Bright Horizons Family Solutions Inc. (NYSE:BFAM) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued on Friday. The brokerage currently has a $88.00 price target on the stock. Zacks Investment Research‘s price objective points to a potential upside of 11.80% from the company’s current price.

According to Zacks, “Bright Horizons Family Solutions Inc. is engaged in providing employer-sponsored child care, early education and work/life solutions. Its employer-sponsored child care programs include child care and early education centers, infant/toddler/preschool care and education, full and part-time child care, kindergarten, school-age programs, summer camps and back-up care. Bright Horizons manages child care centers for corporations, hospitals, universities and government agencies The Company operates primarily in North America, Europe and India. Bright Horizons Family Solutions Inc. is based in Watertown, Massachusetts. “

A number of other analysts have also recently commented on the company. BMO Capital Markets reiterated a “hold” rating and set a $83.00 price objective on shares of Bright Horizons Family Solutions in a research report on Friday, May 5th. Citigroup Inc. reiterated a “buy” rating and set a $92.00 price objective (up previously from $90.00) on shares of Bright Horizons Family Solutions in a research report on Thursday. Credit Suisse Group cut Bright Horizons Family Solutions from an “outperform” rating to a “neutral” rating and lifted their price objective for the stock from $80.00 to $83.00 in a research report on Friday, May 12th. They noted that the move was a valuation call. Finally, BidaskClub cut Bright Horizons Family Solutions from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, June 27th. Four investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $81.75.

Shares of Bright Horizons Family Solutions (NYSE:BFAM) opened at 78.71 on Friday. The stock has a market cap of $4.65 billion, a price-to-earnings ratio of 42.07 and a beta of 0.12. The stock’s 50 day moving average is $77.85 and its 200-day moving average is $73.96. Bright Horizons Family Solutions has a 12-month low of $59.00 and a 12-month high of $81.23.

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

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In other Bright Horizons Family Solutions news, CAO Mandy Berman sold 3,699 shares of Bright Horizons Family Solutions stock in a transaction dated Thursday, June 15th. The stock was sold at an average price of $75.94, for a total value of $280,902.06. Following the completion of the sale, the chief accounting officer now owns 16,125 shares in the company, valued at approximately $1,224,532.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Mary Lou Burke sold 6,000 shares of Bright Horizons Family Solutions stock in a transaction dated Monday, May 8th. The shares were sold at an average price of $78.05, for a total value of $468,300.00. Following the completion of the sale, the chief operating officer now owns 34,572 shares of the company’s stock, valued at approximately $2,698,344.60. The disclosure for this sale can be found here. Insiders sold a total of 4,194,394 shares of company stock valued at $332,329,530 in the last 90 days. 2.90% of the stock is owned by company insiders.

Institutional investors have recently added to or reduced their stakes in the stock. Public Employees Retirement Association of Colorado purchased a new position in Bright Horizons Family Solutions during the second quarter valued at $123,000. FTB Advisors Inc. raised its position in Bright Horizons Family Solutions by 106.7% in the first quarter. FTB Advisors Inc. now owns 1,660 shares of the company’s stock valued at $126,000 after buying an additional 857 shares in the last quarter. BNP Paribas Arbitrage SA raised its position in 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 valued at $190,000 after buying an additional 1,193 shares in the last quarter. Connable Office Inc. purchased a new position in Bright Horizons Family Solutions during the second quarter valued at $208,000. Finally, Comerica Bank purchased a new position in Bright Horizons Family Solutions during the second quarter valued at $230,000. 98.74% of the stock is currently owned by institutional investors and hedge funds.

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)

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