Bright Horizons Family Solutions (NYSE:BFAM) Price Target Raised to $162.00 at The Goldman Sachs Group

Bright Horizons Family Solutions (NYSE:BFAM) had its price target raised by The Goldman Sachs Group from $142.00 to $162.00 in a report released on Tuesday,Benzinga reports. The Goldman Sachs Group currently has a buy rating on the stock.

Other equities research analysts have also issued reports about the company. Deutsche Bank Aktiengesellschaft lifted their price objective on Bright Horizons Family Solutions from $114.00 to $140.00 and gave the stock a “hold” rating in a research report on Friday, August 2nd. Barclays lifted their price target on Bright Horizons Family Solutions from $125.00 to $160.00 and gave the company an “overweight” rating in a research report on Friday, August 30th. Robert W. Baird lifted their price target on Bright Horizons Family Solutions from $131.00 to $140.00 and gave the company a “neutral” rating in a research report on Tuesday. UBS Group lifted their price target on Bright Horizons Family Solutions from $128.00 to $145.00 and gave the company a “neutral” rating in a research report on Tuesday, October 8th. Finally, BMO Capital Markets lifted their price objective on Bright Horizons Family Solutions from $104.00 to $122.00 and gave the company a “market perform” rating in a research note on Friday, August 2nd. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, Bright Horizons Family Solutions currently has an average rating of “Hold” and an average target price of $141.13.

Bright Horizons Family Solutions Stock Performance

Shares of NYSE BFAM opened at $116.52 on Tuesday. The stock has a market cap of $6.76 billion, a price-to-earnings ratio of 58.55 and a beta of 1.49. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 0.73. Bright Horizons Family Solutions has a 1-year low of $80.29 and a 1-year high of $141.90. The stock’s 50-day moving average is $134.97 and its 200 day moving average is $122.20.

Bright Horizons Family Solutions (NYSE:BFAM) last posted its quarterly earnings results on Monday, November 4th. The company reported $1.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.06 by $0.05. Bright Horizons Family Solutions had a return on equity of 13.65% and a net margin of 4.44%. The business had revenue of $719.00 million for the quarter, compared to analyst estimates of $713.16 million. During the same period last year, the company earned $0.78 EPS. Bright Horizons Family Solutions’s revenue for the quarter was up 11.3% compared to the same quarter last year. On average, sell-side analysts anticipate that Bright Horizons Family Solutions will post 2.98 EPS for the current fiscal year.

Insider Activity at Bright Horizons Family Solutions

In related news, COO Mary Lou Burke sold 800 shares of the company’s stock in a transaction on Monday, October 7th. The stock was sold at an average price of $136.94, for a total transaction of $109,552.00. Following the completion of the sale, the chief operating officer now owns 31,025 shares in the company, valued at approximately $4,248,563.50. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.22% of the stock is owned by company insiders.

Institutional Trading of Bright Horizons Family Solutions

Several hedge funds have recently bought and sold shares of the stock. Raleigh Capital Management Inc. bought a new position in shares of Bright Horizons Family Solutions in the third quarter worth about $29,000. V Square Quantitative Management LLC bought a new position in shares of Bright Horizons Family Solutions in the third quarter worth about $35,000. Whittier Trust Co. of Nevada Inc. boosted its stake in shares of Bright Horizons Family Solutions by 850.0% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 342 shares of the company’s stock worth $38,000 after acquiring an additional 306 shares during the period. Daiwa Securities Group Inc. boosted its stake in shares of Bright Horizons Family Solutions by 73.3% in the second quarter. Daiwa Securities Group Inc. now owns 390 shares of the company’s stock worth $43,000 after acquiring an additional 165 shares during the period. Finally, Quarry LP boosted its stake in shares of Bright Horizons Family Solutions by 68.3% in the second quarter. Quarry LP now owns 436 shares of the company’s stock worth $48,000 after acquiring an additional 177 shares during the period.

Bright Horizons Family Solutions Company Profile

Bright Horizons Family Solutions Inc provides early education and childcare, back-up care, educational advisory, and other workplace solutions services for employers and families in the United States, Puerto Rico, the United Kingdom, the Netherlands, Australia, and India. The company operates in three segments: Full Service Center-Based Child Care, Back-Up Care, and Educational Advisory and Other Services.