Analysts Set Bright Horizons Family Solutions Inc. (NYSE:BFAM) Price Target at $141.50

Shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM - Get Free Report) have received a consensus rating of "Moderate Buy" from the nine research firms that are currently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, two have issued a hold rating, five have given a buy rating and one has issued a strong buy rating on the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $141.50.

Several research analysts have recently weighed in on the stock. The Goldman Sachs Group upped their price target on shares of Bright Horizons Family Solutions from $142.00 to $162.00 and gave the stock a "buy" rating in a report on Tuesday, November 5th. BMO Capital Markets upgraded shares of Bright Horizons Family Solutions from a "market perform" rating to an "outperform" rating and lowered their price objective for the company from $137.00 to $125.00 in a research report on Monday, November 18th. UBS Group upped 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 report on Tuesday, November 5th. Robert W. Baird upgraded Bright Horizons Family Solutions from a "neutral" rating to an "outperform" rating and set a $140.00 price target on the stock in a research report on Friday, November 22nd. Finally, JPMorgan Chase & Co. boosted their target price on Bright Horizons Family Solutions from $137.00 to $149.00 and gave the stock an "overweight" rating in a research report on Tuesday, November 5th.

Bright Horizons Family Solutions Stock Performance

Shares of NYSE:BFAM traded down $2.01 during trading on Monday, hitting $113.10. 789,425 shares of the company were exchanged, compared to its average volume of 404,508. Bright Horizons Family Solutions has a 52-week low of $87.82 and a 52-week high of $141.90. The stock has a 50 day moving average of $123.96 and a 200 day moving average of $122.87. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.61 and a quick ratio of 0.61. The company has a market cap of $6.58 billion, a PE ratio of 57.84 and a beta of 1.44.

Bright Horizons Family Solutions (NYSE:BFAM - Get Free Report) last issued its quarterly earnings data 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 for the quarter, compared to analysts' expectations of $713.16 million. Bright Horizons Family Solutions had a return on equity of 13.23% and a net margin of 4.44%. The firm's quarterly revenue was up 11.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.78 EPS. As a group, equities research analysts predict that Bright Horizons Family Solutions will post 3 EPS for the current year.

Insider Transactions at Bright Horizons Family Solutions

In other news, Director Mary Ann Tocio sold 5,000 shares of Bright Horizons Family Solutions stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $114.71, for a total transaction of $573,550.00. Following the sale, the director now owns 25,257 shares of the company's stock, valued at approximately $2,897,230.47. The trade was a 16.53 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, COO Mary Lou Burke sold 800 shares of the business's stock in a transaction dated Monday, October 7th. The shares were sold at an average price of $136.94, for a total transaction of $109,552.00. Following the transaction, the chief operating officer now owns 31,025 shares in the company, valued at $4,248,563.50. This represents a 2.51 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.22% of the company's stock.

Institutional Investors Weigh In On Bright Horizons Family Solutions

Several hedge funds have recently made changes to their positions in the company. Massachusetts Financial Services Co. MA lifted its position in Bright Horizons Family Solutions by 15.4% during the third 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 stake in shares of Bright Horizons Family Solutions by 1.5% in the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,068,969 shares of the company's stock worth $337,832,000 after acquiring an additional 44,893 shares in the last quarter. State Street Corp lifted its position in Bright Horizons Family Solutions by 0.4% during the 3rd 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 boosted its stake in Bright Horizons Family Solutions by 0.8% during the third 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 in the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in Bright Horizons Family Solutions by 7.0% in the second 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.