Analysts Set Bright Horizons Family Solutions Inc. (NYSE:BFAM) PT at $141.13

Shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM) have been assigned a consensus recommendation of “Hold” from the eight research firms that are covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $141.50.

Several analysts recently weighed in on BFAM shares. Barclays lifted their price objective on Bright Horizons Family Solutions from $125.00 to $160.00 and gave the company an “overweight” rating in a report on Friday, August 30th. The Goldman Sachs Group increased their price objective on shares of Bright Horizons Family Solutions from $142.00 to $162.00 and gave the company a “buy” rating in a research note on Tuesday, November 5th. Morgan Stanley boosted their price objective on shares of Bright Horizons Family Solutions from $100.00 to $108.00 and gave the stock an “underweight” rating in a research note on Tuesday, November 5th. Robert W. Baird increased their target price on Bright Horizons Family Solutions from $131.00 to $140.00 and gave the company a “neutral” rating in a research report on Tuesday, November 5th. Finally, JPMorgan Chase & Co. boosted their price target on Bright Horizons Family Solutions from $137.00 to $149.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 5th.

Bright Horizons Family Solutions Stock Performance

NYSE:BFAM opened at $108.36 on Thursday. The stock has a 50-day moving average price of $129.65 and a 200 day moving average price of $122.54. The stock has a market capitalization of $6.30 billion, a P/E ratio of 54.45 and a beta of 1.49. Bright Horizons Family Solutions has a 12-month low of $86.79 and a 12-month high of $141.90. The company has a current ratio of 0.61, a quick ratio of 0.61 and a debt-to-equity ratio of 0.66.

Bright Horizons Family Solutions (NYSE:BFAM) last posted its earnings results on Monday, November 4th. The company reported $1.11 EPS for the quarter, topping analysts’ consensus estimates of $1.06 by $0.05. The company had revenue of $719.00 million for the quarter, compared to the consensus estimate of $713.16 million. Bright Horizons Family Solutions had a return on equity of 13.23% and a net margin of 4.44%. During the same period in the previous year, the business earned $0.78 earnings per share. The firm’s revenue for the quarter was up 11.3% on a year-over-year basis. Equities research analysts forecast that Bright Horizons Family Solutions will post 3 EPS for the current fiscal year.

Insider Transactions at Bright Horizons Family Solutions

In related news, COO Mary Lou Burke sold 800 shares of the company’s stock in a transaction that occurred on Monday, October 7th. The stock was sold at an average price of $136.94, for a total value of $109,552.00. Following the sale, the chief operating officer now owns 31,025 shares in the company, valued at $4,248,563.50. This represents a 2.51 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.22% of the company’s stock.

Institutional Trading of Bright Horizons Family Solutions

Several institutional investors and hedge funds have recently bought and sold shares of the business. OLD National Bancorp IN raised its position in Bright Horizons Family Solutions by 2.7% during the third quarter. OLD National Bancorp IN now owns 3,159 shares of the company’s stock valued at $443,000 after acquiring an additional 82 shares in the last quarter. EverSource Wealth Advisors LLC increased its holdings in shares of Bright Horizons Family Solutions by 6.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,097 shares of the company’s stock valued at $252,000 after purchasing an additional 119 shares in the last quarter. Avior Wealth Management LLC increased its holdings in shares of Bright Horizons Family Solutions by 2.9% during the 3rd quarter. Avior Wealth Management LLC now owns 4,674 shares of the company’s stock valued at $655,000 after purchasing an additional 133 shares in the last quarter. Daiwa Securities Group Inc. boosted its holdings in Bright Horizons Family Solutions by 37.2% during the third quarter. Daiwa Securities Group Inc. now owns 535 shares of the company’s stock worth $75,000 after buying an additional 145 shares in the last quarter. Finally, MJP Associates Inc. ADV grew its position in Bright Horizons Family Solutions by 7.0% during the second quarter. MJP Associates Inc. ADV now owns 2,390 shares of the company’s stock valued at $263,000 after buying an additional 157 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.