Bright Horizons Family Solutions Inc. (NYSE:BFAM)‘s stock had its “buy” rating reaffirmed by Barclays PLC in a research note issued on Wednesday. They presently have a $80.00 price objective on the stock. Barclays PLC’s target price points to a potential upside of 12.23% from the company’s previous close.

Several other analysts also recently commented on the stock. Zacks Investment Research upgraded shares of Bright Horizons Family Solutions from a “sell” rating to a “hold” rating in a research report on Thursday, December 22nd. BMO Capital Markets restated a “hold” rating on shares of Bright Horizons Family Solutions in a research report on Monday, November 14th. William Blair downgraded shares of Bright Horizons Family Solutions from an “outperform” rating to a “market weight” rating in a research report on Wednesday, November 2nd. Finally, Credit Suisse Group reaffirmed a “buy” rating and set a $74.00 target price on shares of Bright Horizons Family Solutions in a research note on Friday, September 16th. Four research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $74.14.

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

Bright Horizons Family Solutions (NYSE:BFAM) traded down 0.10% during trading on Wednesday, hitting $71.21. 181,465 shares of the company’s stock traded hands. The stock has a market cap of $4.24 billion, a P/E ratio of 43.08 and a beta of 0.17. The company’s 50 day moving average is $69.81 and its 200-day moving average is $67.76. Bright Horizons Family Solutions has a 12 month low of $59.00 and a 12 month high of $72.80.

Bright Horizons Family Solutions (NYSE:BFAM) last announced its quarterly earnings data on Tuesday, November 1st. The company reported $0.49 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.50 by $0.01. The firm had revenue of $383.90 million for the quarter, compared to the consensus estimate of $387.82 million. Bright Horizons Family Solutions had a net margin of 6.58% and a return on equity of 16.87%. The firm’s revenue for the quarter was up 4.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.43 earnings per share. On average, analysts predict that Bright Horizons Family Solutions will post $2.16 earnings per share for the current year.

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In other Bright Horizons Family Solutions news, COO Mary Lou Burke sold 2,222 shares of Bright Horizons Family Solutions stock in a transaction on Monday, November 7th. The shares were sold at an average price of $63.58, for a total value of $141,274.76. Following the completion of the transaction, the chief operating officer now directly owns 31,742 shares of the company’s stock, valued at approximately $2,018,156.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Mandy Berman sold 2,250 shares of Bright Horizons Family Solutions stock in a transaction on Tuesday, November 15th. The stock was sold at an average price of $71.61, for a total transaction of $161,122.50. Following the completion of the transaction, the chief accounting officer now directly owns 43,325 shares of the company’s stock, valued at $3,102,503.25. The disclosure for this sale can be found here. Corporate insiders own 4.00% of the company’s stock.

Several institutional investors have recently modified their holdings of the company. Huntington National Bank boosted its position in shares of 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 last quarter. BNP Paribas Arbitrage SA boosted its position in shares of 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 last quarter. Glenmede Trust Co. NA acquired a new position in shares of Bright Horizons Family Solutions during the second quarter worth approximately $131,000. Tower Research Capital LLC TRC acquired a new position in shares of Bright Horizons Family Solutions during the second quarter worth approximately $132,000. Finally, JPMorgan Chase & Co. boosted its position in shares of Bright Horizons Family Solutions by 19,457.1% in the second quarter. JPMorgan Chase & Co. now owns 2,738 shares of the company’s stock worth $182,000 after buying an additional 2,724 shares during the last quarter. 99.57% of the stock is owned by institutional investors and hedge funds.

Bright Horizons Family Solutions Company Profile

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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