Bright Horizons Family Solutions (BFAM) Rating Reiterated by Robert W. Baird

Robert W. Baird reissued their hold rating on shares of Bright Horizons Family Solutions (NYSE:BFAM) in a report published on Tuesday. They currently have a $100.00 price objective on the stock.

Several other research firms also recently issued reports on BFAM. Royal Bank of Canada restated a buy rating and issued a $89.00 price target on shares of Bright Horizons Family Solutions in a research note on Wednesday, December 20th. Macquarie initiated coverage on Bright Horizons Family Solutions in a research report on Thursday, December 21st. They set a neutral rating and a $95.00 target price for the company. Barclays restated a buy rating and set a $105.00 price objective on shares of Bright Horizons Family Solutions in a research report on Wednesday, December 27th. Zacks Investment Research downgraded Bright Horizons Family Solutions from a buy rating to a hold rating in a research report on Friday, December 8th. Finally, Citigroup upped their price objective on Bright Horizons Family Solutions from $92.00 to $100.00 and gave the stock a buy rating in a research report 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. Bright Horizons Family Solutions has an average rating of Hold and an average target price of $96.13.

Bright Horizons Family Solutions (NYSE:BFAM) traded up $0.01 on Tuesday, reaching $95.44. The company had a trading volume of 137,132 shares, compared to its average volume of 188,193. The company has a market cap of $5,660.45, a P/E ratio of 47.48, a PEG ratio of 1.67 and a beta of 0.13. Bright Horizons Family Solutions has a twelve month low of $65.00 and a twelve month high of $95.91. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.49 and a quick ratio of 0.49.

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

In other Bright Horizons Family Solutions news, COO Mary Lou Burke sold 1,100 shares of the company’s stock in a transaction dated Friday, January 5th. The stock was sold at an average price of $94.48, for a total value of $103,928.00. Following the completion of the transaction, the chief operating officer now owns 31,161 shares of the company’s stock, valued at approximately $2,944,091.28. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Elizabeth J. Boland sold 19,681 shares of the company’s stock in a transaction dated Tuesday, October 17th. The stock was sold at an average price of $85.16, for a total value of $1,676,033.96. Following the completion of the transaction, the chief financial officer now directly owns 152,977 shares of the company’s stock, valued at approximately $13,027,521.32. The disclosure for this sale can be found here. In the last ninety days, insiders sold 3,623,396 shares of company stock valued at $316,276,898. Insiders own 2.90% of the company’s stock.

A number of institutional investors and hedge funds have recently modified their holdings of BFAM. Russell Investments Group Ltd. increased its stake in shares of Bright Horizons Family Solutions by 7.2% in the second quarter. Russell Investments Group Ltd. now owns 6,682 shares of the company’s stock valued at $516,000 after buying an additional 446 shares during the period. Legal & General Group Plc increased its stake in shares of Bright Horizons Family Solutions by 24.0% in the second quarter. Legal & General Group Plc now owns 19,318 shares of the company’s stock valued at $1,492,000 after buying an additional 3,743 shares during the period. Comerica Bank acquired a new stake in shares of Bright Horizons Family Solutions in the second quarter valued at about $230,000. BNP Paribas Arbitrage SA increased its stake in shares of Bright Horizons Family Solutions by 32.6% in the second quarter. BNP Paribas Arbitrage SA now owns 3,475 shares of the company’s stock valued at $268,000 after buying an additional 854 shares during the period. Finally, Utah Retirement Systems acquired a new stake in shares of Bright Horizons Family Solutions in the second quarter valued at about $714,000. 98.70% of the stock is owned by institutional investors and hedge funds.

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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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