Bright Horizons Family Solutions Inc. (NYSE:BFAM)‘s stock had its “buy” rating reiterated by equities research analysts at Barclays PLC in a report released on Wednesday. They currently have a $80.00 target price on the stock. Barclays PLC’s target price indicates a potential upside of 12.23% from the company’s previous close.

Other analysts also recently issued reports about the stock. Zacks Investment Research raised shares of Bright Horizons Family Solutions from a “sell” rating to a “hold” rating in a report on Thursday, December 22nd. BMO Capital Markets reissued a “hold” rating on shares of Bright Horizons Family Solutions in a 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 report on Wednesday, November 2nd. Finally, Credit Suisse Group reissued a “buy” rating and set a $74.00 price target on shares of Bright Horizons Family Solutions in a report on Friday, September 16th. Four equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Bright Horizons Family Solutions has a consensus rating of “Buy” and a consensus price target of $74.14.

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

Shares of Bright Horizons Family Solutions (NYSE:BFAM) traded down 0.10% during mid-day trading on Wednesday, reaching $71.21. 168,993 shares of the company’s stock were exchanged. The company’s 50 day moving average is $69.81 and its 200 day moving average is $67.76. The stock has a market capitalization of $4.24 billion, a PE ratio of 43.08 and a beta of 0.17. Bright Horizons Family Solutions has a 1-year low of $59.00 and a 1-year high of $72.80.

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Bright Horizons Family Solutions (NYSE:BFAM) last issued its quarterly earnings results on Tuesday, November 1st. The company reported $0.49 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.50 by $0.01. Bright Horizons Family Solutions had a net margin of 6.58% and a return on equity of 16.87%. The company had revenue of $383.90 million for the quarter, compared to analyst estimates of $387.82 million. During the same quarter in the previous year, the company posted $0.43 EPS. The company’s revenue for the quarter was up 4.9% compared to the same quarter last year. Equities research analysts anticipate that Bright Horizons Family Solutions will post $2.16 EPS for the current fiscal year.

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In other news, CAO Mandy Berman sold 2,250 shares of the stock in a transaction dated Monday, October 17th. The shares were sold at an average price of $65.00, for a total value of $146,250.00. Following the completion of the sale, the chief accounting officer now directly owns 41,705 shares in the company, valued at $2,710,825. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, President Stephen Howard Kramer sold 6,666 shares of the stock in a transaction dated Thursday, October 20th. The shares were sold at an average price of $65.96, for a total transaction of $439,689.36. The disclosure for this sale can be found here. Company insiders own 4.00% of the company’s stock.

Several large investors have recently modified their holdings of BFAM. D.A. Davidson & CO. boosted its stake in shares of Bright Horizons Family Solutions by 12.6% in the third quarter. D.A. Davidson & CO. now owns 5,829 shares of the company’s stock worth $387,000 after buying an additional 651 shares during the period. Eaton Vance Management acquired a new stake in shares of Bright Horizons Family Solutions during the third quarter worth approximately $2,901,000. D. E. Shaw & Co. Inc. acquired a new stake in shares of Bright Horizons Family Solutions during the third quarter worth approximately $335,000. The Manufacturers Life Insurance Company acquired a new stake in shares of Bright Horizons Family Solutions during the third quarter worth approximately $1,994,000. Finally, Two Sigma Advisers LP boosted its stake in shares of Bright Horizons Family Solutions by 13.7% in the third quarter. Two Sigma Advisers LP now owns 54,100 shares of the company’s stock worth $3,619,000 after buying an additional 6,500 shares during the period. Institutional investors and hedge funds own 99.57% 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. 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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