Analysts Set Bright Horizons Family Solutions Inc. (NYSE:BFAM) PT at $135.56

Shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM) have been assigned an average recommendation of “Moderate Buy” from the ten ratings firms that are covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation, six have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $135.56.

Several analysts recently weighed in on the company. JPMorgan Chase & Co. raised their price objective on Bright Horizons Family Solutions from $137.00 to $149.00 and gave the company an “overweight” rating in a research note on Tuesday, November 5th. The Goldman Sachs Group reduced their price target on shares of Bright Horizons Family Solutions from $162.00 to $142.00 and set a “buy” rating on the stock in a research note on Friday, December 27th. Jefferies Financial Group lowered their price objective on shares of Bright Horizons Family Solutions from $155.00 to $132.00 and set a “buy” rating for the company in a research report on Thursday, January 23rd. 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. Finally, Morgan Stanley lowered their price target on shares of Bright Horizons Family Solutions from $108.00 to $102.00 and set an “underweight” rating for the company in a report on Thursday, December 12th.

Bright Horizons Family Solutions Price Performance

BFAM stock opened at $122.55 on Tuesday. The company’s 50-day moving average price is $114.13 and its two-hundred day moving average price is $124.42. The firm has a market cap of $7.13 billion, a P/E ratio of 61.58 and a beta of 1.44. The company has a quick ratio of 0.61, a current ratio of 0.61 and a debt-to-equity ratio of 0.66. Bright Horizons Family Solutions has a 12 month low of $94.83 and a 12 month high of $141.90.

Bright Horizons Family Solutions (NYSE:BFAM) last announced its quarterly earnings data on Monday, November 4th. The company reported $1.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.06 by $0.05. Bright Horizons Family Solutions had a net margin of 4.44% and a return on equity of 13.23%. The business had revenue of $719.00 million for the quarter, compared to analysts’ expectations of $713.16 million. During the same period last year, the firm posted $0.78 earnings per share. The firm’s quarterly revenue was up 11.3% compared to the same quarter last year. On average, analysts anticipate that Bright Horizons Family Solutions will post 3 earnings per share for the current fiscal year.

Insider Transactions at Bright Horizons Family Solutions

In other Bright Horizons Family Solutions news, Director Mary Ann Tocio sold 5,000 shares of Bright Horizons Family Solutions stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $114.71, for a total transaction of $573,550.00. Following the completion of the transaction, the director now owns 25,257 shares in the company, valued at approximately $2,897,230.47. The trade was a 16.53 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.22% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of BFAM. New York State Common Retirement Fund raised its position in Bright Horizons Family Solutions by 45.4% in the 4th quarter. New York State Common Retirement Fund now owns 115,183 shares of the company’s stock valued at $12,768,000 after buying an additional 35,959 shares during the last quarter. Venturi Wealth Management LLC raised its holdings in shares of Bright Horizons Family Solutions by 9.1% in the fourth quarter. Venturi Wealth Management LLC now owns 2,454 shares of the company’s stock valued at $272,000 after purchasing an additional 204 shares during the last quarter. Sanctuary Advisors LLC increased its stake in Bright Horizons Family Solutions by 5.0% in the 4th quarter. Sanctuary Advisors LLC now owns 17,773 shares of the company’s stock valued at $1,970,000 after buying an additional 853 shares during the last quarter. Accretive Wealth Partners LLC lifted its position in shares of Bright Horizons Family Solutions by 1.5% during the 4th quarter. Accretive Wealth Partners LLC now owns 7,514 shares of the company’s stock worth $833,000 after buying an additional 111 shares in the last quarter. Finally, Vontobel Holding Ltd. bought a new position in shares of Bright Horizons Family Solutions in the fourth quarter valued at approximately $1,497,000.

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.