Bright Horizons Family Solutions Inc. (NYSE:BFAM)‘s stock had its “buy” rating restated by research analysts at Barclays PLC in a research report issued on Friday.

The analysts wrote, “Analysts’ Top Services Picks: BFAM, COTV | Analyst Ratings

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Home » Analysts’ Top Services Picks: BFAM, COTV”

Several other research analysts have also weighed in on BFAM. Zacks Investment Research raised shares of Bright Horizons Family Solutions from a “sell” rating to a “hold” rating in a report on Monday, August 8th. JPMorgan Chase & Co. raised shares of Bright Horizons Family Solutions from a “neutral” rating to an “overweight” rating and raised their price objective for the stock from $70.00 to $76.00 in a report on Monday, August 15th. Jefferies Group raised shares of Bright Horizons Family Solutions from a “neutral” rating to an “overweight” rating and set a $76.00 price objective for the company in a report on Monday, August 15th. Credit Suisse Group AG reissued a “buy” rating and set a $74.00 price objective on shares of Bright Horizons Family Solutions in a report on Friday, September 16th. Finally, William Blair lowered shares of Bright Horizons Family Solutions from an “outperform” rating to a “market weight” rating in a report on Wednesday, November 2nd. One research analyst has rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $73.43.

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

Shares of Bright Horizons Family Solutions (NYSE:BFAM) opened at 71.86 on Friday. Bright Horizons Family Solutions has a one year low of $59.00 and a one year high of $72.80. The stock has a 50 day moving average of $66.30 and a 200-day moving average of $66.44. The stock has a market capitalization of $4.28 billion, a PE ratio of 43.47 and a beta of 0.17.

Bright Horizons Family Solutions (NYSE:BFAM) last released its quarterly earnings results on Tuesday, November 1st. The company reported $0.49 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.50 by $0.01. Bright Horizons Family Solutions had a return on equity of 16.87% and a net margin of 6.58%. The firm had revenue of $383.90 million for the quarter, compared to analysts’ expectations of $387.82 million. During the same period last year, the firm earned $0.43 EPS. The business’s quarterly revenue was up 4.9% on a year-over-year basis. Equities analysts predict that Bright Horizons Family Solutions will post $2.15 earnings per share for the current fiscal year.

In other Bright Horizons Family Solutions news, COO Mary Lou Burke sold 2,222 shares of the business’s stock in a transaction dated Monday, November 7th. The shares were sold at an average price of $63.58, for a total transaction of $141,274.76. Following the sale, the chief operating officer now directly owns 31,742 shares in the company, valued at approximately $2,018,156.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, President Stephen Howard Kramer sold 6,667 shares of the business’s stock in a transaction dated Tuesday, August 23rd. The stock was sold at an average price of $69.30, for a total transaction of $462,023.10. The disclosure for this sale can be found here. Company insiders own 4.00% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the company. Huntington National Bank increased its stake in Bright Horizons Family Solutions by 27.2% in the third quarter. Huntington National Bank now owns 1,643 shares of the company’s stock worth $110,000 after buying an additional 351 shares during the period. BNP Paribas Arbitrage SA increased its stake in Bright Horizons Family Solutions by 6,110.7% in the second quarter. BNP Paribas Arbitrage SA now owns 1,739 shares of the company’s stock worth $115,000 after buying an additional 1,711 shares during the period. Invictus RG increased its stake in Bright Horizons Family Solutions by 655.6% in the first quarter. Invictus RG now owns 1,821 shares of the company’s stock worth $118,000 after buying an additional 1,580 shares during the period. Glenmede Trust Co. NA bought a new stake in Bright Horizons Family Solutions during the second quarter worth approximately $131,000. Finally, Tower Research Capital LLC TRC bought a new stake in Bright Horizons Family Solutions during the second quarter worth approximately $132,000.

About Bright Horizons Family Solutions

Bright Horizons Family Solutions Inc is a provider of child care, early education and other services. The Company provides services under multi-year contracts with employers offering child care and other dependent care solutions. The Company’s segments include full service center-based care services, back-up dependent care services and other educational advisory services.

5 Day Chart for NYSE:BFAM

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