Bright Horizons Family Solutions (NYSE:BFAM) PT Raised to $104.00

Bright Horizons Family Solutions (NYSE:BFAM) had its price target increased by research analysts at BMO Capital Markets from $102.00 to $104.00 in a research note issued on Friday, Benzinga reports. The brokerage currently has a “market perform” rating on the stock. BMO Capital Markets’ price objective would suggest a potential downside of 6.50% from the company’s current price.

A number of other research analysts have also commented on BFAM. JPMorgan Chase & Co. upped their price objective on shares of Bright Horizons Family Solutions from $93.00 to $107.00 and gave the company an “overweight” rating in a research report on Wednesday, February 14th. Robert W. Baird upped their price target on Bright Horizons Family Solutions from $105.00 to $115.00 and gave the company a “neutral” rating in a report on Friday. Barclays raised Bright Horizons Family Solutions from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $100.00 to $125.00 in a report on Wednesday, February 28th. The Goldman Sachs Group upped their target price on Bright Horizons Family Solutions from $108.00 to $123.00 and gave the company a “buy” rating in a research note on Wednesday, April 10th. Finally, StockNews.com downgraded shares of Bright Horizons Family Solutions from a “hold” rating to a “sell” rating in a research note on Wednesday, February 21st. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $106.63.

Bright Horizons Family Solutions Stock Performance

Shares of NYSE BFAM opened at $111.23 on Friday. Bright Horizons Family Solutions has a 12 month low of $71.65 and a 12 month high of $119.21. The company has a market cap of $6.45 billion, a P/E ratio of 78.33, a P/E/G ratio of 4.28 and a beta of 1.38. The business’s 50 day moving average is $111.11 and its two-hundred day moving average is $98.80. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 0.78.

Bright Horizons Family Solutions (NYSE:BFAM) last announced its quarterly earnings data on Tuesday, February 13th. The company reported $0.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.62 by $0.12. The business had revenue of $615.65 million for the quarter, compared to the consensus estimate of $588.63 million. Bright Horizons Family Solutions had a net margin of 3.34% and a return on equity of 12.14%. On average, equities analysts expect that Bright Horizons Family Solutions will post 2.69 EPS for the current year.

Insiders Place Their Bets

In other Bright Horizons Family Solutions news, COO Mary Lou Burke sold 1,500 shares of Bright Horizons Family Solutions stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $105.00, for a total transaction of $157,500.00. Following the completion of the transaction, the chief operating officer now directly owns 37,253 shares of the company’s stock, valued at $3,911,565. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, COO Mary Lou Burke sold 1,500 shares of the firm’s stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $105.00, for a total transaction of $157,500.00. Following the completion of the sale, the chief operating officer now owns 37,253 shares of the company’s stock, valued at $3,911,565. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Elizabeth J. Boland sold 15,640 shares of Bright Horizons Family Solutions stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $113.77, for a total transaction of $1,779,362.80. Following the completion of the transaction, the chief financial officer now owns 89,983 shares of the company’s stock, valued at approximately $10,237,365.91. The disclosure for this sale can be found here. Corporate insiders own 1.28% of the company’s stock.

Institutional Trading of Bright Horizons Family Solutions

Large investors have recently made changes to their positions in the business. Riverview Trust Co bought a new position in shares of Bright Horizons Family Solutions in the first quarter valued at about $25,000. YHB Investment Advisors Inc. bought a new stake in shares of Bright Horizons Family Solutions during the 1st quarter valued at $40,000. Principal Securities Inc. acquired a new position in shares of Bright Horizons Family Solutions in the 4th quarter valued at $38,000. Signaturefd LLC boosted its position in shares of Bright Horizons Family Solutions by 102.2% in the 3rd quarter. Signaturefd LLC now owns 653 shares of the company’s stock worth $53,000 after purchasing an additional 330 shares during the last quarter. Finally, Eagle Bay Advisors LLC grew its stake in shares of Bright Horizons Family Solutions by 120.2% during the fourth quarter. Eagle Bay Advisors LLC now owns 1,240 shares of the company’s stock worth $117,000 after purchasing an additional 677 shares during the period.

About Bright Horizons Family Solutions

Bright Horizons Family Solutions Inc provides early education and childcare, back-up care, educational advisory, and other workplace solutions services for employers and families in the United States, Puerto Rico, the United Kingdom, the Netherlands, Australia, and India. The company operates in three segments: Full Service Center-Based Child Care, Back-Up Care, and Educational Advisory and Other Services.