Bright Horizons Family Solutions Inc. (NYSE:BFAM)‘s stock had its “buy” rating reiterated by analysts at Credit Suisse Group AG in a research report issued on Friday. They currently have a $74.00 target price on the stock. Credit Suisse Group AG’s price target indicates a potential upside of 9.89% from the company’s previous close.

Other research analysts have also issued reports about the company. Zacks Investment Research raised Bright Horizons Family Solutions from a “sell” rating to a “hold” rating in a research report on Monday, August 8th. Jefferies Group raised Bright Horizons Family Solutions from a “neutral” rating to an “overweight” rating and set a $76.00 price objective on the stock in a research report on Monday, August 15th. Finally, JPMorgan Chase & Co. raised Bright Horizons Family Solutions from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $70.00 to $76.00 in a research report on Monday, August 15th. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $73.43.

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

Shares of Bright Horizons Family Solutions (NYSE:BFAM) opened at 67.34 on Friday. The firm has a market capitalization of $3.96 billion, a PE ratio of 41.80 and a beta of 0.14. Bright Horizons Family Solutions has a 12 month low of $59.85 and a 12 month high of $70.59. The company has a 50 day moving average price of $67.43 and a 200-day moving average price of $65.86.

Bright Horizons Family Solutions (NYSE:BFAM) last issued its earnings results on Wednesday, August 3rd. The company reported $0.61 earnings per share for the quarter, hitting the consensus estimate of $0.61. The business had revenue of $402 million for the quarter, compared to analyst estimates of $403.09 million. Bright Horizons Family Solutions had a return on equity of 16.43% and a net margin of 6.53%. The business’s quarterly revenue was up 8.5% on a year-over-year basis. During the same period last year, the company posted $0.53 EPS. Equities research analysts expect that Bright Horizons Family Solutions will post $2.19 EPS for the current fiscal year.

In other Bright Horizons Family Solutions news, President Stephen Howard Kramer sold 6,667 shares of Bright Horizons Family Solutions stock in a transaction that occurred on Tuesday, August 23rd. The stock was sold at an average price of $69.30, for a total value of $462,023.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Mandy Berman sold 2,250 shares of Bright Horizons Family Solutions stock in a transaction that occurred on Thursday, September 15th. The shares were sold at an average price of $67.02, for a total value of $150,795.00. Following the completion of the transaction, the chief accounting officer now owns 43,325 shares of the company’s stock, valued at $2,903,641.50. The disclosure for this sale can be found here. 4.00% of the stock is owned by corporate insiders.

A number of institutional investors have recently modified their holdings of the stock. State Board of Administration of Florida Retirement System increased its position in shares of Bright Horizons Family Solutions by 0.5% in the second quarter. State Board of Administration of Florida Retirement System now owns 19,406 shares of the company’s stock worth $1,287,000 after buying an additional 92 shares during the last quarter. Hanseatic Management Services Inc. increased its position in shares of Bright Horizons Family Solutions by 0.8% in the second quarter. Hanseatic Management Services Inc. now owns 12,419 shares of the company’s stock worth $824,000 after buying an additional 97 shares during the last quarter. Mackenzie Financial Corp increased its position in shares of Bright Horizons Family Solutions by 0.8% in the second quarter. Mackenzie Financial Corp now owns 13,400 shares of the company’s stock worth $889,000 after buying an additional 100 shares during the last quarter. Jefferies Group LLC increased its position in shares of Bright Horizons Family Solutions by 3.4% in the second quarter. Jefferies Group LLC now owns 4,536 shares of the company’s stock worth $301,000 after buying an additional 151 shares during the last quarter. Finally, Independent Portfolio Consultants Inc. increased its position in shares of Bright Horizons Family Solutions by 9.1% in the second quarter. Independent Portfolio Consultants Inc. now owns 3,655 shares of the company’s stock worth $242,000 after buying an additional 305 shares during the last quarter.

About Bright Horizons Family Solutions

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. The Company’s segments include full service center-based care services, back-up dependent care services and other educational advisory services.

5 Day Chart for NYSE:BFAM

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