Latest Stocks: Bright Horizons Family Solutions Inc (BFAM) Stock Rating Upgraded by Zacks Investment Research

Latest Stocks: Bright Horizons Family Solutions Inc (BFAM) Stock Rating Upgraded by Zacks Investment Research

Bright Horizons Family Solutions Inc (NYSE:BFAM) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report released on Friday. The brokerage currently has a $87.00 price objective on the stock. Zacks Investment Research‘s target price would indicate a potential upside of 12.71% from the stock’s current price.

According to Zacks, “Bright Horizons Family Solutions Inc. is engaged in providing employer-sponsored child care, early education and work/life solutions. Its employer-sponsored child care programs include child care and early education centers, infant/toddler/preschool care and education, full and part-time child care, kindergarten, school-age programs, summer camps and back-up care. Bright Horizons manages child care centers for corporations, hospitals, universities and government agencies The Company operates primarily in North America, Europe and India. Bright Horizons Family Solutions Inc. is based in Watertown, Massachusetts. “

Several other analysts have also recently commented on BFAM. William Blair reiterated a “market perform” rating on shares of Bright Horizons Family Solutions in a research note on Friday, February 10th. Royal Bank of Canada reiterated a “buy” rating and issued a $74.00 price target on shares of Bright Horizons Family Solutions in a research note on Friday, February 10th. Credit Suisse Group AG set a $80.00 price target on shares of Bright Horizons Family Solutions and gave the stock a “buy” rating in a research note on Saturday, February 11th. Finally, BMO Capital Markets reiterated a “hold” rating and issued a $83.00 price target on shares of Bright Horizons Family Solutions in a research note on Friday, May 5th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Bright Horizons Family Solutions currently has a consensus rating of “Buy” and an average target price of $79.86.

Bright Horizons Family Solutions (NYSE BFAM) opened at 77.19 on Friday. Bright Horizons Family Solutions has a 1-year low of $59.00 and a 1-year high of $81.23. The company has a 50-day moving average price of $76.54 and a 200-day moving average price of $71.74. The company has a market cap of $4.62 billion, a PE ratio of 42.23 and a beta of 0.16. Bright Horizons Family Solutions (NYSE:BFAM) last announced its quarterly earnings results on Thursday, May 4th. The company reported $0.58 EPS for the quarter, topping the consensus estimate of $0.53 by $0.05. The business had revenue of $422 million for the quarter, compared to analysts’ expectations of $422.32 million. Bright Horizons Family Solutions had a net margin of 6.04% and a return on equity of 17.57%. The business’s quarterly revenue was up 9.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.51 EPS. On average, analysts expect that Bright Horizons Family Solutions will post $2.61 EPS for the current fiscal year.

Bright Horizons Family Solutions (NYSE BFAM) opened at 77.19 on Friday. Bright Horizons Family Solutions has a 1-year low of $59.00 and a 1-year high of $81.23. The company has a 50-day moving average price of $76.54 and a 200-day moving average price of $71.74. The company has a market cap of $4.62 billion, a PE ratio of 42.23 and a beta of 0.16. In other news, major shareholder Bain Capital Investors Llc sold 4,124,534 shares of the business’s stock in a transaction dated Tuesday, May 16th. The shares were sold at an average price of $79.25, for a total value of $326,869,319.50. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, COO Mary Lou Burke sold 5,000 shares of the business’s stock in a transaction dated Monday, June 5th. The stock was sold at an average price of $77.76, for a total transaction of $388,800.00. Following the completion of the sale, the chief operating officer now owns 36,380 shares in the company, valued at $2,828,908.80. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 4,240,388 shares of company stock worth $335,604,891. Insiders own 4.00% of the company’s stock.

Several hedge funds have recently bought and sold shares of the company. FTB Advisors Inc. increased its stake in Bright Horizons Family Solutions by 106.7% in the first quarter. FTB Advisors Inc. now owns 1,660 shares of the company’s stock worth $126,000 after buying an additional 857 shares during the period. BNP Paribas Arbitrage SA increased its stake in Bright Horizons Family Solutions by 83.5% in the first quarter. BNP Paribas Arbitrage SA now owns 2,621 shares of the company’s stock worth $190,000 after buying an additional 1,193 shares during the period. GSA Capital Partners LLP acquired a new stake in Bright Horizons Family Solutions during the fourth quarter worth $220,000. Comerica Bank acquired a new stake in Bright Horizons Family Solutions during the fourth quarter worth $232,000. Finally, PEAK6 Investments L.P. acquired a new stake in Bright Horizons Family Solutions during the fourth quarter worth $234,000. Hedge funds and other institutional investors own 99.98% of the company’s stock. About Bright Horizons Family Solutions

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