The stock of Bright Horizons Family Solutions Inc (NYSE:BFAM) hit a new 52-week high and has $114.23 target or 59.00% above today’s $71.84 share price. The 8 months bullish chart indicates low risk for the $4.50 billion company. The 1-year high was reported on Nov, 11 by Barchart.com. If the $114.23 price target is reached, the company will be worth $2.66B more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 312,633 shares traded hands or 16.93% up from the average. Bright Horizons Family Solutions Inc (NYSE:BFAM) has risen 9.55% since April 11, 2016 and is uptrending. It has outperformed by 3.40% the S&P500.
Bright Horizons Family Solutions Inc (NYSE:BFAM) Ratings Coverage
Out of 6 analysts covering Bright Horizons (NYSE:BFAM), 4 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 67% are positive. Bright Horizons has been the topic of 10 analyst reports since August 5, 2015 according to StockzIntelligence Inc. William Blair downgraded the shares of BFAM in a report on Wednesday, November 2 to “Market Weight” rating. The stock of Bright Horizons Family Solutions Inc (NYSE:BFAM) has “Overweight” rating given on Wednesday, November 25 by Barclays Capital. The stock has “Overweight” rating given by JP Morgan on Monday, August 15. The company was maintained on Monday, November 9 by RBC Capital Markets. RBC Capital Markets maintained Bright Horizons Family Solutions Inc (NYSE:BFAM) rating on Tuesday, February 9. RBC Capital Markets has “Outperform” rating and $71 price target. On Wednesday, February 3 the stock rating was reinitiated by Credit Suisse with “Outperform”. As per Wednesday, August 5, the company rating was maintained by RBC Capital Markets.
According to Zacks Investment Research, “Bright Horizons Family Solutions Inc. is engaged in providing employer-sponsored child care, early education and work/life solutions. Its employer-sponsored child care programs include child care and early education centers, infant/toddler/preschool care and education, full and part-time child care, kindergarten, school-age programs, summer camps and back-up care. Bright Horizons manages child care centers for corporations, hospitals, universities and government agencies The Company operates primarily in North America, Europe and India. Bright Horizons Family Solutions Inc. is based in Watertown, Massachusetts.”
Insitutional Activity: The institutional sentiment decreased to 1.57 in 2016 Q2. Its down 0.06, from 1.63 in 2016Q1. The ratio worsened, as 19 funds sold all Bright Horizons Family Solutions Inc shares owned while 55 reduced positions. 33 funds bought stakes while 83 increased positions. They now own 57.37 million shares or 3.10% less from 59.21 million shares in 2016Q1.
State Of Wisconsin Invest Board reported 22,760 shares or 0.01% of all its holdings. Fifth Third Savings Bank has invested 0% of its portfolio in Bright Horizons Family Solutions Inc (NYSE:BFAM). The Illinois-based Balyasny Asset Mgmt Lc has invested 0% in Bright Horizons Family Solutions Inc (NYSE:BFAM). Argent Management Limited Liability Company last reported 0.01% of its portfolio in the stock. Hsbc Public Ltd Com holds 7,212 shares or 0% of its portfolio. The Florida-based Eagle Asset Mgmt Inc has invested 0.36% in Bright Horizons Family Solutions Inc (NYSE:BFAM). Bancshares Of Montreal Can last reported 12,703 shares in the company. Axiom International Invsts Lc De has 74,077 shares for 0.14% of their US portfolio. The Massachusetts-based Putnam has invested 0.04% in Bright Horizons Family Solutions Inc (NYSE:BFAM). The Delaware-based Blackrock Advsrs Ltd Liability Co has invested 0% in Bright Horizons Family Solutions Inc (NYSE:BFAM). Pictet Asset Mngmt Ltd last reported 0.1% of its portfolio in the stock. Ameriprise Financial Incorporated owns 42,270 shares or 0% of their US portfolio. Credit Suisse Ag owns 47,488 shares or 0% of their US portfolio. Bessemer Gp Inc has 0% invested in the company for 105 shares. Mount Lucas Mngmt L P accumulated 0.04% or 3,309 shares.
More notable recent Bright Horizons Family Solutions Inc (NYSE:BFAM) news were published by: Prnewswire.com which released: “Bright Horizons Acquires Asquith Day Nurseries & Pre-Schools, Unites UK …” on November 10, 2016, also Forbes.com with their article: “Oversold Conditions For Bright Horizons Family Solutions (BFAM)” published on November 02, 2016, Marketwatch.com published: “Bright Horizons Family Solutions upgraded to overweight from neutral at JP Morgan” on November 07, 2012. More interesting news about Bright Horizons Family Solutions Inc (NYSE:BFAM) were released by: Bloomberg.com and their article: “Bright Horizons Surges in Debut After IPO Prices Above Range” published on January 25, 2013 as well as Prnewswire.com‘s news article titled: “Bright Horizons Family Solutions Announces Date of Third Quarter 2016 Earnings …” with publication date: May 12, 2016.
BFAM Company Profile
Bright Horizons Family Solutions Inc., incorporated on May 9, 2008, is a well-known provider of child care, early education and other services. The Firm provides services under multi-year contracts with employers offering child care and other dependent care solutions as part of their employee benefits packages. The Firm has approximately 1,000 client relationships with employers across an array of industries. The Company’s divisions include full service center care services, back-up dependent care services and other educational advisory services. Full service center care includes center child care, preschool and elementary education. Back-up dependent care includes center back-up child care, in-home well child care, in home mildly ill child care and adult/elder care. The Company’s other business services are included in the other educational advisory services segment, which includes its college preparation and admissions advisory services as well as tuition reimbursement administration and educational advising services. The Firm operates a total over 930 child care and early education centers across a range of customer industries with the capacity to serve approximately 107,000 children in the United States, as well as in the United Kingdom, the Netherlands, Ireland, Canada and India.
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