Robert W. Baird Reiterates “Hold” Rating for Bright Horizons Family Solutions (BFAM)
Bright Horizons Family Solutions (NYSE:BFAM)‘s stock had its “hold” rating restated by research analysts at Robert W. Baird in a report released on Tuesday. They currently have a $100.00 price target on the stock. Robert W. Baird’s price target suggests a potential upside of 5.40% from the stock’s current price.
Several other research analysts have also recently weighed in on the company. Barclays reaffirmed a “buy” rating and set a $105.00 target price on shares of Bright Horizons Family Solutions in a research note on Wednesday, December 27th. Macquarie began coverage on Bright Horizons Family Solutions in a research note on Thursday, December 21st. They set a “neutral” rating and a $95.00 target price for the company. Royal Bank of Canada reaffirmed a “buy” rating and set a $89.00 target price on shares of Bright Horizons Family Solutions in a research note on Wednesday, December 20th. Zacks Investment Research cut Bright Horizons Family Solutions from a “buy” rating to a “hold” rating in a research note on Friday, December 8th. Finally, Citigroup raised their target price on Bright Horizons Family Solutions from $92.00 to $100.00 and gave the company a “buy” rating in a research note on Friday, November 3rd. Six research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $96.13.
Shares of Bright Horizons Family Solutions (NYSE:BFAM) traded down $0.09 during mid-day trading on Tuesday, reaching $94.88. The company had a trading volume of 136,000 shares, compared to its average volume of 203,671. Bright Horizons Family Solutions has a fifty-two week low of $65.00 and a fifty-two week high of $95.82. The company has a market capitalization of $5,640.00, a PE ratio of 46.74, a P/E/G ratio of 1.67 and a beta of 0.13. 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 announced its earnings results on Wednesday, November 1st. The company reported $0.62 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.57 by $0.05. Bright Horizons Family Solutions had a return on equity of 19.72% and a net margin of 7.22%. The business had revenue of $433.30 million during the quarter, compared to analysts’ expectations of $429.36 million. During the same quarter last year, the business posted $0.49 earnings per share. The company’s quarterly revenue was up 12.9% on a year-over-year basis. sell-side analysts expect that Bright Horizons Family Solutions will post 2.5 EPS for the current year.
In related news, COO Mary Lou Burke sold 1,100 shares of the stock in a transaction on 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 in the company, valued at approximately $2,944,091.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Joshua Bekenstein sold 3,504,999 shares of the stock in a transaction on Tuesday, November 14th. The shares were sold at an average price of $87.26, for a total value of $305,846,212.74. The disclosure for this sale can be found here. Insiders sold a total of 3,623,396 shares of company stock valued at $316,276,898 in the last quarter. 2.90% of the stock is currently owned by corporate insiders.
Institutional investors have recently made changes to their positions in the stock. Acrospire Investment Management LLC lifted its stake in Bright Horizons Family Solutions by 250.0% in the 2nd quarter. Acrospire Investment Management LLC now owns 1,400 shares of the company’s stock worth $108,000 after acquiring an additional 1,000 shares in the last quarter. Zions Bancorporation purchased a new stake in Bright Horizons Family Solutions in the 3rd quarter worth about $170,000. Advisor Group Inc. lifted its stake in Bright Horizons Family Solutions by 213.6% in the 2nd quarter. Advisor Group Inc. now owns 1,988 shares of the company’s stock worth $152,000 after acquiring an additional 1,354 shares in the last quarter. Keybank National Association OH purchased a new stake in Bright Horizons Family Solutions in the 3rd quarter worth about $221,000. Finally, Private Advisor Group LLC purchased a new stake in Bright Horizons Family Solutions in the 3rd quarter worth about $237,000. 98.70% of the stock is owned by hedge funds and other institutional investors.
TRADEMARK VIOLATION WARNING: “Robert W. Baird Reiterates “Hold” Rating for Bright Horizons Family Solutions (BFAM)” was first reported by Watch List News and is the property of of Watch List News. If you are viewing this report on another publication, it was illegally copied and republished in violation of US and international copyright & trademark law. The correct version of this report can be accessed at https://www.watchlistnews.com/robert-w-baird-reiterates-hold-rating-for-bright-horizons-family-solutions-bfam/1803250.html.
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.
Receive News & Ratings for Bright Horizons Family Solutions Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bright Horizons Family Solutions and related companies with MarketBeat.com's FREE daily email newsletter.