their price objective on Bright Horizons Family Solutions from $100.00 to $108.00 and gave the stock an “underweight” rating in a report on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft raised their price target on Bright Horizons Family Solutions from $114.00 to $140.00 and gave the stock a “hold” rating in a research report on Friday, August 2nd. Finally, The Goldman Sachs Group raised their target price on shares of Bright Horizons Family Solutions from $142.00 to $162.00 and gave the stock a “buy” rating in a report on Tuesday, November 5th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $141.50.

Bright Horizons Family Solutions Stock Performance

NYSE:BFAM opened at $104.00 on Monday. The stock has a market cap of $6.05 billion, a P/E ratio of 52.26 and a beta of 1.49. The company has a quick ratio of 0.56, a current ratio of 0.61 and a debt-to-equity ratio of 0.66. The business’s 50-day moving average price is $131.45 and its two-hundred day moving average price is $122.63. Bright Horizons Family Solutions has a twelve month low of $85.95 and a twelve month high of $141.90.

Bright Horizons Family Solutions (NYSE:BFAM) last announced its earnings results on Monday, November 4th. The company reported $1.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.06 by $0.05. The business had revenue of $719.00 million during the quarter, compared to analyst estimates of $713.16 million. Bright Horizons Family Solutions had a net margin of 4.44% and a return on equity of 13.23%. Bright Horizons Family Solutions’s revenue for the quarter was up 11.3% on a year-over-year basis. During the same period in the previous year, the business posted $0.78 earnings per share. As a group, equities analysts predict that Bright Horizons Family Solutions will post 3 EPS for the current fiscal year.

Insiders Place Their Bets

In other Bright Horizons Family Solutions news, COO Mary Lou Burke sold 800 shares of the firm’s stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $140.65, for a total transaction of $112,520.00. Following the completion of the transaction, the chief operating officer now owns 31,825 shares of the company’s stock, valued at approximately $4,476,186.25. This trade represents a 2.45 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.22% of the company’s stock.

Institutional Investors Weigh In On Bright Horizons Family Solutions

Hedge funds have recently added to or reduced their stakes in the stock. Raleigh Capital Management Inc. purchased a new position in Bright Horizons Family Solutions in the 3rd quarter worth approximately $29,000. V Square Quantitative Management LLC purchased a new position in shares of Bright Horizons Family Solutions in the third quarter worth $35,000. Whittier Trust Co. of Nevada Inc. boosted its position in shares of Bright Horizons Family Solutions by 850.0% during the second quarter. Whittier Trust Co. of Nevada Inc. now owns 342 shares of the company’s stock valued at $38,000 after buying an additional 306 shares during the last quarter. True Wealth Design LLC bought a new stake in Bright Horizons Family Solutions in the 3rd quarter worth about $49,000. Finally, Daiwa Securities Group Inc. increased its holdings in Bright Horizons Family Solutions by 73.3% in the 2nd quarter. Daiwa Securities Group Inc. now owns 390 shares of the company’s stock worth $43,000 after buying an additional 165 shares in the last quarter.

About Bright Horizons Family Solutions

Bright Horizons Family Solutions Inc provides early education and childcare, back-up care, educational advisory, and other workplace solutions services for employers and families in the United States, Puerto Rico, the United Kingdom, the Netherlands, Australia, and India. The company operates in three segments: Full Service Center-Based Child Care, Back-Up Care, and Educational Advisory and Other Services.