According to research released Friday by BMO Capital Markets, equity analysts raised their price target for Bright Horizons Family Solutions (NYSE: BFAM) from $74.00 to $84.00. The Fly writes about this development. Compared to the stock’s most recent closing price, the target price established by BMO Capital Markets represents a possible gain of 11.13 percentage points.
Additionally, several analysts have already written research papers on the company based on their findings.
Robert W. Baird lowered the price target for Bright Horizons Family Solutions from $115.00 to $83.00 in a research report released Wednesday, August 3. Goldman Sachs Group lowered its target price for shares of Bright Horizons Family Solutions from $108.00 to $94.00 while maintaining their “buy” recommendation on the stock in a research note released Nov. 2. Deutsche Bank Aktiengesellschaft dropped its price target for Bright Horizons Family Solutions on August 3, in a research note published that day. The new price target is $77.00, down from $90.00 previously. According to the findings of a study published by TheStreet on November 2, Bright Horizons Family Solutions received a rating lower than “c”, specifically “d+”. Additionally, in a research note released Nov. 2, Morgan Stanley lowered its “underweight” rating and price target for Bright Horizons Family Solutions, which had previously been set at $60.00. The new target price is $57.00. There is one analyst who recommends selling the stock, two who think investors should maintain their current position, and four who think investors should buy the stock. According to information on Bloomberg.com, the consensus opinion on the company is “hold”, with analysts expecting its price to hit $80.29 on average shortly.
At noon on Friday, the price of a share of BFAM increased by $0.86, reaching $75.59. The number of company shares that changed hands was 8,159, compared to the average daily trading volume of 550,008. The stock price has had a moving average of $62.60 over the past fifty days, while its price has had a moving average of $77.50 over the past two hundred days. The quick, current, and leverage ratios all equal 0.87, while the quick ratio is 0.86 and the leverage ratio is 0.86. The company has a beta of 1.11 and a market value of $4.37 billion. His PE ratio is 56.07 and his market value is $4.37 billion. The lowest price reached by Bright Horizons Family Solutions in the past year was $54.19, while its highest price was $142.74.
BFAM shares were bought and sold by several institutional investors. During the first three months of the year, First Bank & Trust increased its stake in Bright Horizons Family Solutions by 75.8%. First Bank & Trust has now acquired a total of 842 shares of the company, which have a combined value of $112,000 ($122,000). This was accomplished by purchasing 363 additional shares during the last quarter. RMB Capital Management LLC increased its investment in Bright Horizons Family Solutions by 3.4% during the first quarter of the year. At present, RMB Capital Management LLC owns 50,420 shares of the company. Together, these shares are worth a total of $6,690,000. The previous quarter saw the purchase of an additional 1,652 shares, which led to this development. Liontrust Investment Partners LLP increased its stake in Bright Horizons Family Solutions by 1.1% during the first quarter of the year. Since the start of the last quarter, Liontrust Investment Partners LLP has purchased an additional 13,200 shares of the company, bringing its total number of shares held to 1,245,400, valued at $165,252,000. During the first three months of 2018, Mirova US LLC increased its stake in Bright Horizons Family Solutions by 7.7%. Mirova US LLC now owns 647,270 shares of the company after purchasing an additional 46,406 shares in the last quarter. The value of the company’s shares held by Mirova US LLC is $85,886,000. In the first three months of 2018, Crossmark Global Holdings Inc. increased the percentage of Bright Horizons Family Solutions it held in the business by 8.7%. After purchasing an additional 200 shares in the last quarter, Crossmark Global Holdings Inc. now owns a total of 2,507 shares of the company, giving the holdings a value of $332,000. The institutions hold 90.66% of the total shares of the company.
Bright Horizons Family Solutions, Inc. provides:
Preschool education and daycare.
Pedagogical advice service.
Other solutions for employers and families.
the activity is split into three distinct divisions, which are as follows: childcare in a multi-service centre, supplementary childcare; educational consultancy services; and other services.