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

Bright Horizons Family Solutions Inc. (NYSE:BFAM) has received a consensus recommendation of “Hold” from the eight ratings firms that are covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $141.13.

BFAM has been the subject of several analyst reports. Robert W. Baird boosted their target price on shares of Bright Horizons Family Solutions from $131.00 to $140.00 and gave the company a “neutral” rating in a research note on Tuesday, November 5th. JPMorgan Chase & Co. upped 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 note on Tuesday, November 5th. Morgan Stanley upped their price objective on shares of Bright Horizons Family Solutions from $100.00 to $108.00 and gave the company an “underweight” rating in a research note on Tuesday, November 5th. BMO Capital Markets upped 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 note on Friday, August 2nd. Finally, The Goldman Sachs Group upped their price objective on shares of Bright Horizons Family Solutions from $142.00 to $162.00 and gave the company a “buy” rating in a research note on Tuesday, November 5th.

Bright Horizons Family Solutions Trading Down 2.8 %

Shares of BFAM stock opened at $104.00 on Thursday. The firm has a 50-day moving average price of $131.45 and a 200 day moving average price of $122.50. Bright Horizons Family Solutions has a twelve month low of $85.95 and a twelve month high of $141.90. The company has a market capitalization of $6.05 billion, a price-to-earnings ratio of 52.26 and a beta of 1.49. The company has a current ratio of 0.61, a quick ratio of 0.56 and a debt-to-equity ratio of 0.66.

Bright Horizons Family Solutions (NYSE:BFAM) last announced its earnings results on Monday, November 4th. The company reported $1.11 earnings per share for the quarter, beating the consensus estimate of $1.06 by $0.05. Bright Horizons Family Solutions had a net margin of 4.44% and a return on equity of 13.23%. The firm had revenue of $719.00 million during the quarter, compared to the consensus estimate of $713.16 million. During the same quarter in the previous year, the company posted $0.78 EPS. The firm’s revenue for the quarter was up 11.3% on a year-over-year basis. Research analysts forecast that Bright Horizons Family Solutions will post 3 earnings per share for the current fiscal year.

Insider Transactions at Bright Horizons Family Solutions

In other news, COO Mary Lou Burke sold 800 shares of the business’s stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $140.65, for a total transaction of $112,520.00. Following the completion of the sale, the chief operating officer now 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 can be accessed through this link. Company insiders own 1.22% of the company’s stock.

Institutional Trading of Bright Horizons Family Solutions

A number of institutional investors have recently modified their holdings of the company. Raleigh Capital Management Inc. purchased a new position in Bright Horizons Family Solutions in the 3rd quarter worth approximately $29,000. V Square Quantitative Management LLC purchased a new position in Bright Horizons Family Solutions in the 3rd quarter worth approximately $35,000. Whittier Trust Co. of Nevada Inc. boosted its holdings in Bright Horizons Family Solutions by 850.0% in the 2nd 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 holdings in Bright Horizons Family Solutions by 73.3% in the 2nd 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 holdings in Bright Horizons Family Solutions by 68.3% in the 2nd quarter. Quarry LP now owns 436 shares of the company’s stock worth $48,000 after acquiring an additional 177 shares during the period.

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.