Bright Horizons Family Solutions (NYSE:BFAM) Given New $122.00 Price Target at BMO Capital Markets

Bright Horizons Family Solutions (NYSE:BFAM) had its target price raised by analysts at BMO Capital Markets from $104.00 to $122.00 in a report released on Friday, Benzinga reports. The firm currently has a “market perform” rating on the stock. BMO Capital Markets’ target price would suggest a potential downside of 6.27% from the stock’s current price.

A number of other research firms have also recently weighed in on BFAM. JPMorgan Chase & Co. lifted their price objective on shares of Bright Horizons Family Solutions from $107.00 to $119.00 and gave the company an “overweight” rating in a report on Friday, May 3rd. The Goldman Sachs Group lifted their price target on Bright Horizons Family Solutions from $125.00 to $142.00 and gave the company a “buy” rating in a research note on Friday. Robert W. Baird raised their price objective on Bright Horizons Family Solutions from $115.00 to $131.00 and gave the company a “neutral” rating in a report on Friday. Finally, StockNews.com upgraded Bright Horizons Family Solutions from a “sell” rating to a “hold” rating in a research report on Friday, May 3rd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $115.00.

Bright Horizons Family Solutions Stock Performance

Bright Horizons Family Solutions stock traded up $11.73 during midday trading on Friday, hitting $130.16. 692,321 shares of the company were exchanged, compared to its average volume of 340,164. The business has a fifty day simple moving average of $110.43 and a two-hundred day simple moving average of $108.96. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.51 and a current ratio of 0.51. The firm has a market capitalization of $7.55 billion, a PE ratio of 91.66, a price-to-earnings-growth ratio of 4.51 and a beta of 1.45. Bright Horizons Family Solutions has a fifty-two week low of $71.65 and a fifty-two week high of $131.42.

Bright Horizons Family Solutions (NYSE:BFAM) last issued its quarterly earnings data on Thursday, May 2nd. The company reported $0.41 EPS for the quarter, topping analysts’ consensus estimates of $0.35 by $0.06. Bright Horizons Family Solutions had a net margin of 3.34% and a return on equity of 12.00%. The business had revenue of $622.71 million for the quarter, compared to analysts’ expectations of $614.60 million. On average, sell-side analysts forecast that Bright Horizons Family Solutions will post 2.76 earnings per share for the current year.

Insider Buying and Selling at Bright Horizons Family Solutions

In related news, COO Mary Lou Burke sold 800 shares of the business’s stock in a transaction that occurred on Monday, June 10th. The stock was sold at an average price of $106.42, for a total transaction of $85,136.00. Following the completion of the sale, the chief operating officer now directly owns 37,725 shares in the company, valued at $4,014,694.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Bright Horizons Family Solutions news, Director Lightfoot Sara Lawrence sold 4,597 shares of the firm’s stock in a transaction that occurred on Monday, June 10th. The shares were sold at an average price of $107.23, for a total value of $492,936.31. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, COO Mary Lou Burke sold 800 shares of the business’s stock in a transaction that occurred on Monday, June 10th. The stock was sold at an average price of $106.42, for a total value of $85,136.00. Following the transaction, the chief operating officer now owns 37,725 shares in the company, valued at $4,014,694.50. The disclosure for this sale can be found here. Insiders sold 28,447 shares of company stock valued at $3,186,710 over the last quarter. 1.22% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Bright Horizons Family Solutions

A number of institutional investors have recently added to or reduced their stakes in the stock. Riverview Trust Co acquired a new stake in shares of Bright Horizons Family Solutions in the 1st quarter worth $25,000. Principal Securities Inc. acquired a new stake in Bright Horizons Family Solutions during the fourth quarter worth about $38,000. Whittier Trust Co. of Nevada Inc. raised its stake in Bright Horizons Family Solutions by 850.0% during the second quarter. Whittier Trust Co. of Nevada Inc. now owns 342 shares of the company’s stock worth $38,000 after purchasing an additional 306 shares during the period. YHB Investment Advisors Inc. acquired a new position in Bright Horizons Family Solutions in the 1st quarter valued at about $40,000. Finally, Eagle Bay Advisors LLC grew its stake in shares of Bright Horizons Family Solutions by 120.2% in the 4th quarter. Eagle Bay Advisors LLC now owns 1,240 shares of the company’s stock valued at $117,000 after buying an additional 677 shares during the period.

Bright Horizons Family Solutions Company Profile

Bright Horizons Family Solutions Inc provides early education and childcare, back-up care, educational advisory, and other workplace solutions services for employers and families in the United States, Puerto Rico, the United Kingdom, the Netherlands, Australia, and India. The company operates in three segments: Full Service Center-Based Child Care, Back-Up Care, and Educational Advisory and Other Services.