Bright Horizons Family Solutions (NYSE:BFAM) Given New $149.00 Price Target at JPMorgan Chase & Co.

Bright Horizons Family Solutions (NYSE:BFAM - Get Free Report) had its price objective increased by equities researchers at JPMorgan Chase & Co. from $137.00 to $149.00 in a note issued to investors on Tuesday, Benzinga reports. The firm currently has an "overweight" rating on the stock. JPMorgan Chase & Co.'s price objective points to a potential upside of 28.58% from the company's previous close.

A number of other research analysts have also commented on the company. Barclays upped their price target on Bright Horizons Family Solutions from $125.00 to $160.00 and gave the company an "overweight" rating in a research report on Friday, August 30th. The Goldman Sachs Group raised their price objective on Bright Horizons Family Solutions from $125.00 to $142.00 and gave the company a "buy" rating in a research report on Friday, August 2nd. Robert W. Baird boosted their target price on Bright Horizons Family Solutions from $131.00 to $140.00 and gave the stock a "neutral" rating in a report on Tuesday. BMO Capital Markets lifted their target price on shares of Bright Horizons Family Solutions from $104.00 to $122.00 and gave the stock a "market perform" rating in a report on Friday, August 2nd. Finally, UBS Group boosted their price objective on shares of Bright Horizons Family Solutions from $128.00 to $145.00 and gave the stock a "neutral" rating in a report on Tuesday, October 8th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $141.13.

Bright Horizons Family Solutions Price Performance

Shares of Bright Horizons Family Solutions stock traded down $16.95 on Tuesday, hitting $115.88. 1,289,241 shares of the company traded hands, compared to its average volume of 359,289. The company has a market cap of $6.73 billion, a P/E ratio of 67.49 and a beta of 1.49. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 0.73. Bright Horizons Family Solutions has a 12-month low of $80.29 and a 12-month high of $141.90. The firm's 50-day simple moving average is $136.30 and its 200 day simple moving average is $122.20.

Insider Buying and Selling at Bright Horizons Family Solutions

In other Bright Horizons Family Solutions news, Director Mary Ann Tocio sold 2,500 shares of the stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $130.93, for a total transaction of $327,325.00. Following the transaction, the director now directly owns 30,257 shares of the company's stock, valued at $3,961,549.01. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Bright Horizons Family Solutions news, Director Mary Ann Tocio sold 2,500 shares of Bright Horizons Family Solutions stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $130.93, for a total transaction of $327,325.00. Following the sale, the director now owns 30,257 shares of the company's stock, valued at $3,961,549.01. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO Mary Lou Burke sold 800 shares of the 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 completion of 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 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 4,100 shares of company stock valued at $549,397. Corporate insiders own 1.22% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of BFAM. Raleigh Capital Management Inc. acquired a new stake in Bright Horizons Family Solutions during the third quarter worth $29,000. V Square Quantitative Management LLC acquired a new stake in shares of Bright Horizons Family Solutions during the 3rd quarter worth about $35,000. Whittier Trust Co. of Nevada Inc. raised its holdings in Bright Horizons Family Solutions by 850.0% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 342 shares of the company's stock valued at $38,000 after buying an additional 306 shares during the period. Daiwa Securities Group Inc. lifted its position in Bright Horizons Family Solutions by 73.3% in the second quarter. Daiwa Securities Group Inc. now owns 390 shares of the company's stock valued at $43,000 after buying an additional 165 shares during the last quarter. Finally, Quarry LP boosted its stake in 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 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.