Bright Horizons Family Solutions (NYSE:BFAM) Price Target Raised to $162.00

Bright Horizons Family Solutions (NYSE:BFAM) had its price objective increased by equities researchers at The Goldman Sachs Group from $142.00 to $162.00 in a research note issued to investors on Tuesday, Benzinga reports. The firm presently has a “buy” rating on the stock. The Goldman Sachs Group’s price objective points to a potential upside of 36.05% from the company’s current price.

BFAM has been the topic of several other research reports. Robert W. Baird raised their target price on shares of Bright Horizons Family Solutions from $131.00 to $140.00 and gave the company a “neutral” rating in a research note on Tuesday. BMO Capital Markets lifted their price objective on shares of Bright Horizons Family Solutions from $104.00 to $122.00 and gave the stock a “market perform” rating in a research note on Friday, August 2nd. UBS Group boosted their price objective on shares of Bright Horizons Family Solutions from $128.00 to $145.00 and gave the company a “neutral” rating in a research report on Tuesday, October 8th. Barclays boosted their price objective on shares of Bright Horizons Family Solutions from $125.00 to $160.00 and gave the company an “overweight” rating in a research report on Friday, August 30th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Bright Horizons Family Solutions from $137.00 to $149.00 and gave the company an “overweight” rating in a research report on Tuesday. One analyst has rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, Bright Horizons Family Solutions currently has an average rating of “Hold” and a consensus target price of $140.75.

Bright Horizons Family Solutions Stock Performance

NYSE:BFAM traded down $13.76 during mid-day trading on Tuesday, hitting $119.07. The stock had a trading volume of 383,139 shares, compared to its average volume of 355,054. The stock has a market capitalization of $6.91 billion, a price-to-earnings ratio of 68.43 and a beta of 1.49. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 0.73. The company has a 50 day simple moving average of $136.30 and a 200-day simple moving average of $122.20. Bright Horizons Family Solutions has a 52 week low of $80.29 and a 52 week high of $141.90.

Insiders Place Their Bets

In other Bright Horizons Family Solutions news, COO Mary Lou Burke sold 800 shares of the stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $140.65, for a total transaction of $112,520.00. Following the sale, the chief operating officer now owns 31,825 shares of the company’s stock, valued at $4,476,186.25. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Director Mary Ann Tocio sold 2,500 shares of the firm’s stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $130.93, for a total transaction of $327,325.00. Following the completion of the transaction, the director now directly owns 30,257 shares of the company’s stock, valued at $3,961,549.01. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Mary Lou Burke sold 800 shares of the firm’s stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $140.65, for a total transaction of $112,520.00. Following the completion of the transaction, the chief operating officer now directly owns 31,825 shares of the company’s stock, valued at $4,476,186.25. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 4,100 shares of company stock valued at $549,397 in the last 90 days. 1.22% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Bright Horizons Family Solutions

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Raleigh Capital Management Inc. bought a new position in Bright Horizons Family Solutions during the third quarter worth $29,000. V Square Quantitative Management LLC acquired a new position in Bright Horizons Family Solutions in the third quarter valued at about $35,000. Whittier Trust Co. of Nevada Inc. raised its stake in Bright Horizons Family Solutions by 850.0% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 342 shares of the company’s stock valued at $38,000 after purchasing an additional 306 shares in the last quarter. Daiwa Securities Group Inc. raised its stake in Bright Horizons Family Solutions by 73.3% during the second quarter. Daiwa Securities Group Inc. now owns 390 shares of the company’s stock worth $43,000 after acquiring an additional 165 shares in the last quarter. Finally, Quarry LP raised its stake in Bright Horizons Family Solutions by 68.3% during the second quarter. Quarry LP now owns 436 shares of the company’s stock worth $48,000 after acquiring an additional 177 shares in the last quarter.

About Bright Horizons Family Solutions

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.