Bright Horizons Family Solutions (NYSE:BFAM) was upgraded by investment analysts at ValuEngine from a “hold” rating to a “buy” rating in a research report issued on Friday.
Several other equities analysts also recently weighed in on the company. Bank of America started coverage on Bright Horizons Family Solutions in a research report on Tuesday, October 23rd. They set a “neutral” rating and a $118.00 price target for the company. JPMorgan Chase & Co. raised their price target on Bright Horizons Family Solutions from $121.00 to $125.00 and gave the stock an “overweight” rating in a research report on Friday, November 2nd. BMO Capital Markets dropped their price target on Bright Horizons Family Solutions from $123.00 to $120.00 and set a “market perform” rating for the company in a research report on Tuesday, November 6th. Barclays raised their price target on Bright Horizons Family Solutions from $105.00 to $125.00 and gave the stock an “overweight” rating in a research report on Friday, November 2nd. Finally, Robert W. Baird raised their price target on Bright Horizons Family Solutions from $115.00 to $122.00 and gave the stock a “neutral” rating in a research report on Friday, November 2nd. Seven analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $117.11.
Get Bright Horizons Family Solutions alerts:Bright Horizons Family Solutions stock opened at $117.92 on Friday. The company has a quick ratio of 0.39, a current ratio of 0.39 and a debt-to-equity ratio of 1.33. The firm has a market cap of $6.84 billion, a price-to-earnings ratio of 46.24 and a beta of 0.35. Bright Horizons Family Solutions has a fifty-two week low of $91.29 and a fifty-two week high of $123.93.
In other news, Director Linda A. Mason sold 22,045 shares of the firm’s stock in a transaction on Monday, December 3rd. The stock was sold at an average price of $123.80, for a total transaction of $2,729,171.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director E Townes Duncan sold 2,000 shares of the firm’s stock in a transaction on Tuesday, November 20th. The stock was sold at an average price of $117.39, for a total value of $234,780.00. The disclosure for this sale can be found here. Insiders have sold 35,645 shares of company stock worth $4,304,405 in the last 90 days. Insiders own 2.20% of the company’s stock.
Several hedge funds have recently bought and sold shares of the company. Enlightenment Research LLC acquired a new position in Bright Horizons Family Solutions in the fourth quarter valued at $67,000. SG Americas Securities LLC acquired a new position in Bright Horizons Family Solutions in the fourth quarter valued at $114,000. Ffcm LLC boosted its holdings in Bright Horizons Family Solutions by 186.5% in the fourth quarter. Ffcm LLC now owns 1,166 shares of the company’s stock valued at $130,000 after acquiring an additional 759 shares during the last quarter. Harvest Fund Management Co. Ltd acquired a new position in Bright Horizons Family Solutions in the third quarter valued at $147,000. Finally, First Hawaiian Bank acquired a new position in Bright Horizons Family Solutions in the third quarter valued at $158,000. Institutional investors and hedge funds own 97.35% 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.
Recommended Story: How to find the components of the quick ratio
To view ValuEngine’s full report, visit ValuEngine’s official website.
No comments:
Post a Comment