The stock of Bright Horizons Family Solutions Inc (NYSE:BFAM) reached all time high today, Nov, 14 and still has $105.25 target or 46.00% above today’s $72.09 share price. This indicates more upside for the $4.64 billion company. This technical setup was reported by Barchart.com. If the $105.25 PT is reached, the company will be worth $2.13 billion more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 123,525 shares traded hands. Bright Horizons Family Solutions Inc (NYSE:BFAM) has risen 11.99% since April 12, 2016 and is uptrending. It has outperformed by 7.01% 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. The firm earned “Overweight” rating on Wednesday, November 25 by Barclays Capital. On Wednesday, February 3 the stock rating was reinitiated by Credit Suisse with “Outperform”. On Wednesday, November 2 the stock rating was downgraded by William Blair to “Market Weight”. As per Wednesday, August 5, the company rating was maintained by RBC Capital Markets. The firm has “Overweight” rating by JP Morgan given on Monday, August 15. The firm has “Outperform” rating given on Tuesday, February 9 by RBC Capital Markets. The rating was maintained by RBC Capital Markets with “Outperform” on Monday, November 9.
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 dived, 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.
Envestnet Asset Management Inc reported 12,776 shares or 0% of all its holdings. Manor Road Cap Partners Limited Liability Corporation accumulated 250,000 shares or 2.54% of the stock. Ironbridge Mgmt L P last reported 60,197 shares in the company. Vigilant Capital Mgmt Limited Liability Company has 0% invested in the company for 73 shares. Glenmede Trust Na reported 1,987 shares or 0% of all its holdings. Raymond James Associates last reported 0.01% of its portfolio in the stock. Proshare Advsr Ltd Company last reported 5,373 shares in the company. Ladenburg Thalmann Svcs accumulated 0% or 1,230 shares. American Grp Inc has invested 0% of its portfolio in Bright Horizons Family Solutions Inc (NYSE:BFAM). The Manitoba – Canada-based Ig Investment Mgmt Limited has invested 0% in Bright Horizons Family Solutions Inc (NYSE:BFAM). The Massachusetts-based Panagora Asset Management has invested 0.02% in Bright Horizons Family Solutions Inc (NYSE:BFAM). The Massachusetts-based Loomis Sayles & L P has invested 0.1% in Bright Horizons Family Solutions Inc (NYSE:BFAM). Blackrock accumulated 0.01% or 163,847 shares. National Bank Of Ny Mellon Corp owns 238,616 shares or 0% of their US portfolio. Mesirow Inv last reported 383,616 shares in the company.
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: Prnewswire.com and their article: “Bright Horizons Family Solutions Announces Date of Third Quarter 2016 Earnings …” published on May 12, 2016 as well as Bloomberg.com‘s news article titled: “Bright Horizons Surges in Debut After IPO Prices Above Range” with publication date: January 25, 2013.
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 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. As of December 31, 2015, the Company operated 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. The Firm operates over 300 nurseries in the United Kingdom and approximately 1,000 across the world.
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