Shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM) have been assigned an average recommendation of “Buy” from the eight brokerages that are covering the company, Marketbeat reports. Three analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $86.20.

Several equities research analysts have recently commented on BFAM shares. Zacks Investment Research upgraded shares of Bright Horizons Family Solutions from a “hold” rating to a “buy” rating and set a $86.00 target price on the stock in a research note on Tuesday, June 20th. Citigroup Inc. started coverage on shares of Bright Horizons Family Solutions in a research note on Tuesday, July 18th. They issued a “buy” rating and a $90.00 target price on the stock. BidaskClub downgraded shares of Bright Horizons Family Solutions from a “buy” rating to a “hold” rating in a research note on Wednesday, July 12th. Finally, BMO Capital Markets restated 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 research note on Thursday, August 3rd.

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Bright Horizons Family Solutions (NYSE:BFAM) traded down 0.41% during mid-day trading on Friday, hitting $80.96. 200,803 shares of the company were exchanged. Bright Horizons Family Solutions has a 12-month low of $59.00 and a 12-month high of $82.00. The stock’s 50 day moving average is $79.63 and its 200-day moving average is $76.10. The company has a market cap of $4.79 billion, a price-to-earnings ratio of 43.20 and a beta of 0.13.

Bright Horizons Family Solutions (NYSE:BFAM) last issued its earnings results on Tuesday, August 1st. The company reported $0.70 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.67 by $0.03. Bright Horizons Family Solutions had a net margin of 6.91% and a return on equity of 19.19%. The company had revenue of $445.55 million for the quarter, compared to the consensus estimate of $443.90 million. During the same quarter in the previous year, the company earned $0.61 EPS. The firm’s revenue for the quarter was up 10.8% compared to the same quarter last year. Equities research analysts predict that Bright Horizons Family Solutions will post $2.64 EPS for the current year.

In related news, Director Mary Ann Tocio sold 6,666 shares of the company’s stock in a transaction dated Tuesday, July 11th. The shares were sold at an average price of $76.11, for a total transaction of $507,349.26. Following the transaction, the director now owns 67,284 shares in the company, valued at approximately $5,120,985.24. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, COO Mary Lou Burke sold 5,000 shares of the company’s stock in a transaction dated Wednesday, July 5th. The stock was sold at an average price of $76.60, for a total transaction of $383,000.00. Following the transaction, the chief operating officer now owns 36,266 shares in the company, valued at approximately $2,777,975.60. The disclosure for this sale can be found here. In the last quarter, insiders have sold 63,429 shares of company stock worth $4,987,519. 2.90% of the stock is owned by corporate insiders.

A number of large investors have recently made changes to their positions in the business. Lord Abbett & CO. LLC bought a new stake in Bright Horizons Family Solutions during the 2nd quarter worth about $11,999,000. Dynamic Technology Lab Private Ltd bought a new stake in Bright Horizons Family Solutions during the 2nd quarter worth about $239,000. Public Employees Retirement System of Ohio raised its holdings 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 during the last quarter. 1st Global Advisors Inc. raised its holdings 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 during the last quarter. Finally, Susquehanna International Group LLP raised its holdings 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 during the last quarter. 97.23% of the stock is owned by hedge funds and other institutional investors.

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.

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

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