Bright Horizons Family Solutions Inc. (NYSE:BFAM) Receives $137.67 Average PT from Brokerages

Shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM) have been given a consensus rating of “Moderate Buy” by the ten research firms that are currently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation, six have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $137.67.

Several equities analysts recently commented on the stock. The Goldman Sachs Group reduced their target price on shares of Bright Horizons Family Solutions from $162.00 to $142.00 and set a “buy” rating on the stock in a report on Friday, December 27th. StockNews.com raised Bright Horizons Family Solutions from a “sell” rating to a “hold” rating in a research note on Saturday, February 22nd. UBS Group lowered their target price on Bright Horizons Family Solutions from $148.00 to $130.00 and set a “neutral” rating for the company in a research note on Friday, January 24th. Morgan Stanley reduced their price target on Bright Horizons Family Solutions from $102.00 to $100.00 and set an “underweight” rating on the stock in a research report on Tuesday, February 11th. Finally, BMO Capital Markets boosted their price objective on Bright Horizons Family Solutions from $127.00 to $146.00 and gave the company an “outperform” rating in a research report on Tuesday, February 18th.

Bright Horizons Family Solutions Trading Up 1.1 %

NYSE BFAM opened at $128.63 on Friday. The company has a quick ratio of 0.61, a current ratio of 0.61 and a debt-to-equity ratio of 0.66. The stock’s 50-day simple moving average is $118.09 and its two-hundred day simple moving average is $124.53. Bright Horizons Family Solutions has a twelve month low of $100.59 and a twelve month high of $141.90. The company has a market capitalization of $7.48 billion, a price-to-earnings ratio of 53.60 and a beta of 1.45.

Bright Horizons Family Solutions (NYSE:BFAM) last released its earnings results on Thursday, February 13th. The company reported $0.88 earnings per share for the quarter, missing analysts’ consensus estimates of $0.91 by ($0.03). Bright Horizons Family Solutions had a return on equity of 13.63% and a net margin of 5.22%. Research analysts forecast that Bright Horizons Family Solutions will post 3.61 EPS for the current fiscal year.

Insider Activity

In other Bright Horizons Family Solutions news, Director Mary Ann Tocio sold 5,000 shares of Bright Horizons Family Solutions stock in a transaction on 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.22% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Bright Horizons Family Solutions

Several large investors have recently modified their holdings of the stock. Versant Capital Management Inc bought a new stake in Bright Horizons Family Solutions during the 4th quarter valued at about $25,000. Atala Financial Inc purchased a new stake in shares of Bright Horizons Family Solutions during the fourth quarter valued at approximately $32,000. Tortoise Investment Management LLC increased its position in shares of Bright Horizons Family Solutions by 76.7% during the fourth quarter. Tortoise Investment Management LLC now owns 417 shares of the company’s stock valued at $46,000 after acquiring an additional 181 shares in the last quarter. True Wealth Design LLC purchased a new position in Bright Horizons Family Solutions in the 3rd quarter worth approximately $49,000. Finally, Capital Performance Advisors LLP bought a new position in Bright Horizons Family Solutions in the 3rd quarter valued at approximately $75,000.

Bright Horizons Family Solutions Company Profile

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.