Bright Horizons Family Solutions (NYSE:BFAM) had its price target hoisted by Royal Bank of Canada to $98.00 in a report published on Friday morning, The Fly reports. They currently have an outperform rating on the stock. The analysts noted that the move was a valuation call.

A number of other equities research analysts also recently commented on the company. Zacks Investment Research downgraded Bright Horizons Family Solutions from a buy rating to a hold rating in a research report on Friday, December 8th. Credit Suisse Group lifted their price objective on Bright Horizons Family Solutions from $83.00 to $90.00 and gave the company a neutral rating in a research report on Thursday, November 2nd. Barclays reaffirmed a buy rating and issued a $105.00 price objective on shares of Bright Horizons Family Solutions in a research report on Wednesday, December 27th. BMO Capital Markets lifted their price objective on Bright Horizons Family Solutions from $85.00 to $90.00 and gave the company a market perform rating in a research report on Thursday, November 2nd. Finally, Citigroup lifted their price objective on Bright Horizons Family Solutions from $92.00 to $100.00 and gave the company a buy rating in a research report on Friday, November 3rd. Six investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock currently has a consensus rating of Hold and a consensus price target of $98.25.

Bright Horizons Family Solutions (NYSE:BFAM) opened at $97.57 on Friday. The firm has a market capitalization of $5,783.82, a price-to-earnings ratio of 48.54, a PEG ratio of 2.27 and a beta of 0.13. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.49 and a quick ratio of 0.49. Bright Horizons Family Solutions has a 1-year low of $65.00 and a 1-year high of $98.22.

Bright Horizons Family Solutions (NYSE:BFAM) last announced its quarterly earnings data on Wednesday, November 1st. The company reported $0.62 EPS for the quarter, beating the Zacks’ consensus estimate of $0.57 by $0.05. The business had revenue of $433.30 million during the quarter, compared to the consensus estimate of $429.36 million. Bright Horizons Family Solutions had a return on equity of 19.72% and a net margin of 7.22%. The business’s revenue for the quarter was up 12.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.49 earnings per share. equities research analysts anticipate that Bright Horizons Family Solutions will post 2.5 EPS for the current year.

In other Bright Horizons Family Solutions news, EVP Stephen I. Dreier sold 2,798 shares of the business’s stock in a transaction dated Friday, January 19th. The stock was sold at an average price of $97.00, for a total transaction of $271,406.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Stephen I. Dreier sold 1,141 shares of the business’s stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $94.00, for a total value of $107,254.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 3,609,475 shares of company stock valued at $315,154,697. 2.90% of the stock is owned by company insiders.

A number of hedge funds have recently bought and sold shares of the business. 1st Global Advisors Inc. grew its position in Bright Horizons Family Solutions by 1.1% during the second quarter. 1st Global Advisors Inc. now owns 7,187 shares of the company’s stock valued at $555,000 after acquiring an additional 75 shares during the period. Argent Capital Management LLC boosted its position in shares of Bright Horizons Family Solutions by 2.5% in the second quarter. Argent Capital Management LLC now owns 6,250 shares of the company’s stock worth $483,000 after buying an additional 150 shares during the period. Stephens Inc. AR boosted its position in shares of Bright Horizons Family Solutions by 5.2% in the second quarter. Stephens Inc. AR now owns 4,561 shares of the company’s stock worth $352,000 after buying an additional 225 shares during the period. HighTower Advisors LLC boosted its position in shares of Bright Horizons Family Solutions by 8.6% in the second quarter. HighTower Advisors LLC now owns 3,736 shares of the company’s stock worth $289,000 after buying an additional 295 shares during the period. Finally, Parametric Portfolio Associates LLC boosted its position in shares of Bright Horizons Family Solutions by 0.6% in the second quarter. Parametric Portfolio Associates LLC now owns 102,173 shares of the company’s stock worth $7,889,000 after buying an additional 631 shares during the period. 98.65% of the stock is owned by hedge funds and other institutional investors.

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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 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.

The Fly

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

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