Bright Horizons Family Solutions Inc. (NYSE:BFAM) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report issued on Friday. The firm presently has a $91.00 target price on the stock. Zacks Investment Research‘s price objective would indicate a potential upside of 12.40% from the stock’s current price.

According to Zacks, “Bright Horizons Family Solutions Inc. is engaged in providing employer-sponsored child care, early education and work/life solutions. Its employer-sponsored child care programs include child care and early education centers, infant/toddler/preschool care and education, full and part-time child care, kindergarten, school-age programs, summer camps and back-up care. Bright Horizons manages child care centers for corporations, hospitals, universities and government agencies The Company operates primarily in North America, Europe and India. Bright Horizons Family Solutions Inc. is based in Watertown, Massachusetts. “

Several other equities research analysts also recently weighed in on BFAM. BidaskClub raised Bright Horizons Family Solutions from a “hold” rating to a “buy” rating in a report on Thursday, August 10th. Royal Bank Of Canada reaffirmed a “buy” rating on shares of Bright Horizons Family Solutions in a report on Wednesday, August 9th. BMO Capital Markets reissued a “market perform” rating and issued a $85.00 target price (up previously from $83.00) on shares of Bright Horizons Family Solutions in a report on Thursday, August 3rd. Finally, Citigroup Inc. reissued a “buy” rating and issued a $92.00 target price (up previously from $90.00) on shares of Bright Horizons Family Solutions in a report on Thursday, August 3rd. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $84.17.

Bright Horizons Family Solutions (NYSE BFAM) traded down 0.41% during trading on Friday, hitting $80.96. 200,803 shares of the stock traded hands. The firm’s 50-day moving average is $79.57 and its 200-day moving average is $76.01. The stock has a market cap of $4.79 billion, a P/E ratio of 43.20 and a beta of 0.13. Bright Horizons Family Solutions has a 12 month low of $59.00 and a 12 month high of $82.00.

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 return on equity of 19.19% and a net margin of 6.91%. The firm had revenue of $445.55 million during the quarter, compared to the consensus estimate of $443.90 million. During the same period last year, the company earned $0.61 earnings per share. The company’s revenue for the quarter was up 10.8% on a year-over-year basis. On average, analysts forecast that Bright Horizons Family Solutions will post $2.64 EPS for the current year.

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In related news, CFO Elizabeth J. Boland sold 29,681 shares of Bright Horizons Family Solutions stock in a transaction dated Wednesday, September 6th. The stock was sold at an average price of $78.95, for a total transaction of $2,343,314.95. Following the completion of the sale, the chief financial officer now owns 141,491 shares in the company, valued at approximately $11,170,714.45. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, COO Mary Lou Burke sold 5,000 shares of Bright Horizons Family Solutions stock in a transaction dated Wednesday, July 5th. The stock was sold at an average price of $76.60, for a total value of $383,000.00. Following the sale, the chief operating officer now owns 36,266 shares of the company’s stock, valued at approximately $2,777,975.60. The disclosure for this sale can be found here. In the last 90 days, insiders sold 63,429 shares of company stock valued at $4,987,519. Company insiders own 2.90% of the company’s stock.

A number of institutional investors have recently bought and sold shares of the stock. Lord Abbett & CO. LLC purchased a new stake in Bright Horizons Family Solutions during the 2nd quarter worth about $11,999,000. Dynamic Technology Lab Private Ltd purchased a new stake in Bright Horizons Family Solutions during the 2nd quarter worth about $239,000. Public Employees Retirement System of Ohio increased its position in Bright Horizons Family Solutions by 78.2% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 51,737 shares of the company’s stock worth $3,995,000 after purchasing an additional 22,702 shares in the last quarter. 1st Global Advisors Inc. increased its position in Bright Horizons Family Solutions by 1.1% during the 2nd quarter. 1st Global Advisors Inc. now owns 7,187 shares of the company’s stock worth $555,000 after purchasing an additional 75 shares in the last quarter. Finally, Susquehanna International Group LLP increased its position in Bright Horizons Family Solutions by 366.3% during the 2nd quarter. Susquehanna International Group LLP now owns 142,194 shares of the company’s stock worth $10,979,000 after purchasing an additional 111,701 shares in the last quarter. Hedge funds and other institutional investors own 97.23% 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.

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

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