JPMorgan Chase & Co. Forecasts Strong Price Appreciation for Bright Horizons Family Solutions (NYSE:BFAM) Stock

Bright Horizons Family Solutions (NYSE:BFAM) had its price target hoisted by investment analysts at JPMorgan Chase & Co. from $137.00 to $149.00 in a report issued on Tuesday, Benzinga reports. The brokerage currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price objective would suggest a potential upside of 28.11% from the stock’s current price.

Several other analysts also recently issued reports on BFAM. Barclays raised their price target on Bright Horizons Family Solutions from $125.00 to $160.00 and gave the stock an “overweight” rating in a report on Friday, August 30th. Morgan Stanley boosted their price target on shares of Bright Horizons Family Solutions from $100.00 to $108.00 and gave the company an “underweight” rating in a report on Tuesday. The Goldman Sachs Group upped their price target on shares of Bright Horizons Family Solutions from $125.00 to $142.00 and gave the stock a “buy” rating in a research report on Friday, August 2nd. UBS Group lifted their price objective on shares of Bright Horizons Family Solutions from $128.00 to $145.00 and gave the company a “neutral” rating in a research report on Tuesday, October 8th. Finally, Deutsche Bank Aktiengesellschaft upped their target price on shares of Bright Horizons Family Solutions from $114.00 to $140.00 and gave the stock a “hold” rating in a research report on Friday, August 2nd. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company. According to MarketBeat, Bright Horizons Family Solutions currently has a consensus rating of “Hold” and an average target price of $141.13.

Bright Horizons Family Solutions Stock Up 0.4 %

BFAM stock opened at $116.31 on Tuesday. The firm has a fifty day moving average price of $135.42 and a two-hundred day moving average price of $122.24. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.56 and a quick ratio of 0.56. Bright Horizons Family Solutions has a 1-year low of $80.29 and a 1-year high of $141.90. The firm has a market cap of $6.75 billion, a price-to-earnings ratio of 66.84 and a beta of 1.49.

Bright Horizons Family Solutions (NYSE:BFAM) last announced its quarterly earnings data on Monday, November 4th. The company reported $1.11 earnings per share for the quarter, beating analysts’ consensus estimates of $1.06 by $0.05. Bright Horizons Family Solutions had a net margin of 3.98% and a return on equity of 12.86%. The business had revenue of $719.00 million during the quarter, compared to the consensus estimate of $713.16 million. During the same quarter in the prior year, the firm earned $0.78 EPS. The company’s revenue for the quarter was up 11.3% compared to the same quarter last year. Research analysts predict that Bright Horizons Family Solutions will post 2.98 EPS for the current year.

Insider Buying and Selling

In other Bright Horizons Family Solutions news, COO Mary Lou Burke sold 800 shares of the firm’s stock in a transaction dated Monday, October 7th. The shares were sold at an average price of $136.94, for a total transaction of $109,552.00. Following the transaction, the chief operating officer now owns 31,025 shares of the company’s stock, valued at approximately $4,248,563.50. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 1.22% of the company’s stock.

Institutional Investors Weigh In On Bright Horizons Family Solutions

A number of institutional investors have recently added to or reduced their stakes in BFAM. Vanguard Group Inc. raised its stake in shares of Bright Horizons Family Solutions by 0.6% in the 1st quarter. Vanguard Group Inc. now owns 5,356,758 shares of the company’s stock worth $607,242,000 after buying an additional 29,942 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC grew its holdings in Bright Horizons Family Solutions by 1.5% during the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,068,969 shares of the company’s stock worth $337,832,000 after acquiring an additional 44,893 shares during the period. Massachusetts Financial Services Co. MA raised its position in Bright Horizons Family Solutions by 3.3% in the second quarter. Massachusetts Financial Services Co. MA now owns 2,757,594 shares of the company’s stock worth $303,556,000 after acquiring an additional 87,256 shares in the last quarter. Dimensional Fund Advisors LP raised its position in Bright Horizons Family Solutions by 7.0% in the second quarter. Dimensional Fund Advisors LP now owns 784,896 shares of the company’s stock worth $86,395,000 after acquiring an additional 51,024 shares in the last quarter. Finally, Geneva Capital Management LLC lifted its holdings in Bright Horizons Family Solutions by 0.5% in the 3rd quarter. Geneva Capital Management LLC now owns 575,400 shares of the company’s stock valued at $80,631,000 after acquiring an additional 2,649 shares during 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.