Bright Horizons Family Solutions Inc. (NYSE:BFAM) Receives $138.25 Average PT from Analysts

Bright Horizons Family Solutions Inc. (NYSE:BFAM - Get Free Report) has earned a consensus rating of "Moderate Buy" from the nine brokerages that are covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, two have issued a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $138.25.

A number of research firms have weighed in on BFAM. BMO Capital Markets raised Bright Horizons Family Solutions from a "market perform" rating to an "outperform" rating and decreased their price objective for the stock from $137.00 to $125.00 in a research report on Monday, November 18th. JPMorgan Chase & Co. increased their price target on Bright Horizons Family Solutions from $137.00 to $149.00 and gave the stock an "overweight" rating in a report on Tuesday, November 5th. Robert W. Baird upgraded shares of Bright Horizons Family Solutions from a "neutral" rating to an "outperform" rating and set a $140.00 price objective on the stock in a research report on Friday, November 22nd. Baird R W upgraded shares of Bright Horizons Family Solutions from a "hold" rating to a "strong-buy" rating in a research report on Friday, November 22nd. Finally, UBS Group lifted their target price on shares of Bright Horizons Family Solutions from $145.00 to $148.00 and gave the company a "neutral" rating in a report on Tuesday, November 5th.

Bright Horizons Family Solutions Stock Up 1.7 %

Shares of NYSE:BFAM traded up $1.91 during trading on Friday, hitting $112.46. The company's stock had a trading volume of 335,713 shares, compared to its average volume of 313,457. Bright Horizons Family Solutions has a fifty-two week low of $92.07 and a fifty-two week high of $141.90. The business has a 50 day moving average price of $114.31 and a two-hundred day moving average price of $123.10. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.61 and a current ratio of 0.61. The company 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 - Get Free Report) last issued its earnings results on Monday, November 4th. The company reported $1.11 earnings per share for the quarter, beating the consensus estimate of $1.06 by $0.05. Bright Horizons Family Solutions had a net margin of 4.44% and a return on equity of 13.23%. The firm had revenue of $719.00 million for the quarter, compared to analysts' expectations of $713.16 million. During the same quarter last year, the company earned $0.78 earnings per share. The firm's revenue was up 11.3% compared to the same quarter last year. As a group, research analysts expect that Bright Horizons Family Solutions will post 3.01 EPS for the current fiscal year.

Insider Activity at Bright Horizons Family Solutions

In other Bright Horizons Family Solutions news, COO Mary Lou Burke sold 800 shares of the business's stock in a transaction on Monday, October 7th. The stock was sold at an average price of $136.94, for a total transaction of $109,552.00. Following the sale, the chief operating officer now directly owns 31,025 shares in the company, valued at approximately $4,248,563.50. The trade was a 2.51 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Mary Ann Tocio sold 5,000 shares of the company's stock in a transaction 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 completion of the sale, the director now directly owns 25,257 shares in the company, valued at $2,897,230.47. This trade represents a 16.53 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.22% of the company's stock.

Hedge Funds Weigh In On Bright Horizons Family Solutions

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. OLD National Bancorp IN lifted its position in shares of Bright Horizons Family Solutions by 2.7% in the third quarter. OLD National Bancorp IN now owns 3,159 shares of the company's stock valued at $443,000 after acquiring an additional 82 shares in the last quarter. EverSource Wealth Advisors LLC raised its stake in Bright Horizons Family Solutions by 6.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,097 shares of the company's stock valued at $252,000 after purchasing an additional 119 shares during the last quarter. Avior Wealth Management LLC lifted its holdings in Bright Horizons Family Solutions by 2.9% in the 3rd quarter. Avior Wealth Management LLC now owns 4,674 shares of the company's stock valued at $655,000 after purchasing an additional 133 shares in the last quarter. Daiwa Securities Group Inc. boosted its stake in shares of Bright Horizons Family Solutions by 37.2% during the 3rd quarter. Daiwa Securities Group Inc. now owns 535 shares of the company's stock worth $75,000 after purchasing an additional 145 shares during the last quarter. Finally, Quarry LP grew its holdings in shares of Bright Horizons Family Solutions by 68.3% during the second quarter. Quarry LP now owns 436 shares of the company's stock worth $48,000 after buying an additional 177 shares in the last quarter.

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.