Bright Horizons Receives a Buy from Barclays

By Ryan Adsit

In a report issued on December 22, Manav Patnaik from Barclays maintained a Buy rating on Bright Horizons (NYSE: BFAM), with a price target of $105. The company’s shares opened today at $94.39, close to its 52-week high of $95.82.

According to TipRanks.com, Patnaik is a 5-star analyst with an average return of 10.9% and a 69.4% success rate. Patnaik covers the Services sector, focusing on stocks such as Emerald Expositions Events Inc, Adtalem Global Education Inc, and Apollo Education Group Inc.

Currently, the analyst consensus on Bright Horizons is Moderate Buy and the average price target is $90.67, representing a -3.9% downside.

In a report issued on December 19, RBC Capital also reiterated a Buy rating on the stock with a $89 price target.

The company has a one-year high of $95.82 and a one-year low of $65. Currently, Bright Horizons has an average volume of 237.7K.

Based on the recent corporate insider activity of 79 insiders, corporate insider sentiment is negative on the stock.

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Bright Horizons Family Solutions, Inc. engages in the provision of child care and educational services. It operates through the following segments: Full Service Center-Based Child Care Services, Back-up Dependent Care Services, and Other Educational Services.