Bright Horizons Family Solutions (NYSE:BFAM) Price Target Raised to $148.00 at UBS Group

Bright Horizons Family Solutions (NYSE:BFAM) had its target price boosted by UBS Group from $145.00 to $148.00 in a research note issued to investors on Tuesday,Benzinga reports. UBS Group currently has a neutral rating on the stock.

Several other brokerages have also recently issued reports on BFAM. BMO Capital Markets boosted their price objective on Bright Horizons Family Solutions from $104.00 to $122.00 and gave the company a “market perform” rating in a report on Friday, August 2nd. Morgan Stanley raised their target price on Bright Horizons Family Solutions from $100.00 to $108.00 and gave the company an “underweight” rating in a research report on Tuesday. Robert W. Baird raised their target price on Bright Horizons Family Solutions from $131.00 to $140.00 and gave the company a “neutral” rating in a research report on Tuesday. Barclays increased their price target on Bright Horizons Family Solutions from $125.00 to $160.00 and gave the company an “overweight” rating in a report on Friday, August 30th. Finally, The Goldman Sachs Group increased their price target on Bright Horizons Family Solutions from $142.00 to $162.00 and gave the company a “buy” rating in a report on Tuesday. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Bright Horizons Family Solutions presently has an average rating of “Hold” and a consensus price target of $141.13.

Bright Horizons Family Solutions Price Performance

NYSE:BFAM opened at $116.52 on Tuesday. The firm has a market capitalization of $6.76 billion, a price-to-earnings ratio of 58.55 and a beta of 1.49. Bright Horizons Family Solutions has a 1 year low of $80.29 and a 1 year high of $141.90. The business has a 50 day simple moving average of $134.97 and a 200-day simple moving average of $122.20. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.56 and a quick ratio of 0.56.

Bright Horizons Family Solutions (NYSE:BFAM) last announced its quarterly earnings results 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 return on equity of 13.65% and a net margin of 4.44%. The business had revenue of $719.00 million for the quarter, compared to the consensus estimate of $713.16 million. During the same period last year, the business posted $0.78 EPS. The business’s revenue was up 11.3% compared to the same quarter last year. Equities analysts forecast that Bright Horizons Family Solutions will post 2.98 EPS for the current year.

Insider Transactions at Bright Horizons Family Solutions

In other news, COO Mary Lou Burke sold 800 shares of the firm’s stock in a transaction on Monday, October 7th. The stock was sold at an average price of $136.94, for a total transaction of $109,552.00. Following the completion of the transaction, the chief operating officer now directly owns 31,025 shares in the company, valued at $4,248,563.50. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 1.22% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Meeder Asset Management Inc. purchased a new position in Bright Horizons Family Solutions in the third quarter valued at $268,000. Pathstone Holdings LLC boosted its holdings in Bright Horizons Family Solutions by 4.6% in the third quarter. Pathstone Holdings LLC now owns 28,766 shares of the company’s stock valued at $4,031,000 after purchasing an additional 1,274 shares during the period. Thrivent Financial for Lutherans purchased a new position in Bright Horizons Family Solutions in the third quarter valued at $4,520,000. Claro Advisors LLC purchased a new stake in Bright Horizons Family Solutions during the 3rd quarter worth about $275,000. Finally, Connable Office Inc. lifted its holdings in Bright Horizons Family Solutions by 11.0% during the 3rd quarter. Connable Office Inc. now owns 3,551 shares of the company’s stock worth $498,000 after buying an additional 351 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.