Bright Horizons Family Solutions Inc. (NYSE:BFAM) has been given a consensus rating of “Hold” by the nine research firms that are currently covering the firm, Marketbeat reports. Five investment analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $92.50.

Several research firms have recently weighed in on BFAM. Credit Suisse Group lifted their price objective on Bright Horizons Family Solutions from $83.00 to $90.00 and gave the stock a “neutral” rating in a research report on Thursday. Zacks Investment Research raised Bright Horizons Family Solutions from a “hold” rating to a “buy” rating and set a $88.00 price objective for the company in a research report on Friday, August 4th. Citigroup Inc. began coverage on Bright Horizons Family Solutions in a research report on Tuesday, July 18th. They issued a “buy” rating and a $90.00 price objective for the company. BidaskClub lowered Bright Horizons Family Solutions from a “buy” rating to a “hold” rating in a research report on Wednesday, July 12th. Finally, BMO Capital Markets reissued a “hold” rating on shares of Bright Horizons Family Solutions in a research report on Wednesday, October 25th.

In related news, Director Mary Ann Tocio sold 6,666 shares of the business’s stock in a transaction dated Tuesday, August 8th. The stock was sold at an average price of $79.11, for a total value of $527,347.26. Following the completion of the sale, the director now directly owns 67,284 shares of the company’s stock, valued at approximately $5,322,837.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Elizabeth J. Boland sold 19,681 shares of the business’s stock in a transaction dated Tuesday, October 17th. The shares were sold at an average price of $85.16, for a total value of $1,676,033.96. Following the completion of the sale, the chief financial officer now directly owns 152,977 shares of the company’s stock, valued at $13,027,521.32. The disclosure for this sale can be found here. Insiders sold a total of 80,444 shares of company stock valued at $6,516,524 over the last ninety days. 2.90% of the stock is currently owned by corporate insiders.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Swiss National Bank increased its holdings in Bright Horizons Family Solutions by 1.1% during the 3rd quarter. Swiss National Bank now owns 80,079 shares of the company’s stock worth $6,904,000 after purchasing an additional 900 shares in the last quarter. Keybank National Association OH bought a new stake in Bright Horizons Family Solutions during the 3rd quarter worth approximately $221,000. Tygh Capital Management Inc. increased its holdings in Bright Horizons Family Solutions by 7.4% during the 3rd quarter. Tygh Capital Management Inc. now owns 62,937 shares of the company’s stock worth $5,426,000 after purchasing an additional 4,339 shares in the last quarter. Trillium Asset Management LLC bought a new stake in Bright Horizons Family Solutions during the 3rd quarter worth approximately $3,331,000. Finally, Seatown Holdings Pte. Ltd. bought a new stake in Bright Horizons Family Solutions during the 3rd quarter worth approximately $1,035,000. 97.25% of the stock is owned by hedge funds and other institutional investors.

TRADEMARK VIOLATION NOTICE: This piece of content was published by Watch List News and is the property of of Watch List News. If you are reading this piece of content on another publication, it was illegally stolen and republished in violation of United States and international copyright law. The correct version of this piece of content can be read at https://www.watchlistnews.com/bright-horizons-family-solutions-inc-bfam-receives-average-rating-of-hold-from-brokerages/1681265.html.

Bright Horizons Family Solutions (NYSE:BFAM) traded up $0.43 during mid-day trading on Friday, hitting $89.11. The stock had a trading volume of 192,719 shares, compared to its average volume of 156,829. Bright Horizons Family Solutions has a 1 year low of $62.54 and a 1 year high of $93.13. The company has a debt-to-equity ratio of 1.46, a quick ratio of 0.42 and a current ratio of 0.42. The company has a market cap of $5,271.48, a price-to-earnings ratio of 37.44, a PEG ratio of 1.79 and a beta of 0.13.

Bright Horizons Family Solutions (NYSE:BFAM) last posted its quarterly earnings data on Wednesday, November 1st. The company reported $0.62 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.57 by $0.05. Bright Horizons Family Solutions had a return on equity of 20.16% and a net margin of 7.22%. The firm had revenue of $433.30 million during the quarter, compared to analyst estimates of $429.36 million. During the same period last year, the company posted $0.49 EPS. The business’s quarterly revenue was up 12.9% on a year-over-year basis. equities analysts forecast that Bright Horizons Family Solutions will post 2.5 earnings per share for the current year.

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)

Receive News & Ratings for Bright Horizons Family Solutions Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bright Horizons Family Solutions Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.