Bright Horizons Family Solutions Inc. (NYSE:BFAM) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM) have been assigned a consensus rating of “Moderate Buy” from the nine brokerages that are presently covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, three have given a hold recommendation, four have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $128.7143.

BFAM has been the subject of several analyst reports. JPMorgan Chase & Co. boosted their price target on Bright Horizons Family Solutions from $156.00 to $160.00 and gave the company an “overweight” rating in a report on Friday, October 31st. Morgan Stanley dropped their price objective on Bright Horizons Family Solutions from $104.00 to $96.00 and set an “underweight” rating for the company in a report on Friday, October 24th. Weiss Ratings restated a “hold (c+)” rating on shares of Bright Horizons Family Solutions in a report on Wednesday, October 8th. BMO Capital Markets restated an “outperform” rating and set a $124.00 price objective on shares of Bright Horizons Family Solutions in a report on Friday, October 31st. Finally, UBS Group upped their price objective on Bright Horizons Family Solutions from $112.00 to $120.00 and gave the stock a “neutral” rating in a report on Friday, October 31st.

Insider Activity at Bright Horizons Family Solutions

In other news, COO Mary Lou Burke sold 1,000 shares of the company’s stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $108.52, for a total transaction of $108,520.00. Following the completion of the sale, the chief operating officer directly owned 26,449 shares in the company, valued at $2,870,245.48. This represents a 3.64% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. 1.21% of the stock is currently owned by insiders.

Institutional Trading of Bright Horizons Family Solutions

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Optimize Financial Inc acquired a new stake in shares of Bright Horizons Family Solutions during the 3rd quarter worth $556,000. AGF Management Ltd. boosted its position in Bright Horizons Family Solutions by 19.6% during the 3rd quarter. AGF Management Ltd. now owns 27,470 shares of the company’s stock worth $2,982,000 after purchasing an additional 4,500 shares during the period. State of Wyoming boosted its position in Bright Horizons Family Solutions by 88.6% during the 3rd quarter. State of Wyoming now owns 1,122 shares of the company’s stock worth $122,000 after purchasing an additional 527 shares during the period. Principal Financial Group Inc. boosted its position in Bright Horizons Family Solutions by 183.2% during the 3rd quarter. Principal Financial Group Inc. now owns 6,926 shares of the company’s stock worth $752,000 after purchasing an additional 4,480 shares during the period. Finally, AlphaQuest LLC boosted its position in Bright Horizons Family Solutions by 46.3% during the 3rd quarter. AlphaQuest LLC now owns 8,445 shares of the company’s stock worth $917,000 after purchasing an additional 2,674 shares during the period.

Bright Horizons Family Solutions Trading Down 2.2%

Shares of BFAM opened at $100.33 on Thursday. The stock has a fifty day moving average of $106.34 and a two-hundred day moving average of $116.02. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.56 and a current ratio of 0.56. The company has a market capitalization of $5.71 billion, a PE ratio of 32.90 and a beta of 1.36. Bright Horizons Family Solutions has a fifty-two week low of $91.49 and a fifty-two week high of $132.99.

Bright Horizons Family Solutions (NYSE:BFAM) last issued its quarterly earnings results on Thursday, October 30th. The company reported $1.57 earnings per share for the quarter, beating the consensus estimate of $1.32 by $0.25. The company had revenue of $802.81 million during the quarter, compared to the consensus estimate of $781.16 million. Bright Horizons Family Solutions had a return on equity of 15.12% and a net margin of 6.34%.Bright Horizons Family Solutions’s revenue was up 11.6% on a year-over-year basis. During the same period in the previous year, the firm posted $1.11 EPS. Bright Horizons Family Solutions has set its FY 2025 guidance at 4.480-4.530 EPS. As a group, analysts forecast that Bright Horizons Family Solutions will post 3.61 EPS for the current year.

Bright Horizons Family Solutions Company Profile

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.