Analysts Set Bright Horizons Family Solutions Inc (BFAM) Target Price at $123.83

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Shares of Bright Horizons Family Solutions Inc (NYSE:BFAM) have been assigned a consensus rating of “Hold” from the eight research firms that are presently covering the stock, MarketBeat reports. Five equities research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $123.83.

A number of equities research analysts recently commented on the stock. Citigroup increased their price objective on shares of Bright Horizons Family Solutions from $117.00 to $126.00 and gave the company a “neutral” rating in a research note on Friday, March 1st. BMO Capital Markets increased their price objective on shares of Bright Horizons Family Solutions from $120.00 to $122.00 and gave the company a “market perform” rating in a research note on Wednesday, February 13th. Bank of America reissued a “neutral” rating and issued a $123.00 price objective (up from $115.00) on shares of Bright Horizons Family Solutions in a research note on Wednesday, February 13th. ValuEngine raised shares of Bright Horizons Family Solutions from a “hold” rating to a “buy” rating in a research note on Friday, February 8th. Finally, Zacks Investment Research cut shares of Bright Horizons Family Solutions from a “buy” rating to a “hold” rating in a research note on Tuesday, January 1st.

In other Bright Horizons Family Solutions news, Chairman David H. Lissy sold 37,673 shares of the firm’s stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $124.68, for a total transaction of $4,697,069.64. Following the sale, the chairman now directly owns 325,995 shares of the company’s stock, valued at approximately $40,645,056.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Stephen I. Dreier sold 4,496 shares of the firm’s stock in a transaction dated Wednesday, April 3rd. The stock was sold at an average price of $127.75, for a total transaction of $574,364.00. Following the sale, the executive vice president now directly owns 69,784 shares in the company, valued at $8,914,906. The disclosure for this sale can be found here. Insiders have sold a total of 77,516 shares of company stock worth $9,602,186 over the last ninety days. 1.90% of the stock is owned by corporate insiders.

Several institutional investors have recently added to or reduced their stakes in BFAM. JPMorgan Chase & Co. boosted its position in shares of Bright Horizons Family Solutions by 9.8% in the third quarter. JPMorgan Chase & Co. now owns 1,352,107 shares of the company’s stock worth $159,333,000 after acquiring an additional 120,932 shares during the last quarter. Bank of New York Mellon Corp boosted its position in shares of Bright Horizons Family Solutions by 4.2% in the third quarter. Bank of New York Mellon Corp now owns 257,843 shares of the company’s stock worth $30,383,000 after acquiring an additional 10,507 shares during the last quarter. FMR LLC boosted its position in shares of Bright Horizons Family Solutions by 10.9% in the third quarter. FMR LLC now owns 374,501 shares of the company’s stock worth $44,131,000 after acquiring an additional 36,864 shares during the last quarter. Virtu Financial LLC acquired a new stake in shares of Bright Horizons Family Solutions in the third quarter worth approximately $251,000. Finally, Hsbc Holdings PLC boosted its position in shares of Bright Horizons Family Solutions by 12.5% in the third quarter. Hsbc Holdings PLC now owns 6,827 shares of the company’s stock worth $804,000 after acquiring an additional 756 shares during the last quarter. 97.50% of the stock is currently owned by institutional investors.

Shares of BFAM traded up $0.23 during trading hours on Monday, reaching $125.71. The company had a trading volume of 150,256 shares, compared to its average volume of 203,712. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 1.33. The company has a market capitalization of $7.26 billion, a PE ratio of 41.49, a P/E/G ratio of 3.54 and a beta of 0.34. Bright Horizons Family Solutions has a 12-month low of $91.29 and a 12-month high of $129.32.

Bright Horizons Family Solutions (NYSE:BFAM) last issued its quarterly earnings data on Tuesday, February 12th. The company reported $0.90 EPS for the quarter, beating the Zacks’ consensus estimate of $0.79 by $0.11. The firm had revenue of $478.00 million for the quarter, compared to analysts’ expectations of $481.48 million. Bright Horizons Family Solutions had a net margin of 8.30% and a return on equity of 23.49%. The firm’s revenue was up 8.6% on a year-over-year basis. During the same period in the prior year, the company earned $0.73 EPS. On average, research analysts anticipate that Bright Horizons Family Solutions will post 3.35 EPS for the current year.

About Bright Horizons Family Solutions

Bright Horizons Family Solutions Inc provides child care and early education, back-up care, and educational advisory services for employers and families. The company operates through three segments: Full Service Center-Based Child Care, Back-Up Care, and Educational Advisory Services. The Full Service Center-Based Child Care segment offers traditional center-based child care, preschool, and elementary education services.

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

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