Bright Horizons Family Solutions Inc. (NYSE:BFAM) had its price objective hoisted by Citigroup Inc. from $92.00 to $100.00 in a report issued on Friday. They currently have a buy rating on the stock.

A number of other brokerages have also recently commented on BFAM. Zacks Investment Research cut shares of Bright Horizons Family Solutions from a buy rating to a hold rating in a report on Tuesday, October 3rd. BMO Capital Markets restated a hold rating on shares of Bright Horizons Family Solutions in a report on Wednesday, October 25th. Credit Suisse Group boosted their target price on shares of Bright Horizons Family Solutions from $83.00 to $90.00 and gave the company a neutral rating in a report on Thursday. Barclays PLC upped their price target on shares of Bright Horizons Family Solutions from $80.00 to $90.00 and gave the stock an overweight rating in a research note on Monday, October 2nd. Finally, BidaskClub upgraded shares of Bright Horizons Family Solutions from a buy rating to a strong-buy rating in a research note on Thursday, September 28th. Five investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock has a consensus rating of Hold and an average target price of $89.17.

Bright Horizons Family Solutions (NYSE BFAM) traded up $0.76 during trading hours on Friday, reaching $89.87. 54,421 shares of the company traded hands, compared to its average volume of 161,540. The company has a market capitalization of $5,271.51, a PE ratio of 37.44, a P/E/G ratio of 1.79 and a beta of 0.13. Bright Horizons Family Solutions has a twelve month low of $62.54 and a twelve month high of $93.13. The company has a current ratio of 0.42, a quick ratio of 0.42 and a debt-to-equity ratio of 1.46.

Bright Horizons Family Solutions (NYSE:BFAM) last announced its earnings results on Wednesday, November 1st. The company reported $0.62 EPS for the quarter, beating the Zacks’ consensus estimate of $0.57 by $0.05. Bright Horizons Family Solutions had a net margin of 7.22% and a return on equity of 20.16%. The firm had revenue of $433.30 million for the quarter, compared to analysts’ expectations of $429.36 million. During the same quarter in the previous year, the business posted $0.49 EPS. The company’s quarterly revenue was up 12.9% on a year-over-year basis. analysts predict that Bright Horizons Family Solutions will post 2.5 earnings per share for the current fiscal year.

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In other news, CFO Elizabeth J. Boland sold 29,681 shares of the company’s stock in a transaction dated Wednesday, September 6th. The shares were sold at an average price of $78.95, for a total transaction of $2,343,314.95. Following the completion of the sale, the chief financial officer now owns 141,491 shares of the company’s stock, valued at approximately $11,170,714.45. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Mary Ann Tocio sold 6,666 shares of the company’s stock in a transaction dated Tuesday, August 8th. The shares were sold at an average price of $79.11, for a total transaction of $527,347.26. Following the sale, the director now directly owns 67,284 shares of the company’s stock, valued at approximately $5,322,837.24. The disclosure for this sale can be found here. In the last three months, insiders sold 75,444 shares of company stock valued at $6,123,724. 2.90% of the stock is owned by insiders.

Several large investors have recently made changes to their positions in the stock. Vanguard Group Inc. grew its stake in shares of Bright Horizons Family Solutions by 11.8% during the 2nd quarter. Vanguard Group Inc. now owns 3,888,575 shares of the company’s stock valued at $300,237,000 after acquiring an additional 410,335 shares during the period. BlackRock Inc. grew its stake in shares of Bright Horizons Family Solutions by 73,144.9% during the 1st quarter. BlackRock Inc. now owns 2,743,023 shares of the company’s stock valued at $198,843,000 after acquiring an additional 2,739,278 shares during the period. Alliancebernstein L.P. grew its stake in shares of Bright Horizons Family Solutions by 8.7% during the 2nd quarter. Alliancebernstein L.P. now owns 2,008,801 shares of the company’s stock valued at $155,100,000 after acquiring an additional 161,469 shares during the period. Neuberger Berman Group LLC grew its stake in shares of Bright Horizons Family Solutions by 108.4% during the 2nd quarter. Neuberger Berman Group LLC now owns 1,153,425 shares of the company’s stock valued at $89,056,000 after acquiring an additional 599,907 shares during the period. Finally, State Street Corp grew its stake in shares of Bright Horizons Family Solutions by 3.2% during the 1st quarter. State Street Corp now owns 840,444 shares of the company’s stock valued at $60,918,000 after acquiring an additional 25,721 shares during the period. Institutional investors own 96.98% of the company’s stock.

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 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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