Analysts Set Bright Horizons Family Solutions Inc. (NYSE:BFAM) PT at $138.25

Shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM) have earned a consensus rating of “Moderate Buy” from the nine research firms that are currently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, two have given a hold recommendation, five have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $138.25.

A number of analysts have recently issued reports on BFAM shares. The Goldman Sachs Group reduced their price objective on shares of Bright Horizons Family Solutions from $162.00 to $142.00 and set a “buy” rating for the company in a research note on Friday, December 27th. Baird R W raised Bright Horizons Family Solutions from a “hold” rating to a “strong-buy” rating in a report on Friday, November 22nd. BMO Capital Markets raised Bright Horizons Family Solutions from a “market perform” rating to an “outperform” rating and dropped their price objective for the stock from $137.00 to $125.00 in a research note on Monday, November 18th. Robert W. Baird upgraded Bright Horizons Family Solutions from a “neutral” rating to an “outperform” rating and set a $140.00 target price for the company in a research report on Friday, November 22nd. Finally, StockNews.com cut Bright Horizons Family Solutions from a “hold” rating to a “sell” rating in a report on Wednesday, December 25th.

Bright Horizons Family Solutions Stock Performance

NYSE:BFAM opened at $112.46 on Friday. The stock has a 50-day simple moving average of $114.31 and a two-hundred day simple moving average of $123.25. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.61 and a current ratio of 0.61. Bright Horizons Family Solutions has a 52-week low of $92.07 and a 52-week high of $141.90. The firm has a market capitalization of $6.54 billion, a PE ratio of 56.51 and a beta of 1.44.

Bright Horizons Family Solutions (NYSE:BFAM) last announced its quarterly earnings data on Monday, November 4th. The company reported $1.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.06 by $0.05. Bright Horizons Family Solutions had a return on equity of 13.23% and a net margin of 4.44%. The company had revenue of $719.00 million during the quarter, compared to the consensus estimate of $713.16 million. During the same period in the previous year, the company posted $0.78 EPS. The firm’s revenue was up 11.3% on a year-over-year basis. Analysts forecast that Bright Horizons Family Solutions will post 3.01 EPS for the current year.

Insider Buying and Selling at Bright Horizons Family Solutions

In other Bright Horizons Family Solutions news, Director Mary Ann Tocio sold 5,000 shares of the stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $114.71, for a total transaction of $573,550.00. Following the completion of the transaction, the director now owns 25,257 shares in the company, valued at $2,897,230.47. This trade represents a 16.53 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.22% of the stock is currently owned by company insiders.

Institutional Trading of Bright Horizons Family Solutions

Several hedge funds have recently made changes to their positions in BFAM. Massachusetts Financial Services Co. MA raised its holdings in Bright Horizons Family Solutions by 15.4% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 3,181,050 shares of the company’s stock valued at $445,761,000 after buying an additional 423,456 shares during the period. Kayne Anderson Rudnick Investment Management LLC increased its position 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 valued at $337,832,000 after acquiring an additional 44,893 shares during the last quarter. State Street Corp raised its stake in shares of Bright Horizons Family Solutions by 0.4% in the third quarter. State Street Corp now owns 999,263 shares of the company’s stock valued at $140,027,000 after acquiring an additional 3,970 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Bright Horizons Family Solutions by 0.8% in the 3rd quarter. Geode Capital Management LLC now owns 924,832 shares of the company’s stock worth $129,633,000 after acquiring an additional 7,597 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Bright Horizons Family Solutions by 7.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 784,896 shares of the company’s stock worth $86,395,000 after purchasing an additional 51,024 shares during the period.

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.