A number of other analysts have also recently issued reports on the company. Deutsche Bank Aktiengesellschaft boosted their target price on Bright Horizons Family Solutions from $114.00 to $140.00 and gave the stock a "hold" rating in a report on Friday, August 2nd. JPMorgan Chase & Co. boosted their target price on Bright Horizons Family Solutions from $137.00 to $149.00 and gave the stock an "overweight" rating in a report on Tuesday, November 5th. UBS Group boosted their target price on Bright Horizons Family Solutions from $145.00 to $148.00 and gave the stock a "neutral" rating in a report on Tuesday, November 5th. Morgan Stanley boosted their price target on Bright Horizons Family Solutions from $100.00 to $108.00 and gave the stock an "underweight" rating in a research report on Tuesday, November 5th. Finally, BMO Capital Markets raised Bright Horizons Family Solutions from a "market perform" rating to an "outperform" rating and reduced their price target for the stock from $137.00 to $125.00 in a research report on Monday, November 18th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, five have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $141.50.
Get Our Latest Analysis on Bright Horizons Family Solutions
Bright Horizons Family Solutions stock opened at $113.08 on Friday. The stock has a market cap of $6.58 billion, a PE ratio of 56.82 and a beta of 1.49. The stock has a 50-day moving average price of $129.07 and a 200 day moving average price of $122.46. Bright Horizons Family Solutions has a 52 week low of $86.79 and a 52 week high of $141.90. The company has a current ratio of 0.61, a quick ratio of 0.61 and a debt-to-equity ratio of 0.66.
Bright Horizons Family Solutions (NYSE:BFAM - Get Free Report) last posted its quarterly earnings results on Monday, November 4th. The company reported $1.11 EPS for the quarter, beating the consensus estimate of $1.06 by $0.05. The company had revenue of $719.00 million during the quarter, compared to analysts' expectations of $713.16 million. Bright Horizons Family Solutions had a return on equity of 13.23% and a net margin of 4.44%. The firm's revenue was up 11.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.78 EPS. Equities research analysts predict that Bright Horizons Family Solutions will post 3 earnings per share for the current fiscal year.
In related news, COO Mary Lou Burke sold 800 shares of the stock in a transaction on Monday, October 7th. The stock was sold at an average price of $136.94, for a total value of $109,552.00. Following the completion of the transaction, the chief operating officer now owns 31,025 shares in the company, valued at $4,248,563.50. This trade represents a 2.51 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 1.22% of the company's stock.
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. OLD National Bancorp IN boosted its position in shares of Bright Horizons Family Solutions by 2.7% in the 3rd quarter. OLD National Bancorp IN now owns 3,159 shares of the company's stock valued at $443,000 after purchasing an additional 82 shares during the period. EverSource Wealth Advisors LLC boosted its position in Bright Horizons Family Solutions by 6.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,097 shares of the company's stock worth $252,000 after acquiring an additional 119 shares during the period. Avior Wealth Management LLC boosted its position in Bright Horizons Family Solutions by 2.9% during the 3rd quarter. Avior Wealth Management LLC now owns 4,674 shares of the company's stock worth $655,000 after acquiring an additional 133 shares during the period. Daiwa Securities Group Inc. boosted its position in Bright Horizons Family Solutions by 37.2% during the 3rd quarter. Daiwa Securities Group Inc. now owns 535 shares of the company's stock worth $75,000 after acquiring an additional 145 shares during the period. Finally, MJP Associates Inc. ADV boosted its position in Bright Horizons Family Solutions by 7.0% during the 2nd quarter. MJP Associates Inc. ADV now owns 2,390 shares of the company's stock worth $263,000 after acquiring an additional 157 shares during the period.
Bright Horizons Family Solutions Inc provides early education and childcare, back-up care, educational advisory, and other workplace solutions services for employers and families in the United States, Puerto Rico, the United Kingdom, the Netherlands, Australia, and India. The company operates in three segments: Full Service Center-Based Child Care, Back-Up Care, and Educational Advisory and Other Services.
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