Bright Horizons Family Solutions Inc. (NYSE:BFAM) Receives $141.50 Average Target Price from Analysts

Shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM) have earned an average recommendation of “Moderate Buy” from the nine research firms that are presently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $141.50.

A number of equities research analysts recently weighed in on BFAM shares. Morgan Stanley increased their price target on 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. Barclays increased 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. BMO Capital Markets raised shares of Bright Horizons Family Solutions from a “market perform” rating to an “outperform” rating and reduced their target price for the stock from $137.00 to $125.00 in a report on Monday, November 18th. JPMorgan Chase & Co. upped their price target 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. Finally, UBS Group raised their price objective on shares of Bright Horizons Family Solutions from $145.00 to $148.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 5th.

Bright Horizons Family Solutions Stock Down 0.1 %

Bright Horizons Family Solutions stock opened at $112.06 on Monday. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.61 and a quick ratio of 0.61. The company’s 50-day moving average is $122.37 and its 200-day moving average is $122.85. The firm has a market capitalization of $6.52 billion, a PE ratio of 56.31 and a beta of 1.44. Bright Horizons Family Solutions has a fifty-two week low of $87.82 and a fifty-two week high of $141.90.

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

Insiders Place Their Bets

In other Bright Horizons Family Solutions news, COO Mary Lou Burke sold 800 shares of the firm’s stock in a transaction dated Monday, October 7th. The shares were sold at an average price of $136.94, for a total value of $109,552.00. Following the transaction, the chief operating officer now directly owns 31,025 shares of the company’s stock, valued at $4,248,563.50. This trade represents a 2.51 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Mary Ann Tocio sold 5,000 shares of the business’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 transaction, the director now owns 25,257 shares of the company’s stock, valued at $2,897,230.47. The trade was a 16.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.22% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Cerity Partners LLC raised its stake 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 worth $4,075,000 after acquiring an additional 11,236 shares in the last quarter. TimesSquare Capital Management LLC acquired a new position in Bright Horizons Family Solutions during the 3rd quarter worth approximately $13,639,000. Massachusetts Financial Services Co. MA increased its position in Bright Horizons Family Solutions by 15.4% during the 3rd 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. Brown Brothers Harriman & Co. boosted its position in Bright Horizons Family Solutions by 19.7% in the third quarter. Brown Brothers Harriman & Co. now owns 218,859 shares of the company’s stock valued at $30,669,000 after buying an additional 35,971 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in Bright Horizons Family Solutions by 7.0% in the second quarter. Dimensional Fund Advisors LP now owns 784,896 shares of the company’s stock valued at $86,395,000 after buying an additional 51,024 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.