Bright Horizons Family Solutions Inc. (NYSE:BFAM) Receives $137.67 Consensus Target Price from Brokerages

Bright Horizons Family Solutions Inc. (NYSE:BFAM) has been given a consensus recommendation of “Moderate Buy” by the ten brokerages that are presently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, two have given a hold recommendation, six have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $137.67.

Several research analysts have recently issued reports on the stock. The Goldman Sachs Group dropped their target price on shares of Bright Horizons Family Solutions from $162.00 to $142.00 and set a “buy” rating on the stock in a research note on Friday, December 27th. Robert W. Baird raised shares of Bright Horizons Family Solutions from a “neutral” rating to an “outperform” rating and set a $140.00 price objective for the company in a report on Friday, November 22nd. Baird R W raised shares of Bright Horizons Family Solutions from a “hold” rating to a “strong-buy” rating in a report on Friday, November 22nd. JPMorgan Chase & Co. boosted their price objective on shares of Bright Horizons Family Solutions from $137.00 to $149.00 and gave the company an “overweight” rating in a report on Tuesday, November 5th. Finally, BMO Capital Markets boosted their price objective on shares of Bright Horizons Family Solutions from $127.00 to $146.00 and gave the company an “outperform” rating in a report on Tuesday, February 18th.

Bright Horizons Family Solutions Trading Up 2.1 %

Shares of NYSE BFAM opened at $129.63 on Friday. The firm’s 50 day moving average price is $118.51 and its 200-day moving average price is $124.55. The company has a market cap of $7.54 billion, a PE ratio of 54.01 and a beta of 1.45. Bright Horizons Family Solutions has a 52-week low of $100.59 and a 52-week high of $141.90. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.61 and a current ratio of 0.61.

Bright Horizons Family Solutions (NYSE:BFAM) last issued its earnings results on Thursday, February 13th. The company reported $0.88 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.91 by ($0.03). Bright Horizons Family Solutions had a return on equity of 13.63% and a net margin of 5.22%. On average, equities research analysts expect that Bright Horizons Family Solutions will post 3.61 EPS for the current fiscal year.

Insider Buying and Selling at Bright Horizons Family Solutions

In other Bright Horizons Family Solutions news, Director Mary Ann Tocio sold 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $114.71, for a total transaction of $573,550.00. Following the completion of the sale, the director now directly owns 25,257 shares of the company’s stock, valued at approximately $2,897,230.47. This represents a 16.53 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.22% of the stock is owned by corporate insiders.

Institutional Trading of Bright Horizons Family Solutions

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Cerity Partners LLC increased its holdings in Bright Horizons Family Solutions by 63.0% during the third quarter. Cerity Partners LLC now owns 29,078 shares of the company’s stock valued at $4,075,000 after buying an additional 11,236 shares during the last quarter. New York State Common Retirement Fund increased its stake in shares of Bright Horizons Family Solutions by 45.4% in the fourth quarter. New York State Common Retirement Fund now owns 115,183 shares of the company’s stock worth $12,768,000 after purchasing an additional 35,959 shares in the last quarter. BNP Paribas Financial Markets increased its stake in shares of Bright Horizons Family Solutions by 560.0% in the third quarter. BNP Paribas Financial Markets now owns 9,180 shares of the company’s stock worth $1,286,000 after purchasing an additional 7,789 shares in the last quarter. Massachusetts Financial Services Co. MA increased its stake in shares of Bright Horizons Family Solutions by 15.4% in the third quarter. Massachusetts Financial Services Co. MA now owns 3,181,050 shares of the company’s stock worth $445,761,000 after purchasing an additional 423,456 shares in the last quarter. Finally, Graphene Investments SAS increased its stake in shares of Bright Horizons Family Solutions by 25.7% in the fourth quarter. Graphene Investments SAS now owns 27,900 shares of the company’s stock worth $3,093,000 after purchasing an additional 5,700 shares in the last quarter.

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.