The previous recommendation of “sell” for Bright Horizons Family Solutions (NYSE: BFAM) was changed to “hold” in a report that was published on Thursday by StockNews.com.
Additional research into BFAM has been carried out in many studies.
The shares of Bright Horizons Family Solutions were given a rating of “d-” by TheStreet in a research report that was published on Wednesday, November 2nd. This rating represents a drop from a rating of “c,” which was previously held, to a rating of “d+,” which is currently held. According to a report made available to the general public on November 11th, BMO Capital Markets stated that the price objective they had established for Bright Horizons Family Solutions shares had increased from $74.00 to $84.00 over the past month. Morgan Stanley assigned an “underweight” rating to Bright Horizons Family Solutions; consequently, the firm decreased its share price target from $60.00 to $57.00 and published the study on November 2nd. In addition, the firm’s price target for the company’s shares was also reduced. Finally, Barclays lowered its Bright Horizons Family Solutions stock rating from “overweight” to “equal weight,” and the brokerage firm set a price target of $75.00 for the stock. It is a piece of writing made accessible to the general public on Friday, December 2nd.
Last but not least, in a research note distributed on November 3rd, Citigroup decreased its price objective for Bright Horizons Family Solutions from $115.00 to $92.00 while maintaining its “buy” rating on the stock. Three analysts have recommended purchasing the stock, one has suggested selling it, and three believe that investors should maintain their current stock holdings. According to the information made available by Bloomberg, the company is currently rated as having a “Hold” status, and the price objective determined by consensus is $80.29.
When trading began on Thursday, the BFAM share price was set at $63.95 per share. Bright Horizons Family Solutions has seen its share price go as low as $54.19 over the past year, while it has reached an all-time high of $140.02 during the same period. The stock is currently trading for 47.37 times its annual earnings has a beta value of 1.14, and has a market value of $3.69 billion. The company’s stock price over the past 50 days is $67.15, and its straightforward moving average over the past 200 days is $72.57. All the financial ratios, including the debt-to-equity ratio, the current ratio, and the quick ratio, are equal to 0.44. 0.44 is the ratio of current assets to liabilities on a company’s balance sheet.
A variety of hedge funds and institutional investors have either changed the number of BFAM shares they hold or reduced the number of shares they hold as a whole. Eagle Bay Advisors LLC raised its stake in Bright Horizons Family Solutions during the second quarter by purchasing a new position. This brought the total value of their holdings up to approximately $26,000 at the end of the period. Global Retirement Partners LLC achieved a 52.3% increase in the proportion of Bright Horizons Family Solutions that it owned during the third quarter of the fiscal year. After purchasing 171 additional shares during the relevant period, Global Retirement Partners LLC now directly owns 498 shares of the company’s stock, each of which has a value of $33,000. These shares were acquired during the period in question. Venture Visionary Partners LLC increased the number of shares it owned in Bright Horizons Family Solutions during the year’s second quarter. This brought the total value of the company’s investment in the business to approximately $46,000. The amount of Bright Horizons Family Solutions stock that Private Capital Group LLC owned as of the end of the second quarter was 14.2% higher than it was at the beginning of the quarter. The most recent quarter saw Private Capital Group LLC acquire an additional 120 shares of the company’s stock, bringing the total number of shares owned in the company to 963, with an estimated value of $81,000. This increased their total number of shares in the company to 963.
Last but not least, during the second quarter, First Horizon Advisors Inc. saw a rise of 265.9% in the amount of interest it had in Bright Horizons Family Solutions. This is not to say that this is the least significant finding. After purchasing an additional 888 shares during the most recent quarter, First Horizon Advisors Inc. now owns 1,222, valued at $102,000.Currently, 90.66% of the company’s shares are owned by hedge funds and other institutional investors.
The early education and child care services offered by Bright Horizons Family Solutions Inc. are available to families and businesses, as are the company’s backup care options, educational advisory services, and other workplace solutions. The organization’s functions can be summarized as follows: full-service center-based child care; backup care; educational advisory services; and other services.
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