Bright Horizons Family Solutions Inc. (BFAM) Price Target Raised to $90.00 at BMO Capital Markets

Bright Horizons Family Solutions Inc. (NYSE:BFAM) had its price target upped by research analysts at BMO Capital Markets from $85.00 to $90.00 in a research note issued to investors on Thursday, November 2nd. The brokerage presently has a “market perform” rating on the stock. BMO Capital Markets’ target price indicates a potential upside of 2.23% from the stock’s current price.

Several other research analysts also recently commented on the stock. Zacks Investment Research cut shares of Bright Horizons Family Solutions from a “buy” rating to a “hold” rating in a research report on Thursday, August 31st. Citigroup Inc. initiated coverage on shares of Bright Horizons Family Solutions in a research report on Tuesday, July 18th. They set a “buy” rating and a $90.00 target price on the stock. BidaskClub cut shares of Bright Horizons Family Solutions from a “buy” rating to a “hold” rating in a research report on Wednesday, July 12th. Finally, Barclays PLC upped their target price on shares of Bright Horizons Family Solutions from $80.00 to $90.00 and gave the company an “overweight” rating in a research report on Monday, October 2nd. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $90.67.

Shares of Bright Horizons Family Solutions (NYSE:BFAM) opened at $88.04 on Thursday. Bright Horizons Family Solutions has a 1 year low of $65.00 and a 1 year high of $93.13. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.49 and a current ratio of 0.49. The stock has a market cap of $5,200.00, a price-to-earnings ratio of 36.79, a PEG ratio of 1.76 and a beta of 0.13.

Bright Horizons Family Solutions (NYSE:BFAM) last issued its earnings results on Wednesday, November 1st. The company reported $0.62 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.05. Bright Horizons Family Solutions had a net margin of 7.22% and a return on equity of 19.72%. The company had revenue of $433.30 million during the quarter, compared to the consensus estimate of $429.36 million. During the same quarter in the prior year, the firm posted $0.49 EPS. Bright Horizons Family Solutions’s quarterly revenue was up 12.9% compared to the same quarter last year. sell-side analysts forecast that Bright Horizons Family Solutions will post 2.49 earnings per share for the current year.

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In other Bright Horizons Family Solutions news, Director Mary Ann Tocio sold 6,666 shares of the firm’s stock in a transaction on Tuesday, September 12th. The shares were sold at an average price of $80.09, for a total value of $533,879.94. Following the completion of the transaction, the director now owns 67,284 shares of the company’s stock, valued at $5,388,775.56. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, COO Mary Lou Burke sold 750 shares of the firm’s stock in a transaction on Tuesday, September 5th. The stock was sold at an average price of $79.85, for a total transaction of $59,887.50. Following the completion of the transaction, the chief operating officer now directly owns 32,016 shares of the company’s stock, valued at approximately $2,556,477.60. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 3,650,889 shares of company stock worth $318,185,942. Insiders own 2.90% of the company’s stock.

Several institutional investors have recently modified their holdings of the stock. 1st Global Advisors Inc. raised its holdings in shares of Bright Horizons Family Solutions by 1.1% during the second quarter. 1st Global Advisors Inc. now owns 7,187 shares of the company’s stock worth $555,000 after purchasing an additional 75 shares during the last quarter. Argent Capital Management LLC increased its holdings in Bright Horizons Family Solutions by 2.5% in the second quarter. Argent Capital Management LLC now owns 6,250 shares of the company’s stock valued at $483,000 after buying an additional 150 shares in the last quarter. Stephens Inc. AR increased its holdings in Bright Horizons Family Solutions by 5.2% in the second quarter. Stephens Inc. AR now owns 4,561 shares of the company’s stock valued at $352,000 after buying an additional 225 shares in the last quarter. Teacher Retirement System of Texas increased its holdings in Bright Horizons Family Solutions by 6.9% in the second quarter. Teacher Retirement System of Texas now owns 3,801 shares of the company’s stock valued at $293,000 after buying an additional 247 shares in the last quarter. Finally, HighTower Advisors LLC increased its holdings in Bright Horizons Family Solutions by 8.6% in the second quarter. HighTower Advisors LLC now owns 3,736 shares of the company’s stock valued at $289,000 after buying an additional 295 shares in the last quarter. 97.71% of the stock is owned by hedge funds and other institutional investors.

About Bright Horizons Family Solutions

Bright Horizons Family Solutions Inc is a provider of child care, early education and other services. The Company provides services under multi-year contracts with employers offering child care and other dependent care solutions as part of their employee benefits packages. Its segments include full service center-based care services, back-up dependent care services and other educational advisory services.

Analyst Recommendations for Bright Horizons Family Solutions (NYSE:BFAM)

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