Bright Horizons Family Solutions Inc. (NYSE:BFAM) Receives $141.13 Average PT from Analysts

Bright Horizons Family Solutions Inc. (NYSE:BFAM) has earned an average rating of “Hold” from the eight analysts that are presently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $141.50.

A number of equities analysts have weighed in on BFAM shares. The Goldman Sachs Group boosted their price objective on Bright Horizons Family Solutions from $142.00 to $162.00 and gave the stock a “buy” rating in a research note on Tuesday, November 5th. UBS Group lifted their target price on shares of Bright Horizons Family Solutions from $145.00 to $148.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 5th. BMO Capital Markets raised shares of Bright Horizons Family Solutions from a “market perform” rating to an “outperform” rating and dropped their price target for the company from $137.00 to $125.00 in a research note on Monday. Robert W. Baird lifted their price target on shares of Bright Horizons Family Solutions from $131.00 to $140.00 and gave the company a “neutral” rating in a research report on Tuesday, November 5th. Finally, Barclays upped their price objective on Bright Horizons Family Solutions from $125.00 to $160.00 and gave the company an “overweight” rating in a report on Friday, August 30th.

Bright Horizons Family Solutions Stock Performance

Shares of NYSE:BFAM opened at $108.36 on Thursday. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.61 and a quick ratio of 0.61. Bright Horizons Family Solutions has a 1 year low of $86.79 and a 1 year high of $141.90. The firm has a market capitalization of $6.30 billion, a PE ratio of 54.45 and a beta of 1.49. The business’s 50 day moving average price is $129.65 and its 200-day moving average price is $122.54.

Bright Horizons Family Solutions (NYSE:BFAM) last released its earnings results on Monday, November 4th. The company reported $1.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.06 by $0.05. The business had revenue of $719.00 million during the quarter, compared to analyst estimates of $713.16 million. Bright Horizons Family Solutions had a net margin of 4.44% and a return on equity of 13.23%. The company’s revenue for the quarter was up 11.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.78 earnings per share. As a group, equities research analysts expect that Bright Horizons Family Solutions will post 3 earnings per share for the current fiscal year.

Insider Transactions at Bright Horizons Family Solutions

In related news, COO Mary Lou Burke sold 800 shares of the firm’s stock in a transaction that occurred on Monday, October 7th. The shares were sold at an average price of $136.94, for a total value of $109,552.00. Following the sale, the chief operating officer now owns 31,025 shares of the company’s stock, valued at $4,248,563.50. This trade represents a 2.51 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 1.22% of the company’s stock.

Institutional Trading of Bright Horizons Family Solutions

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Geode Capital Management LLC lifted its position in shares of Bright Horizons Family Solutions by 0.8% during the 3rd quarter. Geode Capital Management LLC now owns 924,832 shares of the company’s stock worth $129,633,000 after buying an additional 7,597 shares during the last quarter. Barclays PLC boosted its stake in Bright Horizons Family Solutions by 24.6% in the third quarter. Barclays PLC now owns 19,215 shares of the company’s stock valued at $2,693,000 after acquiring an additional 3,796 shares in the last quarter. MML Investors Services LLC grew its holdings in shares of Bright Horizons Family Solutions by 17.3% during the third quarter. MML Investors Services LLC now owns 8,082 shares of the company’s stock worth $1,133,000 after purchasing an additional 1,190 shares during the last quarter. XTX Topco Ltd increased its position in shares of Bright Horizons Family Solutions by 11.4% during the third quarter. XTX Topco Ltd now owns 6,103 shares of the company’s stock worth $855,000 after purchasing an additional 626 shares in the last quarter. Finally, Zacks Investment Management purchased a new stake in shares of Bright Horizons Family Solutions in the 3rd quarter valued at about $4,175,000.

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.