BMO Capital Markets Issues Positive Forecast for Bright Horizons Family Solutions (NYSE:BFAM) Stock Price

Bright Horizons Family Solutions (NYSE:BFAM - Get Free Report) had its price target upped by equities research analysts at BMO Capital Markets from $127.00 to $146.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm currently has an "outperform" rating on the stock. BMO Capital Markets' target price points to a potential upside of 15.61% from the stock's current price.

A number of other equities research analysts have also recently issued reports on the company. JPMorgan Chase & Co. raised their target price on Bright Horizons Family Solutions from $137.00 to $149.00 and gave the company an "overweight" rating in a research note on Tuesday, November 5th. Jefferies Financial Group cut their price objective on shares of Bright Horizons Family Solutions from $155.00 to $132.00 and set a "buy" rating on the stock in a research report on Thursday, January 23rd. Morgan Stanley decreased their target price on shares of Bright Horizons Family Solutions from $102.00 to $100.00 and set an "underweight" rating for the company in a research report on Tuesday, February 11th. UBS Group reduced their price objective on Bright Horizons Family Solutions from $148.00 to $130.00 and set a "neutral" rating for the company in a research report on Friday, January 24th. Finally, Baird R W upgraded Bright Horizons Family Solutions from a "hold" rating to a "strong-buy" rating in a research report on Friday, November 22nd. One analyst has rated the stock with a sell rating, three have issued a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $137.67.

Bright Horizons Family Solutions Stock Performance

Shares of NYSE BFAM traded down $3.08 during midday trading on Tuesday, hitting $126.29. The company's stock had a trading volume of 525,477 shares, compared to its average volume of 465,987. The firm has a market cap of $7.35 billion, a P/E ratio of 52.62 and a beta of 1.45. Bright Horizons Family Solutions has a 1-year low of $100.59 and a 1-year high of $141.90. The firm's fifty day moving average price is $116.91 and its 200-day moving average price is $124.69. 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 (NYSE:BFAM - Get Free Report) last issued its earnings results on Thursday, February 13th. The company reported $0.88 EPS for the quarter, missing analysts' consensus estimates 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, sell-side analysts forecast that Bright Horizons Family Solutions will post 3.49 EPS for the current fiscal year.

Insider Transactions at Bright Horizons Family Solutions

In related news, Director Mary Ann Tocio sold 5,000 shares of the business's stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $114.71, for a total value of $573,550.00. Following the sale, the director now directly owns 25,257 shares in the company, valued at $2,897,230.47. The trade was a 16.53 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 1.22% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in BFAM. Vanguard Group Inc. lifted its position in shares of Bright Horizons Family Solutions by 1.9% during the 4th quarter. Vanguard Group Inc. now owns 5,442,777 shares of the company's stock valued at $603,332,000 after acquiring an additional 101,151 shares during the last quarter. T. Rowe Price Investment Management Inc. lifted its holdings in shares of Bright Horizons Family Solutions by 60.4% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 4,958,538 shares of the company's stock valued at $549,654,000 after purchasing an additional 1,868,117 shares during the last quarter. JPMorgan Chase & Co. boosted its position in shares of Bright Horizons Family Solutions by 16.9% in the 4th quarter. JPMorgan Chase & Co. now owns 3,546,606 shares of the company's stock valued at $393,141,000 after purchasing an additional 511,905 shares during the period. Massachusetts Financial Services Co. MA increased its stake in Bright Horizons Family Solutions by 15.4% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 3,181,050 shares of the company's stock worth $445,761,000 after purchasing an additional 423,456 shares in the last quarter. Finally, William Blair Investment Management LLC raised its holdings in Bright Horizons Family Solutions by 29.0% during the 4th quarter. William Blair Investment Management LLC now owns 2,370,336 shares of the company's stock worth $262,752,000 after buying an additional 532,644 shares during the period.

About Bright Horizons Family Solutions

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.