Bright Horizons Family Solutions (NYSE:BFAM) Price Target Raised to $152.00

Bright Horizons Family Solutions (NYSE:BFAM) had its target price upped by BMO Capital Markets to $152.00 in a research report released on Wednesday morning, The Fly reports. BMO Capital Markets currently has a market perform rating on the stock.

Other equities analysts have also issued research reports about the company. ValuEngine lowered Zumiez from a hold rating to a sell rating in a research note on Tuesday, July 2nd. Goldman Sachs Group set a €6.20 ($7.21) price target on Kloeckner & Co SE and gave the company a buy rating in a research note on Thursday, June 20th. Finally, Zacks Investment Research lowered EXACT Sciences from a hold rating to a sell rating in a research note on Tuesday, July 2nd. Five research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. Bright Horizons Family Solutions has an average rating of Buy and an average price target of $131.29.

Bright Horizons Family Solutions stock opened at $153.09 on Wednesday. The business’s fifty day moving average is $144.18. Bright Horizons Family Solutions has a one year low of $105.15 and a one year high of $155.00. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.36 and a current ratio of 0.36. The company has a market cap of $8.89 billion, a price-to-earnings ratio of 49.23, a PEG ratio of 4.26 and a beta of 0.31.

Bright Horizons Family Solutions (NYSE:BFAM) last posted its quarterly earnings data on Tuesday, April 30th. The company reported $0.81 EPS for the quarter, topping the Zacks’ consensus estimate of $0.79 by $0.02. Bright Horizons Family Solutions had a return on equity of 23.38% and a net margin of 8.38%. The firm had revenue of $501.76 million for the quarter, compared to analyst estimates of $497.24 million. During the same quarter last year, the company earned $0.72 EPS. The company’s revenue was up 8.2% on a year-over-year basis. On average, equities analysts expect that Bright Horizons Family Solutions will post 3.39 earnings per share for the current year.

In other news, COO Mary Lou Burke sold 852 shares of Bright Horizons Family Solutions stock in a transaction on Monday, April 15th. The stock was sold at an average price of $127.84, for a total value of $108,919.68. Following the transaction, the chief operating officer now owns 29,200 shares in the company, valued at approximately $3,732,928. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Elizabeth J. Boland sold 3,500 shares of Bright Horizons Family Solutions stock in a transaction on Wednesday, May 22nd. The shares were sold at an average price of $133.23, for a total value of $466,305.00. Following the completion of the transaction, the chief financial officer now owns 123,841 shares in the company, valued at approximately $16,499,336.43. The disclosure for this sale can be found here. In the last quarter, insiders sold 38,908 shares of company stock worth $5,505,026. Corporate insiders own 1.90% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the company. Bluestein R H & Co. bought a new stake in Bright Horizons Family Solutions during the 1st quarter worth $381,000. Nomura Asset Management Co. Ltd. grew its position in Bright Horizons Family Solutions by 1.3% during the 1st quarter. Nomura Asset Management Co. Ltd. now owns 13,570 shares of the company’s stock worth $1,725,000 after acquiring an additional 170 shares during the last quarter. Great Point Wealth Advisors LLC bought a new stake in Bright Horizons Family Solutions during the 4th quarter worth $1,019,000. Mirae Asset Global Investments Co. Ltd. grew its position in Bright Horizons Family Solutions by 20.3% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,525 shares of the company’s stock worth $393,000 after acquiring an additional 596 shares during the last quarter. Finally, Legal & General Group Plc grew its position in Bright Horizons Family Solutions by 12.4% during the 4th quarter. Legal & General Group Plc now owns 33,573 shares of the company’s stock worth $3,741,000 after acquiring an additional 3,717 shares during the last quarter. Institutional investors own 97.29% of the company’s stock.

About Bright Horizons Family Solutions

Bright Horizons Family Solutions Inc provides child care and early education, back-up care, and educational advisory services for employers and families. The company operates through three segments: Full Service Center-Based Child Care, Back-Up Care, and Educational Advisory Services. The Full Service Center-Based Child Care segment offers traditional center-based child care, preschool, and elementary education services.

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Analyst Recommendations for Bright Horizons Family Solutions (NYSE:BFAM)

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