BMO Capital Markets Issues Positive Forecast for Bright Horizons Family Solutions (NYSE:BFAM) Stock Price

Bright Horizons Family Solutions (NYSE:BFAM) had its target price lifted by equities research analysts at BMO Capital Markets from $127.00 to $146.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm currently has an “outperform” rating on the stock. BMO Capital Markets’ target price would suggest a potential upside of 13.23% from the company’s current price.

Other equities analysts have also recently issued research reports about the company. The Goldman Sachs Group dropped their target price on Bright Horizons Family Solutions from $162.00 to $142.00 and set a “buy” rating for the company in a report on Friday, December 27th. Jefferies Financial Group reduced their target price on shares of Bright Horizons Family Solutions from $155.00 to $132.00 and set a “buy” rating on the stock in a research note on Thursday, January 23rd. JPMorgan Chase & Co. lifted their price target on shares of Bright Horizons Family Solutions from $137.00 to $149.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 5th. Morgan Stanley cut their price target on shares of Bright Horizons Family Solutions from $102.00 to $100.00 and set an “underweight” rating on the stock in a report on Tuesday, February 11th. Finally, Robert W. Baird raised shares of Bright Horizons Family Solutions from a “neutral” rating to an “outperform” rating and set a $140.00 price objective for the company in a research note on Friday, November 22nd. One analyst has rated the stock with a sell rating, three have assigned a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Bright Horizons Family Solutions has an average rating of “Moderate Buy” and an average target price of $137.67.

Bright Horizons Family Solutions Price Performance

Bright Horizons Family Solutions stock traded up $0.01 during mid-day trading on Tuesday, reaching $128.94. 369,955 shares of the company’s stock traded hands, compared to its average volume of 426,497. Bright Horizons Family Solutions has a 12-month low of $100.59 and a 12-month high of $141.90. The company has a quick ratio of 0.61, a current ratio of 0.61 and a debt-to-equity ratio of 0.66. The stock has a 50 day moving average of $115.50 and a two-hundred day moving average of $124.68. The company has a market cap of $7.50 billion, a price-to-earnings ratio of 64.80 and a beta of 1.45.

Bright Horizons Family Solutions (NYSE:BFAM) last announced its earnings results on Thursday, February 13th. The company reported $0.88 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.91 by ($0.03). Bright Horizons Family Solutions had a net margin of 4.44% and a return on equity of 13.23%. Equities analysts forecast that Bright Horizons Family Solutions will post 3 earnings per share for the current year.

Insider Buying and Selling at Bright Horizons Family Solutions

In related news, Director Mary Ann Tocio sold 5,000 shares of the company’s stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $114.71, for a total value of $573,550.00. Following the completion of the sale, the director now directly owns 25,257 shares of the company’s stock, valued at $2,897,230.47. This represents a 16.53 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.22% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Bright Horizons Family Solutions

Large investors have recently modified their holdings of the business. Versant Capital Management Inc purchased a new position in Bright Horizons Family Solutions during the fourth quarter valued at approximately $25,000. Raleigh Capital Management Inc. purchased a new position in shares of Bright Horizons Family Solutions in the 3rd quarter valued at $29,000. Atala Financial Inc bought a new position in shares of Bright Horizons Family Solutions in the 4th quarter worth $32,000. V Square Quantitative Management LLC purchased a new stake in shares of Bright Horizons Family Solutions during the 3rd quarter worth $35,000. Finally, Tortoise Investment Management LLC boosted its position in Bright Horizons Family Solutions by 76.7% during the fourth quarter. Tortoise Investment Management LLC now owns 417 shares of the company’s stock valued at $46,000 after purchasing an additional 181 shares in the last quarter.

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.