Bright Horizons Family Solutions (NYSE:BFAM) Price Target Increased to $137.00 by Analysts at JPMorgan Chase & Co.

Bright Horizons Family Solutions (NYSE:BFAM) had its target price raised by JPMorgan Chase & Co. from $119.00 to $137.00 in a research report released on Friday, Benzinga reports. They currently have an overweight rating on the stock.

A number of other equities analysts also recently commented on the company. StockNews.com raised Bright Horizons Family Solutions from a sell rating to a hold rating in a research report on Friday, May 3rd. Robert W. Baird boosted their price objective on Bright Horizons Family Solutions from $115.00 to $131.00 and gave the stock a neutral rating in a research report on Friday. Deutsche Bank Aktiengesellschaft boosted their price objective on Bright Horizons Family Solutions from $114.00 to $140.00 and gave the stock a hold rating in a research report on Friday. The Goldman Sachs Group boosted their price objective on Bright Horizons Family Solutions from $125.00 to $142.00 and gave the stock a buy rating in a research report on Friday. Finally, BMO Capital Markets upped their price target on Bright Horizons Family Solutions from $104.00 to $122.00 and gave the company a market perform rating in a report on Friday. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of Hold and an average price target of $128.43.

Bright Horizons Family Solutions Stock Performance

NYSE BFAM opened at $128.80 on Friday. The company has a market cap of $7.47 billion, a P/E ratio of 90.70, a P/E/G ratio of 4.44 and a beta of 1.45. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.51 and a quick ratio of 0.51. The stock has a 50-day moving average of $110.98 and a two-hundred day moving average of $109.39. Bright Horizons Family Solutions has a 1-year low of $71.65 and a 1-year high of $136.22.

Bright Horizons Family Solutions (NYSE:BFAM) last released its earnings results on Thursday, August 1st. The company reported $0.88 earnings per share for the quarter, beating the consensus estimate of $0.73 by $0.15. The company had revenue of $670.10 million during the quarter, compared to the consensus estimate of $666.17 million. Bright Horizons Family Solutions had a return on equity of 13.08% and a net margin of 3.98%. Bright Horizons Family Solutions’s revenue was up 11.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.54 EPS. As a group, analysts anticipate that Bright Horizons Family Solutions will post 2.76 EPS for the current year.

Insider Buying and Selling

In related news, CAO Jason Janoff sold 6,000 shares of the company’s stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $113.79, for a total transaction of $682,740.00. Following the transaction, the chief accounting officer now owns 8,955 shares of the company’s stock, valued at $1,018,989.45. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Bright Horizons Family Solutions news, Director Mary Ann Tocio sold 4,000 shares of the company’s stock in a transaction on Tuesday, June 4th. The stock was sold at an average price of $108.95, for a total value of $435,800.00. Following the sale, the director now owns 31,855 shares of the company’s stock, valued at $3,470,602.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Jason Janoff sold 6,000 shares of the company’s stock in a transaction on Wednesday, May 8th. The shares were sold at an average price of $113.79, for a total value of $682,740.00. Following the completion of the sale, the chief accounting officer now directly owns 8,955 shares in the company, valued at approximately $1,018,989.45. The disclosure for this sale can be found here. Insiders have sold 28,447 shares of company stock valued at $3,186,710 over the last quarter. Company insiders own 1.22% of the company’s stock.

Institutional Trading of Bright Horizons Family Solutions

Large investors have recently bought and sold shares of the company. Riverview Trust Co acquired a new stake in Bright Horizons Family Solutions in the first quarter valued at $25,000. Whittier Trust Co. of Nevada Inc. boosted its stake in shares of Bright Horizons Family Solutions by 850.0% during the second quarter. Whittier Trust Co. of Nevada Inc. now owns 342 shares of the company’s stock valued at $38,000 after acquiring an additional 306 shares during the last quarter. YHB Investment Advisors Inc. acquired a new stake in shares of Bright Horizons Family Solutions during the first quarter valued at $40,000. Principal Securities Inc. acquired a new stake in shares of Bright Horizons Family Solutions during the fourth quarter valued at $38,000. Finally, Eagle Bay Advisors LLC boosted 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 valued at $117,000 after acquiring an additional 677 shares during the last quarter.

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.