Bright Horizons Family Solutions (NYSE:BFAM) Given New $119.00 Price Target at JPMorgan Chase & Co.

Bright Horizons Family Solutions (NYSE:BFAM) had its price objective raised by JPMorgan Chase & Co. from $107.00 to $119.00 in a report released on Friday morning, Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the stock.

Several other research analysts also recently weighed in on the company. StockNews.com downgraded Bright Horizons Family Solutions from a hold rating to a sell rating in a report on Wednesday, February 21st. UBS Group cut their price target on shares of Bright Horizons Family Solutions from $103.00 to $102.00 and set a neutral rating on the stock in a report on Wednesday, February 14th. BMO Capital Markets increased their price objective on shares of Bright Horizons Family Solutions from $102.00 to $104.00 and gave the stock a market perform rating in a research report on Friday. Barclays upgraded shares of Bright Horizons Family Solutions from an equal weight rating to an overweight rating and lifted their price objective for the company from $100.00 to $125.00 in a research note on Wednesday, February 28th. Finally, Robert W. Baird lifted their price objective on Bright Horizons Family Solutions from $105.00 to $115.00 and gave the stock a neutral rating in a report on Friday. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of Hold and an average target price of $106.63.

Bright Horizons Family Solutions Stock Performance

NYSE BFAM traded up $6.96 during trading hours on Friday, hitting $111.23. The company had a trading volume of 651,873 shares, compared to its average volume of 242,604. Bright Horizons Family Solutions has a 1-year low of $71.65 and a 1-year high of $119.21. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.56 and a current ratio of 0.56. The company has a market cap of $6.45 billion, a PE ratio of 78.33, a price-to-earnings-growth ratio of 4.01 and a beta of 1.38. The business has a 50 day moving average of $111.11 and a 200-day moving average of $98.68.

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

Insider Buying and Selling at Bright Horizons Family Solutions

In other Bright Horizons Family Solutions news, CFO Elizabeth J. Boland sold 15,640 shares of the business’s stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $113.77, for a total value of $1,779,362.80. Following the sale, the chief financial officer now owns 89,983 shares of the company’s stock, valued at approximately $10,237,365.91. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, COO Mary Lou Burke sold 1,500 shares of the business’s stock in a transaction dated 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 in the company, valued at approximately $3,911,565. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Elizabeth J. Boland sold 15,640 shares of the firm’s stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $113.77, for a total value of $1,779,362.80. Following the sale, the chief financial officer now directly owns 89,983 shares in the company, valued at approximately $10,237,365.91. The disclosure for this sale can be found here. Insiders own 1.28% of the company’s stock.

Institutional Trading of Bright Horizons Family Solutions

A number of large investors have recently added to or reduced their stakes in BFAM. Norges Bank acquired a new position in Bright Horizons Family Solutions in the 4th quarter valued at $57,363,000. Public Employees Retirement Association of Colorado lifted its position in shares of Bright Horizons Family Solutions by 4,227.1% in the 4th quarter. Public Employees Retirement Association of Colorado now owns 294,024 shares of the company’s stock worth $27,709,000 after purchasing an additional 287,229 shares during the period. William Blair Investment Management LLC grew its holdings in Bright Horizons Family Solutions by 11.1% during the 3rd quarter. William Blair Investment Management LLC now owns 1,913,192 shares of the company’s stock worth $155,849,000 after acquiring an additional 191,545 shares during the period. Comerica Bank acquired a new position in Bright Horizons Family Solutions in the third quarter valued at approximately $10,590,000. Finally, Capital World Investors grew its holdings in Bright Horizons Family Solutions by 10.5% in the fourth quarter. Capital World Investors now owns 1,348,432 shares of the company’s stock worth $127,076,000 after purchasing an additional 128,632 shares during the period.

Bright Horizons Family Solutions Company Profile

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.