Citigroup Raises Bright Horizons Family Solutions (BFAM) Price Target to $107.00

Bright Horizons Family Solutions (NYSE:BFAM) had its target price upped by Citigroup to $107.00 in a report issued on Monday morning, The Fly reports. Citigroup currently has a buy rating on the stock.

A number of other research firms also recently issued reports on BFAM. Barclays restated a buy rating and issued a $105.00 price target on shares of Bright Horizons Family Solutions in a research note on Wednesday, December 27th. Royal Bank of Canada restated a buy rating on shares of Bright Horizons Family Solutions in a research note on Friday, February 9th. Macquarie assumed coverage on Bright Horizons Family Solutions in a research note on Thursday, December 21st. They issued a neutral rating and a $95.00 price target on the stock. Zacks Investment Research cut Bright Horizons Family Solutions from a buy rating to a hold rating in a report on Friday, December 8th. Finally, Robert W. Baird reaffirmed a hold rating and issued a $100.00 target price on shares of Bright Horizons Family Solutions in a report on Tuesday, January 9th. Five analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company has a consensus rating of Hold and a consensus price target of $100.13.

Bright Horizons Family Solutions (NYSE BFAM) opened at $95.94 on Monday. The stock has a market capitalization of $5,521.06, a price-to-earnings ratio of 37.04, a PEG ratio of 2.19 and a beta of 0.15. Bright Horizons Family Solutions has a 52 week low of $67.57 and a 52 week high of $98.84. The company has a quick ratio of 0.49, a current ratio of 0.49 and a debt-to-equity ratio of 1.35.

Bright Horizons Family Solutions (NYSE:BFAM) last released its quarterly earnings results on Thursday, February 8th. The company reported $0.73 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.69 by $0.04. The firm had revenue of $440.00 million for the quarter, compared to the consensus estimate of $438.99 million. Bright Horizons Family Solutions had a return on equity of 20.75% and a net margin of 9.02%. The company’s revenue for the quarter was up 10.4% on a year-over-year basis. During the same period last year, the business posted $0.56 EPS. research analysts predict that Bright Horizons Family Solutions will post 2.83 earnings per share for the current year.

In other Bright Horizons Family Solutions news, Director Linda A. Mason sold 10,034 shares of the firm’s stock in a transaction dated Wednesday, January 24th. The stock was sold at an average price of $98.30, for a total transaction of $986,342.20. Following the sale, the director now directly owns 10,552 shares of the company’s stock, valued at $1,037,261.60. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Mary Ann Tocio sold 3,600 shares of the firm’s stock in a transaction dated Tuesday, February 6th. The shares were sold at an average price of $93.16, for a total value of $335,376.00. Following the sale, the director now directly owns 64,218 shares in the company, valued at $5,982,548.88. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 41,348 shares of company stock worth $3,953,265. 2.90% of the stock is owned by insiders.

A number of large investors have recently bought and sold shares of BFAM. Atlantic Trust Group LLC bought a new stake in Bright Horizons Family Solutions during the third quarter valued at about $59,732,000. Carillon Tower Advisers Inc. bought a new stake in Bright Horizons Family Solutions during the fourth quarter valued at about $47,584,000. JPMorgan Chase & Co. raised its holdings in Bright Horizons Family Solutions by 44.8% during the third quarter. JPMorgan Chase & Co. now owns 1,002,318 shares of the company’s stock valued at $85,938,000 after acquiring an additional 310,160 shares during the period. Goldman Sachs Group Inc. raised its holdings in Bright Horizons Family Solutions by 25.5% during the fourth quarter. Goldman Sachs Group Inc. now owns 1,251,082 shares of the company’s stock valued at $117,602,000 after acquiring an additional 254,336 shares during the period. Finally, Alliancebernstein L.P. raised its holdings in Bright Horizons Family Solutions by 9.1% during the fourth quarter. Alliancebernstein L.P. now owns 2,176,000 shares of the company’s stock valued at $204,544,000 after acquiring an additional 182,060 shares during the period. 98.05% of the stock is currently owned by institutional investors and hedge funds.

TRADEMARK VIOLATION WARNING: “Citigroup Raises Bright Horizons Family Solutions (BFAM) Price Target to $107.00” was reported by Week Herald and is owned by of Week Herald. If you are reading this news story on another publication, it was copied illegally and republished in violation of international copyright law. The original version of this news story can be viewed at https://weekherald.com/2018/02/15/citigroup-raises-bright-horizons-family-solutions-bfam-price-target-to-107-00.html.

Bright Horizons Family Solutions Company Profile

Bright Horizons Family Solutions Inc is a provider of child care, early education and other services. The Company provides services under multi-year contracts with employers offering child care and other dependent care solutions as part of their employee benefits packages. Its segments include full service center-based care services, back-up dependent care services and other educational advisory services.

The Fly

Analyst Recommendations for Bright Horizons Family Solutions (NYSE:BFAM)

Receive News & Ratings for Bright Horizons Family Solutions Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bright Horizons Family Solutions and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply