Brokerages Set Bright Horizons Family Solutions Inc (BFAM) PT at $80.29

Shares of Bright Horizons Family Solutions Inc (NYSE:BFAM) have received an average rating of “Buy” from the eight analysts that are covering the company, MarketBeat reports. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $79.86.

Several equities research analysts recently issued reports on the stock. Zacks Investment Research upgraded shares of Bright Horizons Family Solutions from a “hold” rating to a “buy” rating and set a $87.00 target price for the company in a research note on Friday, June 2nd. BMO Capital Markets reissued a “hold” rating and issued a $83.00 price target on shares of Bright Horizons Family Solutions in a report on Monday, May 15th. Finally, Credit Suisse Group cut shares of Bright Horizons Family Solutions from an “outperform” rating to a “neutral” rating and increased their price target for the company from $80.00 to $83.00 in a report on Friday, May 12th. They noted that the move was a valuation call.

Bright Horizons Family Solutions (NYSE BFAM) traded up 0.17% during trading on Friday, reaching $77.02. The company had a trading volume of 737,171 shares. The firm has a market capitalization of $4.61 billion, a price-to-earnings ratio of 42.13 and a beta of 0.12. The stock has a 50 day moving average price of $77.23 and a 200 day moving average price of $72.11. Bright Horizons Family Solutions has a 12 month low of $59.00 and a 12 month high of $81.23.

Bright Horizons Family Solutions (NYSE:BFAM) last issued its earnings results on Thursday, May 4th. The company reported $0.58 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.53 by $0.05. Bright Horizons Family Solutions had a net margin of 9.80% and a return on equity of 23.35%. The business had revenue of $422 million during the quarter, compared to the consensus estimate of $422.32 million. During the same period last year, the business posted $0.51 EPS. Bright Horizons Family Solutions’s revenue was up 9.5% on a year-over-year basis. On average, equities research analysts predict that Bright Horizons Family Solutions will post $2.61 earnings per share for the current year.

In related news, CFO Elizabeth J. Boland sold 4,000 shares of Bright Horizons Family Solutions stock in a transaction that occurred on Wednesday, March 22nd. The shares were sold at an average price of $69.08, for a total value of $276,320.00. Following the transaction, the chief financial officer now directly owns 149,242 shares of the company’s stock, valued at $10,309,637.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, President Stephen Howard Kramer sold 6,000 shares of Bright Horizons Family Solutions stock in a transaction that occurred on Wednesday, April 5th. The shares were sold at an average price of $70.79, for a total transaction of $424,740.00. The disclosure for this sale can be found here. Insiders have sold 4,240,390 shares of company stock worth $335,678,096 over the last ninety days. Insiders own 2.90% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. BlackRock Inc. boosted its position in shares of Bright Horizons Family Solutions by 73,144.9% in the first quarter. BlackRock Inc. now owns 2,743,023 shares of the company’s stock worth $198,843,000 after buying an additional 2,739,278 shares during the period. Mackenzie Financial Corp bought a new stake in shares of Bright Horizons Family Solutions during the first quarter worth $32,736,000. Norges Bank bought a new stake in shares of Bright Horizons Family Solutions during the fourth quarter worth $23,478,000. Neuberger Berman Group LLC raised its stake in shares of Bright Horizons Family Solutions by 92.8% in the first quarter. Neuberger Berman Group LLC now owns 553,518 shares of the company’s stock worth $40,125,000 after buying an additional 266,468 shares in the last quarter. Finally, Allianz Asset Management AG raised its stake in shares of Bright Horizons Family Solutions by 433.1% in the fourth quarter. Allianz Asset Management AG now owns 246,637 shares of the company’s stock worth $17,269,000 after buying an additional 200,373 shares in the last quarter. 99.36% of the stock is currently owned by institutional investors and hedge funds.

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Bright Horizons Family Solutions Company Profile

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.

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