Analysts Set Bright Horizons Family Solutions Inc. (NYSE:BFAM) Target Price at $137.67

Shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM) have been assigned an average recommendation of “Moderate Buy” from the ten analysts that are covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation, six have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $137.67.

Several research analysts recently weighed in on the stock. Jefferies Financial Group dropped their target price on shares of Bright Horizons Family Solutions from $155.00 to $132.00 and set a “buy” rating for the company in a report on Thursday, January 23rd. Morgan Stanley dropped their price objective on Bright Horizons Family Solutions from $102.00 to $100.00 and set an “underweight” rating for the company in a research note on Tuesday, February 11th. The Goldman Sachs Group decreased their target price on Bright Horizons Family Solutions from $162.00 to $142.00 and set a “buy” rating on the stock in a research note on Friday, December 27th. BMO Capital Markets upped their price target on Bright Horizons Family Solutions from $127.00 to $146.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 18th. Finally, UBS Group reduced their price objective on shares of Bright Horizons Family Solutions from $148.00 to $130.00 and set a “neutral” rating on the stock in a research report on Friday, January 24th.

Bright Horizons Family Solutions Stock Down 1.3 %

BFAM stock opened at $124.89 on Wednesday. The business’s 50-day moving average price is $123.88 and its 200-day moving average price is $123.05. The stock has a market cap of $7.16 billion, a P/E ratio of 52.04 and a beta of 1.50. The company has a quick ratio of 0.61, a current ratio of 0.61 and a debt-to-equity ratio of 0.66. Bright Horizons Family Solutions has a twelve month low of $100.59 and a twelve month high of $141.90.

Bright Horizons Family Solutions (NYSE:BFAM) last issued its quarterly earnings results on Thursday, February 13th. The company reported $0.88 earnings per share for the quarter, missing the consensus estimate of $0.91 by ($0.03). Bright Horizons Family Solutions had a net margin of 5.22% and a return on equity of 13.63%. On average, equities research analysts forecast that Bright Horizons Family Solutions will post 3.61 EPS for the current year.

Insider Buying and Selling

In related news, COO Mary Lou Burke sold 1,000 shares of Bright Horizons Family Solutions stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of $124.69, for a total value of $124,690.00. Following the completion of the transaction, the chief operating officer now owns 33,449 shares in the company, valued at approximately $4,170,755.81. This trade represents a 2.90 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Mary Ann Tocio sold 2,500 shares of the company’s stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $124.74, for a total value of $311,850.00. Following the sale, the director now owns 22,757 shares in the company, valued at approximately $2,838,708.18. This trade represents a 9.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.22% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Bright Horizons Family Solutions

Large investors have recently modified their holdings of the stock. Oppenheimer Asset Management Inc. raised its stake in Bright Horizons Family Solutions by 0.7% in the fourth quarter. Oppenheimer Asset Management Inc. now owns 13,202 shares of the company’s stock worth $1,463,000 after buying an additional 96 shares in the last quarter. Bank of Montreal Can increased its holdings in shares of Bright Horizons Family Solutions by 3.6% in the 4th quarter. Bank of Montreal Can now owns 2,912 shares of the company’s stock valued at $323,000 after acquiring an additional 101 shares during the period. Accretive Wealth Partners LLC raised its position in shares of Bright Horizons Family Solutions by 1.5% in the 4th quarter. Accretive Wealth Partners LLC now owns 7,514 shares of the company’s stock worth $833,000 after acquiring an additional 111 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its position in Bright Horizons Family Solutions by 2.1% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 5,425 shares of the company’s stock valued at $601,000 after purchasing an additional 113 shares in the last quarter. Finally, Arizona State Retirement System grew its stake in Bright Horizons Family Solutions by 0.9% in the fourth quarter. Arizona State Retirement System now owns 15,161 shares of the company’s stock valued at $1,681,000 after purchasing an additional 129 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.