Bright Horizons Family Solutions Inc. (NYSE:BFAM)‘s stock had its “market perform” rating restated by investment analysts at BMO Capital Markets in a note issued to investors on Thursday. They presently have a $85.00 price target on the stock, up from their previous price target of $83.00. BMO Capital Markets’ price objective would suggest a potential upside of 7.99% from the stock’s current price.

Several other brokerages have also recently issued reports on BFAM. Zacks Investment Research upgraded Bright Horizons Family Solutions from a “hold” rating to a “buy” rating and set a $87.00 price objective for the company in a research note on Friday, June 2nd. BidaskClub cut Bright Horizons Family Solutions from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, June 27th. Citigroup Inc. started coverage on Bright Horizons Family Solutions in a research note on Tuesday, July 18th. They issued a “buy” rating and a $90.00 price objective for the company. Finally, Credit Suisse Group cut Bright Horizons Family Solutions from an “outperform” rating to a “neutral” rating and lifted their price objective for the company from $80.00 to $83.00 in a research note on Friday, May 12th. They noted that the move was a valuation call. Four equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Bright Horizons Family Solutions presently has a consensus rating of “Buy” and an average price target of $81.75.

Bright Horizons Family Solutions (BFAM) traded down 0.25% during mid-day trading on Thursday, hitting $78.71. 119,598 shares of the company’s stock traded hands. The firm’s 50-day moving average price is $77.85 and its 200-day moving average price is $73.96. Bright Horizons Family Solutions has a one year low of $59.00 and a one year high of $81.23. The stock has a market cap of $4.65 billion, a PE ratio of 42.07 and a beta of 0.12.

Bright Horizons Family Solutions (NYSE:BFAM) last announced its quarterly earnings data on Tuesday, August 1st. The company reported $0.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.67 by $0.03. The business had revenue of $445.55 million during the quarter, compared to analysts’ expectations of $443.90 million. Bright Horizons Family Solutions had a return on equity of 19.32% and a net margin of 6.91%. The business’s quarterly revenue was up 10.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.61 EPS. On average, analysts forecast that Bright Horizons Family Solutions will post $2.64 EPS for the current fiscal year.

COPYRIGHT VIOLATION NOTICE: This piece of content was posted by Daily Political and is the sole property of of Daily Political. If you are viewing this piece of content on another website, it was copied illegally and reposted in violation of U.S. and international trademark & copyright law. The correct version of this piece of content can be accessed at https://www.dailypolitical.com/2017/08/05/bright-horizons-family-solutions-inc-bfam-rating-reiterated-by-bmo-capital-markets.html.

In related news, CAO Mandy Berman sold 3,697 shares of the business’s stock in a transaction that occurred on Monday, May 15th. The stock was sold at an average price of $78.01, for a total transaction of $288,402.97. Following the completion of the sale, the chief accounting officer now owns 19,824 shares in the company, valued at $1,546,470.24. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, COO Mary Lou Burke sold 1,000 shares of the business’s stock in a transaction that occurred on Wednesday, July 19th. The shares were sold at an average price of $79.98, for a total value of $79,980.00. Following the completion of the sale, the chief operating officer now owns 32,266 shares of the company’s stock, valued at approximately $2,580,634.68. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 4,194,394 shares of company stock valued at $332,329,530. 2.90% of the stock is owned by company insiders.

A number of large investors have recently modified their holdings of the stock. Public Employees Retirement Association of Colorado purchased a new stake in shares of Bright Horizons Family Solutions during the second quarter worth $123,000. FTB Advisors Inc. boosted its stake in shares of Bright Horizons Family Solutions by 106.7% in the first quarter. FTB Advisors Inc. now owns 1,660 shares of the company’s stock worth $126,000 after buying an additional 857 shares in the last quarter. BNP Paribas Arbitrage SA boosted its stake in shares of Bright Horizons Family Solutions by 83.5% in the first quarter. BNP Paribas Arbitrage SA now owns 2,621 shares of the company’s stock worth $190,000 after buying an additional 1,193 shares in the last quarter. Connable Office Inc. purchased a new stake in shares of Bright Horizons Family Solutions during the second quarter worth $208,000. Finally, Comerica Bank purchased a new stake in shares of Bright Horizons Family Solutions during the second quarter worth $230,000. Institutional investors own 98.74% of the company’s stock.

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)

Receive News & Ratings for Bright Horizons Family Solutions Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bright Horizons Family Solutions Inc. and related companies with MarketBeat.com's FREE daily email newsletter.