Bright Horizons Family Solutions (NYSE:BFAM) Stock Price Expected to Rise, JPMorgan Chase & Co. Analyst Says

Bright Horizons Family Solutions (NYSE:BFAM) had its price objective hoisted by JPMorgan Chase & Co. from $137.00 to $149.00 in a research report released on Tuesday morning, Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the stock.

Several other analysts also recently weighed in on BFAM. Morgan Stanley lifted their price objective on shares of Bright Horizons Family Solutions from $100.00 to $108.00 and gave the company an “underweight” rating in a research report on Tuesday. The Goldman Sachs Group lifted their price objective on shares of 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. Barclays lifted their price objective on shares of 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. Robert W. Baird lifted their price objective on shares of Bright Horizons Family Solutions from $131.00 to $140.00 and gave the company a “neutral” rating in a research report on Tuesday. Finally, BMO Capital Markets boosted their price target on shares of Bright Horizons Family Solutions from $104.00 to $122.00 and gave the stock a “market perform” rating in a research report on Friday, August 2nd. One analyst has rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $141.13.

Bright Horizons Family Solutions Trading Down 12.7 %

Shares of NYSE:BFAM opened at $115.90 on Tuesday. The company has a market cap of $6.73 billion, a PE ratio of 66.61 and a beta of 1.49. The company’s 50-day moving average price is $135.84 and its 200 day moving average price is $122.28. Bright Horizons Family Solutions has a fifty-two week low of $80.29 and a fifty-two week high of $141.90. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 0.73.

Insiders Place Their Bets

In related news, COO Mary Lou Burke sold 800 shares of the business’s stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $140.65, for a total value of $112,520.00. Following the sale, the chief operating officer now directly owns 31,825 shares in the company, valued at $4,476,186.25. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, Director Mary Ann Tocio sold 2,500 shares of the business’s stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $130.93, for a total value of $327,325.00. Following the sale, the director now directly owns 30,257 shares in the company, valued at $3,961,549.01. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, COO Mary Lou Burke sold 800 shares of the business’s stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $140.65, for a total transaction of $112,520.00. Following the completion of the sale, the chief operating officer now owns 31,825 shares in the company, valued at $4,476,186.25. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 4,100 shares of company stock worth $549,397. 1.22% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in BFAM. Geneva Capital Management LLC grew its position in Bright Horizons Family Solutions by 0.5% during the third quarter. Geneva Capital Management LLC now owns 575,400 shares of the company’s stock valued at $80,631,000 after purchasing an additional 2,649 shares in the last quarter. Aigen Investment Management LP purchased a new position in Bright Horizons Family Solutions during the third quarter valued at approximately $418,000. Entropy Technologies LP purchased a new position in Bright Horizons Family Solutions during the third quarter valued at approximately $604,000. Venturi Wealth Management LLC grew its position in Bright Horizons Family Solutions by 61.6% during the third quarter. Venturi Wealth Management LLC now owns 2,250 shares of the company’s stock valued at $315,000 after purchasing an additional 858 shares in the last quarter. Finally, TimesSquare Capital Management LLC purchased a new position in Bright Horizons Family Solutions during the third quarter valued at approximately $13,639,000.

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.