Bright Horizons Family Solutions Inc. (NYSE:BFAM)‘s stock had its “buy” rating restated by analysts at Citigroup Inc. in a research report issued on Thursday. They currently have a $92.00 target price on the stock, up from their prior target price of $90.00. Citigroup Inc.’s price target suggests a potential upside of 16.59% from the stock’s current price.

Several other equities research analysts have also commented on BFAM. BMO Capital Markets restated a “market perform” rating and issued a $85.00 price objective (up previously from $83.00) on shares of Bright Horizons Family Solutions in a research report on Thursday. BidaskClub lowered Bright Horizons Family Solutions from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, June 27th. Zacks Investment Research lowered Bright Horizons Family Solutions from a “buy” rating to a “hold” rating in a research report on Wednesday, July 5th. Finally, Credit Suisse Group lowered Bright Horizons Family Solutions from an “outperform” rating to a “neutral” rating and upped their price objective for the stock from $80.00 to $83.00 in a research report on Friday, May 12th. They noted that the move was a valuation call. Five equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $81.50.

Shares of Bright Horizons Family Solutions (NYSE:BFAM) traded up 0.54% during trading on Thursday, reaching $78.91. 216,563 shares of the company’s stock traded hands. The company has a 50 day moving average price of $77.85 and a 200-day moving average price of $73.96. The stock has a market cap of $4.72 billion, a P/E ratio of 42.20 and a beta of 0.12. Bright Horizons Family Solutions has a one year low of $59.00 and a one year high of $81.23.

Bright Horizons Family Solutions (NYSE:BFAM) last issued its quarterly earnings results on Tuesday, August 1st. The company reported $0.70 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.67 by $0.03. Bright Horizons Family Solutions had a net margin of 6.91% and a return on equity of 19.32%. The company had revenue of $445.55 million for the quarter, compared to the consensus estimate of $443.90 million. During the same quarter in the prior year, the company earned $0.61 EPS. Bright Horizons Family Solutions’s quarterly revenue was up 10.8% on a year-over-year basis. On average, equities research analysts expect that Bright Horizons Family Solutions will post $2.64 EPS for the current fiscal year.

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In other news, CAO Mandy Berman sold 3,699 shares of the stock in a transaction that occurred on Thursday, June 15th. The stock was sold at an average price of $75.94, for a total transaction of $280,902.06. Following the transaction, the chief accounting officer now owns 16,125 shares in the company, valued at approximately $1,224,532.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Stephen I. Dreier sold 4,153 shares of the stock in a transaction that occurred on Friday, May 5th. The shares were sold at an average price of $77.50, for a total value of $321,857.50. Following the transaction, the executive vice president now owns 79,691 shares in the company, valued at approximately $6,176,052.50. The disclosure for this sale can be found here. Insiders have sold a total of 4,199,547 shares of company stock worth $332,728,747 in the last quarter. Insiders own 2.90% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. raised its position in shares of Bright Horizons Family Solutions by 4.6% in the first quarter. Vanguard Group Inc. now owns 3,478,240 shares of the company’s stock worth $252,138,000 after buying an additional 153,726 shares during the period. BlackRock Inc. increased its position in Bright Horizons Family Solutions by 73,144.9% in the first quarter. BlackRock Inc. now owns 2,743,023 shares of the company’s stock valued at $198,843,000 after buying an additional 2,739,278 shares in the last quarter. Wells Fargo & Company MN increased its position in Bright Horizons Family Solutions by 11.3% in the first quarter. Wells Fargo & Company MN now owns 1,745,902 shares of the company’s stock valued at $126,561,000 after buying an additional 176,751 shares in the last quarter. Handelsbanken Fonder AB increased its position in Bright Horizons Family Solutions by 3.5% in the first quarter. Handelsbanken Fonder AB now owns 934,200 shares of the company’s stock valued at $67,720,000 after buying an additional 32,000 shares in the last quarter. Finally, Eagle Asset Management Inc. increased its position in Bright Horizons Family Solutions by 27.9% in the first quarter. Eagle Asset Management Inc. now owns 893,552 shares of the company’s stock valued at $64,773,000 after buying an additional 194,710 shares in the last quarter. Hedge funds and other institutional investors own 98.74% of the company’s stock.

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 as part of their employee benefits packages. Its segments include full service center-based care services, back-up dependent care services and other educational advisory services.

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

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