Bright Horizons Family Solutions Inc. (NYSE:BFAM) Receives $141.13 Average Target Price from Analysts

Bright Horizons Family Solutions Inc. (NYSE:BFAM) has been assigned an average rating of “Hold” from the eight brokerages that are currently covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, four have given a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $141.13.

A number of brokerages have recently issued reports on BFAM. Deutsche Bank Aktiengesellschaft raised their target price on shares of 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. BMO Capital Markets lifted their price objective on shares of Bright Horizons Family Solutions from $104.00 to $122.00 and gave the company a “market perform” rating in a research report on Friday, August 2nd. Barclays lifted their price objective on shares of 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. JPMorgan Chase & Co. lifted 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 research report on Tuesday, November 5th. Finally, Robert W. Baird lifted their price objective on shares of Bright Horizons Family Solutions from $131.00 to $140.00 and gave the company a “neutral” rating in a research report on Tuesday, November 5th.

Bright Horizons Family Solutions Stock Performance

Shares of BFAM opened at $104.00 on Thursday. The company has a current ratio of 0.61, a quick ratio of 0.56 and a debt-to-equity ratio of 0.66. The firm has a market cap of $6.05 billion, a PE ratio of 52.26 and a beta of 1.49. The company’s 50 day simple moving average is $131.45 and its 200-day simple moving average is $122.50. Bright Horizons Family Solutions has a 12-month low of $85.95 and a 12-month high of $141.90.

Bright Horizons Family Solutions (NYSE:BFAM) last announced its earnings results on Monday, November 4th. The company reported $1.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.06 by $0.05. The business had revenue of $719.00 million for the quarter, compared to analyst estimates of $713.16 million. Bright Horizons Family Solutions had a net margin of 4.44% and a return on equity of 13.23%. The company’s revenue for the quarter was up 11.3% compared to the same quarter last year. During the same period last year, the firm posted $0.78 earnings per share. As a group, equities analysts predict that Bright Horizons Family Solutions will post 3 EPS for the current year.

Insiders Place Their Bets

In other Bright Horizons Family Solutions news, COO Mary Lou Burke sold 800 shares of the business’s stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $140.65, for a total transaction of $112,520.00. Following the sale, the chief operating officer now directly owns 31,825 shares in the company, valued at approximately $4,476,186.25. The trade was a 2.45 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.22% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in BFAM. Raleigh Capital Management Inc. acquired a new position in shares of Bright Horizons Family Solutions during the 3rd quarter worth $29,000. V Square Quantitative Management LLC acquired a new position in shares of Bright Horizons Family Solutions during the 3rd quarter worth $35,000. Whittier Trust Co. of Nevada Inc. raised its stake in shares of Bright Horizons Family Solutions by 850.0% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 342 shares of the company’s stock worth $38,000 after buying an additional 306 shares during the last quarter. Daiwa Securities Group Inc. raised its stake in shares of Bright Horizons Family Solutions by 73.3% during the 2nd quarter. Daiwa Securities Group Inc. now owns 390 shares of the company’s stock worth $43,000 after buying an additional 165 shares during the last quarter. Finally, Quarry LP raised its stake in shares of Bright Horizons Family Solutions by 68.3% during the 2nd quarter. Quarry LP now owns 436 shares of the company’s stock worth $48,000 after buying an additional 177 shares during the last quarter.

About Bright Horizons Family Solutions

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.