Bright Horizons Family Solutions (BFAM) PT Raised to $122.00 at Robert W. Baird

Bright Horizons Family Solutions (NYSE:BFAM) had its target price lifted by Robert W. Baird from $115.00 to $122.00 in a research note published on Friday morning. Robert W. Baird currently has a neutral rating on the stock.

A number of other brokerages have also commented on BFAM. Zacks Investment Research upgraded Bright Horizons Family Solutions from a sell rating to a hold rating in a research report on Monday, September 3rd. JPMorgan Chase & Co. lifted their price objective on Bright Horizons Family Solutions from $121.00 to $125.00 and gave the stock an overweight rating in a research report on Friday. Barclays lifted their price objective on Bright Horizons Family Solutions from $105.00 to $125.00 and gave the stock an overweight rating in a research report on Friday. Bank of America began coverage on Bright Horizons Family Solutions in a research report on Tuesday, October 23rd. They issued a neutral rating and a $118.00 price objective for the company. Finally, BMO Capital Markets lifted their price objective on Bright Horizons Family Solutions from $114.00 to $118.00 and gave the stock a market perform rating in a research report on Monday, August 6th. Nine equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Bright Horizons Family Solutions currently has an average rating of Hold and a consensus price target of $111.18.

Shares of BFAM stock opened at $115.47 on Friday. The company has a debt-to-equity ratio of 1.39, a current ratio of 0.34 and a quick ratio of 0.34. The stock has a market capitalization of $6.73 billion, a P/E ratio of 45.28, a PEG ratio of 3.32 and a beta of 0.19. Bright Horizons Family Solutions has a 12 month low of $85.55 and a 12 month high of $120.07.

Bright Horizons Family Solutions (NYSE:BFAM) last announced its quarterly earnings data on Thursday, November 1st. The company reported $0.73 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.73. The firm had revenue of $472.00 million during the quarter, compared to analyst estimates of $471.85 million. Bright Horizons Family Solutions had a return on equity of 22.81% and a net margin of 8.73%. The company’s revenue was up 8.9% on a year-over-year basis. During the same period last year, the company earned $0.62 earnings per share. Equities analysts anticipate that Bright Horizons Family Solutions will post 2.92 earnings per share for the current fiscal year.

In other Bright Horizons Family Solutions news, Director Mary Ann Tocio sold 7,500 shares of the firm’s stock in a transaction dated Tuesday, October 9th. The stock was sold at an average price of $115.12, for a total transaction of $863,400.00. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, COO Mary Lou Burke sold 1,100 shares of the firm’s stock in a transaction dated Friday, October 5th. The stock was sold at an average price of $113.34, for a total value of $124,674.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 46,758 shares of company stock worth $5,398,989. Company insiders own 2.20% of the company’s stock.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Legal & General Group Plc boosted its holdings in Bright Horizons Family Solutions by 1.8% during the first quarter. Legal & General Group Plc now owns 30,958 shares of the company’s stock worth $3,087,000 after buying an additional 560 shares during the last quarter. Tygh Capital Management Inc. lifted its holdings in shares of Bright Horizons Family Solutions by 0.8% during the 2nd quarter. Tygh Capital Management Inc. now owns 77,075 shares of the company’s stock valued at $7,902,000 after purchasing an additional 593 shares in the last quarter. Whittier Trust Co. of Nevada Inc. lifted its holdings in shares of Bright Horizons Family Solutions by 31.6% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 2,571 shares of the company’s stock valued at $264,000 after purchasing an additional 618 shares in the last quarter. Bfsg LLC lifted its holdings in shares of Bright Horizons Family Solutions by 18.6% during the 2nd quarter. Bfsg LLC now owns 4,290 shares of the company’s stock valued at $440,000 after purchasing an additional 674 shares in the last quarter. Finally, CWM LLC lifted its holdings in shares of Bright Horizons Family Solutions by 3.9% during the 2nd quarter. CWM LLC now owns 22,699 shares of the company’s stock valued at $2,327,000 after purchasing an additional 850 shares in the last quarter. Hedge funds and other institutional investors own 97.79% of the company’s stock.

About Bright Horizons Family Solutions

Bright Horizons Family Solutions Inc provides child care and early education, back-up dependent care, and educational advisory services for employers and families. The company operates through three segments: Full Service Center-Based Child Care, Back-Up Dependent Care, and Other Educational Advisory Services.

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Analyst Recommendations for Bright Horizons Family Solutions (NYSE:BFAM)

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