Bright Horizons Family Solutions Inc. (NYSE:BFAM) Receives $137.67 Average PT from Brokerages

Shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM - Get Free Report) have earned an average recommendation of "Moderate Buy" from the ten analysts that are presently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, two have issued a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $137.67.

A number of research analysts have issued reports on the stock. 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. Jefferies Financial Group reduced their price target on 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. BMO Capital Markets raised their price objective on Bright Horizons Family Solutions from $127.00 to $146.00 and gave the stock an "outperform" rating in a research note on Tuesday, February 18th. Robert W. Baird upgraded Bright Horizons Family Solutions from a "neutral" rating to an "outperform" rating and set a $140.00 target price for the company in a research report on Friday, November 22nd. Finally, The Goldman Sachs Group decreased their price target on Bright Horizons Family Solutions from $162.00 to $142.00 and set a "buy" rating on the stock in a research report on Friday, December 27th.

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Bright Horizons Family Solutions Stock Performance

Shares of NYSE:BFAM traded down $1.74 during trading on Wednesday, reaching $124.58. 568,428 shares of the stock were exchanged, compared to its average volume of 408,529. The firm has a market cap of $7.14 billion, a PE ratio of 51.91 and a beta of 1.50. The company has a current ratio of 0.61, a quick ratio of 0.61 and a debt-to-equity ratio of 0.66. Bright Horizons Family Solutions has a 12 month low of $100.59 and a 12 month high of $141.90. The stock has a 50-day moving average price of $123.44 and a 200-day moving average price of $123.47.

Bright Horizons Family Solutions (NYSE:BFAM - Get Free Report) last issued its quarterly earnings data 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%. Research analysts expect that Bright Horizons Family Solutions will post 3.61 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 1,000 shares of the business's stock in a transaction that occurred on Thursday, March 13th. The shares were sold at an average price of $124.69, for a total transaction of $124,690.00. Following the sale, the chief operating officer now directly owns 33,449 shares of the company's stock, valued at $4,170,755.81. The trade was a 2.90 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Mary Ann Tocio sold 2,500 shares of the company's stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $124.74, for a total transaction of $311,850.00. Following the completion of the transaction, the director now owns 22,757 shares of the company's stock, valued at approximately $2,838,708.18. This trade represents a 9.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.22% of the stock is currently owned by insiders.

Institutional Trading of Bright Horizons Family Solutions

Several institutional investors have recently modified their holdings of BFAM. Oppenheimer Asset Management Inc. lifted its holdings in Bright Horizons Family Solutions by 0.7% during the 4th quarter. Oppenheimer Asset Management Inc. now owns 13,202 shares of the company's stock worth $1,463,000 after buying an additional 96 shares during the period. Bank of Montreal Can boosted its holdings in Bright Horizons Family Solutions by 3.6% in the fourth quarter. Bank of Montreal Can now owns 2,912 shares of the company's stock valued at $323,000 after acquiring an additional 101 shares during the last quarter. Accretive Wealth Partners LLC boosted its holdings in Bright Horizons Family Solutions by 1.5% in the fourth quarter. Accretive Wealth Partners LLC now owns 7,514 shares of the company's stock valued at $833,000 after acquiring an additional 111 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its position in Bright Horizons Family Solutions by 2.1% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 5,425 shares of the company's stock valued at $601,000 after purchasing an additional 113 shares during the period. Finally, Arizona State Retirement System raised its holdings in Bright Horizons Family Solutions by 0.9% during the 4th quarter. Arizona State Retirement System now owns 15,161 shares of the company's stock worth $1,681,000 after purchasing an additional 129 shares during 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.