Bright Horizons Family Solutions Inc (NYSE:BFAM) has been given an average rating of “Hold” by the nine brokerages that are covering the company, Marketbeat.com reports. Five analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $100.50.
BFAM has been the subject of several research reports. Zacks Investment Research upgraded Bright Horizons Family Solutions from a “hold” rating to a “buy” rating and set a $100.00 price objective for the company in a research note on Tuesday, November 7th. Credit Suisse Group boosted their price objective on Bright Horizons Family Solutions from $83.00 to $90.00 and gave the stock a “neutral” rating in a research note on Thursday, November 2nd. BMO Capital Markets reiterated a “hold” rating on shares of Bright Horizons Family Solutions in a research note on Wednesday, October 25th. Macquarie initiated coverage on Bright Horizons Family Solutions in a research note on Thursday, December 21st. They set a “neutral” rating and a $95.00 price objective for the company. Finally, Royal Bank of Canada boosted their price objective on Bright Horizons Family Solutions to $98.00 and gave the stock an “outperform” rating in a research note on Friday, January 19th. They noted that the move was a valuation call.
In other news, EVP Stephen I. Dreier sold 1,141 shares of the company’s stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $94.00, for a total value of $107,254.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Stephen I. Dreier sold 6,000 shares of the company’s stock in a transaction that occurred on Friday, January 5th. The shares were sold at an average price of $95.14, for a total value of $570,840.00. Following the completion of the sale, the executive vice president now owns 76,038 shares of the company’s stock, valued at $7,234,255.32. The disclosure for this sale can be found here. Insiders sold 44,310 shares of company stock valued at $4,237,617 over the last 90 days. Company insiders own 2.90% of the company’s stock.
Bright Horizons Family Solutions (NYSE BFAM) opened at $96.00 on Tuesday. The company has a quick ratio of 0.49, a current ratio of 0.49 and a debt-to-equity ratio of 1.35. Bright Horizons Family Solutions has a 52 week low of $68.03 and a 52 week high of $98.84. The firm has a market capitalization of $5,690.70, a PE ratio of 37.62, a P/E/G ratio of 2.16 and a beta of 0.15.
Bright Horizons Family Solutions (NYSE:BFAM) last posted its quarterly earnings data on Thursday, February 8th. The company reported $0.73 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.69 by $0.04. Bright Horizons Family Solutions had a return on equity of 20.75% and a net margin of 9.02%. The company had revenue of $440.00 million during the quarter, compared to analyst estimates of $438.99 million. During the same period in the previous year, the business earned $0.56 EPS. Bright Horizons Family Solutions’s quarterly revenue was up 10.4% on a year-over-year basis. research analysts forecast that Bright Horizons Family Solutions will post 2.96 earnings per share for the current year.
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Bright Horizons Family Solutions Company Profile
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.
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