Brokerages Set Bright Horizons Family Solutions Inc (BFAM) Target Price at $100.50

Bright Horizons Family Solutions Inc (NYSE:BFAM) has been given an average rating of “Hold” by the nine brokerages that are covering the company, Marketbeat.com reports. Five analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $100.50.

BFAM has been the subject of several research reports. Zacks Investment Research upgraded Bright Horizons Family Solutions from a “hold” rating to a “buy” rating and set a $100.00 price objective for the company in a research note on Tuesday, November 7th. Credit Suisse Group boosted their price objective on Bright Horizons Family Solutions from $83.00 to $90.00 and gave the stock a “neutral” rating in a research note on Thursday, November 2nd. BMO Capital Markets reiterated a “hold” rating on shares of Bright Horizons Family Solutions in a research note on Wednesday, October 25th. Macquarie initiated coverage on Bright Horizons Family Solutions in a research note on Thursday, December 21st. They set a “neutral” rating and a $95.00 price objective for the company. Finally, Royal Bank of Canada boosted their price objective on Bright Horizons Family Solutions to $98.00 and gave the stock an “outperform” rating in a research note on Friday, January 19th. They noted that the move was a valuation call.

In other news, EVP Stephen I. Dreier sold 1,141 shares of the company’s stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $94.00, for a total value of $107,254.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Stephen I. Dreier sold 6,000 shares of the company’s stock in a transaction that occurred on Friday, January 5th. The shares were sold at an average price of $95.14, for a total value of $570,840.00. Following the completion of the sale, the executive vice president now owns 76,038 shares of the company’s stock, valued at $7,234,255.32. The disclosure for this sale can be found here. Insiders sold 44,310 shares of company stock valued at $4,237,617 over the last 90 days. Company insiders own 2.90% of the company’s stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BFAM. UBS Asset Management Americas Inc. lifted its holdings in Bright Horizons Family Solutions by 39.7% in the second quarter. UBS Asset Management Americas Inc. now owns 28,722 shares of the company’s stock valued at $2,218,000 after acquiring an additional 8,155 shares during the last quarter. Advisor Group Inc. lifted its holdings in Bright Horizons Family Solutions by 213.6% in the second quarter. Advisor Group Inc. now owns 1,988 shares of the company’s stock valued at $152,000 after acquiring an additional 1,354 shares during the last quarter. Parametric Portfolio Associates LLC lifted its holdings in Bright Horizons Family Solutions by 0.6% in the second quarter. Parametric Portfolio Associates LLC now owns 102,173 shares of the company’s stock valued at $7,889,000 after acquiring an additional 631 shares during the last quarter. Balyasny Asset Management LLC acquired a new position in Bright Horizons Family Solutions in the second quarter valued at approximately $372,000. Finally, HighTower Advisors LLC lifted its holdings in Bright Horizons Family Solutions by 8.6% in the second quarter. HighTower Advisors LLC now owns 3,736 shares of the company’s stock valued at $289,000 after acquiring an additional 295 shares during the last quarter. Hedge funds and other institutional investors own 98.05% of the company’s stock.

Bright Horizons Family Solutions (NYSE BFAM) opened at $96.00 on Tuesday. 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 has a 52 week low of $68.03 and a 52 week high of $98.84. The firm has a market capitalization of $5,690.70, a PE ratio of 37.62, a P/E/G ratio of 2.16 and a beta of 0.15.

Bright Horizons Family Solutions (NYSE:BFAM) last posted its quarterly earnings data on Thursday, February 8th. The company reported $0.73 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.69 by $0.04. Bright Horizons Family Solutions had a return on equity of 20.75% and a net margin of 9.02%. The company had revenue of $440.00 million during the quarter, compared to analyst estimates of $438.99 million. During the same period in the previous year, the business earned $0.56 EPS. Bright Horizons Family Solutions’s quarterly revenue was up 10.4% on a year-over-year basis. research analysts forecast that Bright Horizons Family Solutions will post 2.96 earnings per share for the current year.

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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.

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

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