StockNews.com equity analysts stated in a report made available to the public on Thursday that they would begin covering Bright Horizons Family Solutions (NYSE: BFAM).
The company recommended to its customers that they “sell” the company’s shares in which they had invested.
The price of a share of BFAM stock started the trading day on Thursday at $78.95.
The stock has a price-to-earnings ratio of 57.63 and a beta value of 1.21.
The total value of the company’s shares on the market equals 4.56 billion dollars.
Bright Horizons Family Solutions reached its low point over the past year at $54.19, while the company reached its high point over the past year at $140.02.
The moving average of the company’s stock price over the past 200 days is $69.36, and the moving average over the last 50 days is $77.22.
A debt-to-equity ratio of 0.89 has been calculated, while the current ratio has been calculated at 0.44, and the quick ratio has also been calculated at 0.44.
Recent studies on the stock have been authored by several equity research experts and published recently.
The most recent events are the primary focus of these papers.
In a research note published on Friday, March 3rd, Citigroup boosted their “buy” rating for Bright Horizons Family Solutions shares from $92.00 to $95.00 and increased their price objective for the stock from $92.00 to $95.00.
Both of these changes were made to the stock’s price.
BMO Capital Markets decreased their price target on Bright Horizons Family Solutions shares from $80.00 to $80.00 while maintaining an “outperform” rating on the stock in a research note published on Tuesday, February 21st.
The Bright Horizons Family Solutions rating at TheStreet was raised to a “c-” on January 30th, up from a “d+” rating previously held by the company. Goldman Sachs Group lowered their target price on Bright Horizons Family Solutions shares from $94.00 to $82.00.
It gave the company a “buy” rating in a research note published on Friday, February 17th.
The research note was made available to the public.
The note was related to the company and is a work made accessible to the general public on Friday, December 2nd.
Barclays downgraded the stock of Bright Horizons Family Solutions from “overweight” to “equal weight,” and the brokerage firm also set a price target of $75.00 for the stock.
Three analysts have provided a recommendation to buy the stock, three others have provided a recommendation to hold onto the stock, and two market watchers have provided a recommendation to sell the stock.
Bloomberg has provided information indicating that the current rating for Bright Horizons Family Solutions is “Hold” and that the price target for the company has been set at $77.57.
Recently, institutional investors and hedge funds adjusted the percentage of the company’s stock in their portfolios to better align with their investment strategies.
The Massachusetts Financial Services Company, MA, increased the amount of Bright Horizons Family Solutions stock that is owned by 32.2% during the second quarter of the fiscal year.
The Massachusetts Financial Services Co, MA, now has 4,073,218 shares of the company’s stock, currently valued at $344,270.
This is because the company made an additional purchase of 991,546 shares during the relevant period.
DURING THE SECOND QUARTER, Price T. Rowe Associates INC (MD) brought the total amount of Bright Horizons Family Solutions stock that it owned to a level that was 9.8 percent higher than before.
Price T. Rowe Associates INC (MD) now has 9,643,500 shares of the company’s stock, worth $815,069,000, after purchasing an additional 864,487 shares during the most recent period.
This brings the total number of shares owned by the company to 9,643,500.
Throughout the period covered by the report for the fourth quarter, Morgan Stanley’s ownership of Bright Horizons Family Solutions increased by 301.8%.
After the most recent acquisition of 643,410 additional shares during the most recent fiscal quarter, Morgan Stanley now has 856,581 shares of the company’s stock, which is $54,050,000.
This is because the firm made the most recent acquisition. Federated Hermes INC increased the amount of Bright Horizons Family Solutions stock owned by 124.2% during the third quarter. Federated Hermes INC now owns 1,032,864 shares of the company’s stock, which are now valued at $59,545,000.
This is a result of the fact that the company acquired an additional 572,129 shares throughout the period in question.
Last but certainly not least, during the final three months of 2018, Norges Bank purchased an additional investment in Bright Horizons Family Solutions valued at approximately $35,706,000.
Bright Horizons Family Solutions, INC offers a wide range of services, some of which include care for dependents and family members, early childhood education, and child care and education for young children.
The following are some of the areas in which it performs exceptionally well: There is a vast selection of services available, some of which include educational advisory, backup care, and full-service center-based child care. Other services include a wide range of options. Full-service center-based child care is a category of childcare options that include traditional center-based child care and early education, preschool, and elementary education.
This category also includes traditional center-based child care.