Shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM) have earned a consensus rating of “Buy” from the eight ratings firms that are currently covering the firm, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12-month price target among brokers that have covered the stock in the last year is $87.50.

Several equities research analysts recently weighed in on BFAM shares. BidaskClub lowered Bright Horizons Family Solutions from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, June 27th. Zacks Investment Research lowered Bright Horizons Family Solutions from a “buy” rating to a “hold” rating in a research report on Wednesday, July 5th. Citigroup Inc. started coverage on Bright Horizons Family Solutions in a research report on Tuesday, July 18th. They set a “buy” rating and a $90.00 price target on the stock. BMO Capital Markets restated a “market perform” rating and set a $85.00 price target (up from $83.00) on shares of Bright Horizons Family Solutions in a research report on Thursday, August 3rd. Finally, Royal Bank Of Canada restated a “buy” rating on shares of Bright Horizons Family Solutions in a research report on Wednesday, August 9th.

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Shares of Bright Horizons Family Solutions (NYSE BFAM) traded down 0.23% during trading on Wednesday, hitting $85.29. The stock had a trading volume of 75,145 shares. The stock has a market capitalization of $5.05 billion, a price-to-earnings ratio of 45.51 and a beta of 0.14. Bright Horizons Family Solutions has a 52 week low of $59.00 and a 52 week high of $88.13. The firm has a 50 day moving average price of $82.01 and a 200-day moving average price of $78.03.

Bright Horizons Family Solutions (NYSE:BFAM) last released its quarterly earnings results on Tuesday, August 1st. The company reported $0.70 earnings per share for the quarter, beating 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 company had revenue of $445.55 million for the quarter, compared to analyst estimates of $443.90 million. During the same period in the previous year, the company posted $0.61 earnings per share. The firm’s revenue was up 10.8% on a year-over-year basis. On average, equities research analysts forecast that Bright Horizons Family Solutions will post $2.64 EPS for the current fiscal year.

In other Bright Horizons Family Solutions news, Director Mary Ann Tocio sold 6,666 shares of Bright Horizons Family Solutions stock in a transaction on Tuesday, August 8th. The stock was sold at an average price of $79.11, for a total transaction of $527,347.26. Following the completion of the transaction, the director now owns 67,284 shares in the company, valued at $5,322,837.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Mary Lou Burke sold 1,000 shares of Bright Horizons Family Solutions stock in a transaction on Wednesday, July 19th. The shares were sold at an average price of $79.98, for a total value of $79,980.00. Following the transaction, the chief operating officer now owns 32,266 shares of the company’s stock, valued at approximately $2,580,634.68. The disclosure for this sale can be found here. Insiders have sold 61,763 shares of company stock worth $4,920,470 over the last 90 days. 2.90% of the stock is currently owned by corporate insiders.

A number of large investors have recently made changes to their positions in BFAM. BNP Paribas Arbitrage SA raised its stake in Bright Horizons Family Solutions by 83.5% during the first quarter. BNP Paribas Arbitrage SA now owns 2,621 shares of the company’s stock valued at $190,000 after buying an additional 1,193 shares during the last quarter. UBS Asset Management Americas Inc. raised its stake in Bright Horizons Family Solutions by 33.1% during the first quarter. UBS Asset Management Americas Inc. now owns 20,567 shares of the company’s stock valued at $1,491,000 after buying an additional 5,110 shares during the last quarter. Karp Capital Management Corp purchased a new position in Bright Horizons Family Solutions during the first quarter valued at $332,000. Ameriprise Financial Inc. raised its stake in Bright Horizons Family Solutions by 9.3% during the first quarter. Ameriprise Financial Inc. now owns 40,076 shares of the company’s stock valued at $2,905,000 after buying an additional 3,422 shares during the last quarter. Finally, American International Group Inc. raised its stake in Bright Horizons Family Solutions by 5.4% during the first quarter. American International Group Inc. now owns 26,618 shares of the company’s stock valued at $1,930,000 after buying an additional 1,356 shares during the last quarter. Institutional investors and hedge funds own 97.08% 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.

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

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