J.P. Morgan Thinks Bright Horizons’ Stock is Going to Recover

J.P. Morgan analyst Andrew Steinerman maintained a Buy rating on Bright Horizons (BFAMResearch Report) on August 3 and set a price target of $118.00. The company’s shares closed last Thursday at $79.77, close to its 52-week low of $71.38.

According to TipRanks.com, Steinerman is a 4-star analyst with an average return of 10.4% and a 65.7% success rate. Steinerman covers the Services sector, focusing on stocks such as Resources Connection, ARAMARK Holdings, and First Advantage.

Currently, the analyst consensus on Bright Horizons is a Moderate Buy with an average price target of $102.00, which is a 23.3% upside from current levels. In a report issued on August 3, Goldman Sachs also maintained a Buy rating on the stock with a $125.00 price target.

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Bright Horizons’ market cap is currently $4.74B and has a P/E ratio of 53.90.

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Bright Horizons Family Solutions, Inc. engages in the provision of child care and early education; dependent care, and workforce education services. It operates through the following segments: Full Service Center-Based Child Care, Back-Up Care Services, and Educational Advisory Services. The Full Service Center-Based Child Care segment comprises of traditional center-based child care and early education, preschool, and elementary education. The Back-Up Care Services segment deals with center-based back-up child care, and in-home child and adult/elder dependent care. The Educational Advisory Services segment comprises of tuition reimbursement program management and related educational advising, and college advisory services. The company was founded by Roger H. Brown and Linda A. Mason in 1986 and is headquartered in Watertown, MA.

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