Bright Horizons Family Solutions Inc. (NYSE:BFAM) Receives $137.67 Consensus Price Target from Analysts

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

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

Insider Activity

In other news, COO Mary Lou Burke sold 1,000 shares of Bright Horizons Family Solutions stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of $124.69, for a total transaction of $124,690.00. Following the sale, the chief operating officer now directly owns 33,449 shares of the company’s stock, valued at approximately $4,170,755.81. This trade represents a 2.90 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Mary Ann Tocio sold 2,500 shares of Bright Horizons Family Solutions stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $124.74, for a total value of $311,850.00. Following the completion of the transaction, the director now directly owns 22,757 shares in the company, valued at approximately $2,838,708.18. This represents a 9.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.22% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Bright Horizons Family Solutions

Several hedge funds and other institutional investors have recently modified their holdings of BFAM. Versant Capital Management Inc purchased a new position in Bright Horizons Family Solutions in the fourth quarter worth $25,000. Atala Financial Inc purchased a new position in shares of Bright Horizons Family Solutions in the 4th quarter valued at approximately $32,000. Tortoise Investment Management LLC boosted its holdings in Bright Horizons Family Solutions by 76.7% in the fourth quarter. Tortoise Investment Management LLC now owns 417 shares of the company’s stock worth $46,000 after acquiring an additional 181 shares in the last quarter. True Wealth Design LLC purchased a new stake in Bright Horizons Family Solutions during the third quarter valued at $49,000. Finally, Daiwa Securities Group Inc. boosted its stake in shares of Bright Horizons Family Solutions by 37.2% in the third quarter. Daiwa Securities Group Inc. now owns 535 shares of the company’s stock worth $75,000 after acquiring an additional 145 shares during the period.

Bright Horizons Family Solutions Trading Down 1.4 %

Shares of BFAM stock opened at $124.58 on Wednesday. The stock has a market cap of $7.14 billion, a price-to-earnings ratio of 51.91 and a beta of 1.50. The firm’s 50 day moving average price is $123.44 and its two-hundred day moving average price is $123.24. Bright Horizons Family Solutions has a fifty-two week low of $100.59 and a fifty-two week high of $141.90. 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 (NYSE:BFAM) last released its earnings results on Thursday, February 13th. The company reported $0.88 earnings per share for the quarter, missing the consensus estimate of $0.91 by ($0.03). Bright Horizons Family Solutions had a net margin of 5.22% and a return on equity of 13.63%. On average, analysts anticipate that Bright Horizons Family Solutions will post 3.61 EPS for the current year.

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.