Shares of Bright Horizons Family Solutions Inc (NYSE:BFAM) have received an average rating of “Hold” from the thirteen brokerages that are covering the company, MarketBeat.com reports. Eight investment analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $103.78.

A number of equities research analysts have recently issued reports on BFAM shares. Zacks Investment Research downgraded shares of Bright Horizons Family Solutions from a “hold” rating to a “sell” rating in a research report on Wednesday, August 8th. BMO Capital Markets boosted their price objective on shares of Bright Horizons Family Solutions from $114.00 to $118.00 and gave the company a “market perform” rating in a research report on Monday, August 6th. Finally, Citigroup downgraded shares of Bright Horizons Family Solutions from a “buy” rating to a “neutral” rating in a research report on Friday, August 3rd. They noted that the move was a valuation call.

Shares of BFAM stock traded up $0.25 during mid-day trading on Friday, reaching $118.27. 6,665 shares of the company’s stock traded hands, compared to its average volume of 188,465. Bright Horizons Family Solutions has a 12 month low of $77.68 and a 12 month high of $120.07. The company has a debt-to-equity ratio of 1.39, a current ratio of 0.34 and a quick ratio of 0.34. The company has a market cap of $6.86 billion, a price-to-earnings ratio of 46.38, a PEG ratio of 2.70 and a beta of 0.12.

Bright Horizons Family Solutions (NYSE:BFAM) last issued its quarterly earnings data on Thursday, August 2nd. The company reported $0.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.85 by $0.02. Bright Horizons Family Solutions had a net margin of 8.77% and a return on equity of 20.90%. The firm had revenue of $490.00 million during the quarter, compared to the consensus estimate of $486.63 million. During the same quarter in the previous year, the firm posted $0.74 EPS. The company’s revenue for the quarter was up 10.0% compared to the same quarter last year. equities research analysts expect that Bright Horizons Family Solutions will post 2.92 EPS for the current year.

In other Bright Horizons Family Solutions news, CEO Stephen Howard Kramer sold 3,500 shares of the business’s stock in a transaction on Monday, July 16th. The shares were sold at an average price of $108.58, for a total value of $380,030.00. Following the sale, the chief executive officer now owns 100,900 shares in the company, valued at approximately $10,955,722. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Mandy Berman sold 500 shares of the business’s stock in a transaction on Monday, July 2nd. The stock was sold at an average price of $101.68, for a total transaction of $50,840.00. Following the completion of the sale, the chief accounting officer now owns 20,880 shares in the company, valued at approximately $2,123,078.40. The disclosure for this sale can be found here. Insiders sold a total of 42,517 shares of company stock valued at $4,752,505 in the last ninety days. 2.20% of the stock is currently owned by insiders.

Hedge funds have recently made changes to their positions in the business. Quadrature Capital Ltd lifted its stake in Bright Horizons Family Solutions by 79.7% in the 1st quarter. Quadrature Capital Ltd now owns 10,831 shares of the company’s stock worth $1,080,000 after purchasing an additional 4,804 shares in the last quarter. Key Square Capital Management LLC purchased a new stake in shares of Bright Horizons Family Solutions during the 1st quarter valued at about $9,972,000. Unigestion Holding SA purchased a new stake in shares of Bright Horizons Family Solutions during the 2nd quarter valued at about $3,061,000. Daiwa SB Investments Ltd. purchased a new stake in shares of Bright Horizons Family Solutions during the 2nd quarter valued at about $1,776,000. Finally, Forsta AP Fonden purchased a new stake in shares of Bright Horizons Family Solutions during the 1st quarter valued at about $2,094,000. Institutional investors and hedge funds own 99.00% of the company’s stock.

Bright Horizons Family Solutions Company Profile

Bright Horizons Family Solutions Inc provides child care and early education, back-up dependent care, and educational advisory services for employers and families. The company operates through three segments: Full Service Center-Based Child Care, Back-Up Dependent Care, and Other Educational Advisory Services.

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Analyst Recommendations for Bright Horizons Family Solutions (NYSE:BFAM)

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