Bright Horizons Family Solutions Inc. (NYSE:BFAM)‘s stock had its “hold” rating reissued by stock analysts at BMO Capital Markets in a research report issued on Wednesday.

Several other analysts have also commented on BFAM. BidaskClub lowered shares of 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 shares of Bright Horizons Family Solutions from a “buy” rating to a “hold” rating in a research report on Wednesday, July 5th. Citigroup Inc. initiated coverage on shares of Bright Horizons Family Solutions in a research report on Tuesday, July 18th. They issued a “buy” rating and a $90.00 price objective on the stock. Finally, Royal Bank Of Canada reaffirmed a “buy” rating on shares of Bright Horizons Family Solutions in a research report on Wednesday, August 9th. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $85.83.

Shares of Bright Horizons Family Solutions (NYSE BFAM) traded down 0.59% on Wednesday, reaching $85.96. 132,382 shares of the company were exchanged. The firm has a market capitalization of $5.09 billion, a PE ratio of 45.87 and a beta of 0.14. The company’s 50 day moving average is $83.54 and its 200 day moving average is $79.06. Bright Horizons Family Solutions has a 12-month low of $59.00 and a 12-month high of $88.13.

Bright Horizons Family Solutions (NYSE:BFAM) last announced its quarterly earnings data on Tuesday, August 1st. The company reported $0.70 EPS for the quarter, topping the consensus estimate of $0.67 by $0.03. The business had revenue of $445.55 million for the quarter, compared to analyst estimates of $443.90 million. Bright Horizons Family Solutions had a net margin of 6.91% and a return on equity of 19.19%. The company’s revenue for the quarter was up 10.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.61 earnings per share. Analysts forecast that Bright Horizons Family Solutions will post $2.64 earnings per share for the current year.

TRADEMARK VIOLATION NOTICE: “Bright Horizons Family Solutions Inc. (BFAM) Rating Reiterated by BMO Capital Markets” was originally reported by American Banking News and is the property of of American Banking News. If you are viewing this report on another website, it was copied illegally and republished in violation of international trademark and copyright laws. The legal version of this report can be read at https://www.americanbankingnews.com/2017/10/25/bright-horizons-family-solutions-inc-bfam-rating-reiterated-by-bmo-capital-markets.html.

In other news, COO Mary Lou Burke sold 750 shares of Bright Horizons Family Solutions stock in a transaction dated Tuesday, September 5th. The shares were sold at an average price of $79.85, for a total value of $59,887.50. Following the completion of the transaction, the chief operating officer now owns 32,016 shares in the company, valued at $2,556,477.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Elizabeth J. Boland sold 19,681 shares of Bright Horizons Family Solutions stock in a transaction dated Tuesday, October 17th. The stock was sold at an average price of $85.16, for a total transaction of $1,676,033.96. Following the completion of the transaction, the chief financial officer now owns 152,977 shares of the company’s stock, valued at approximately $13,027,521.32. The disclosure for this sale can be found here. Insiders sold 80,444 shares of company stock valued at $6,516,524 in the last quarter. Corporate insiders own 2.90% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of the company. 1st Global Advisors Inc. increased its stake in shares of Bright Horizons Family Solutions by 1.1% in the second 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. Argent Capital Management LLC increased its stake in shares of Bright Horizons Family Solutions by 2.5% in the second quarter. Argent Capital Management LLC now owns 6,250 shares of the company’s stock worth $483,000 after purchasing an additional 150 shares in the last quarter. Stephens Inc. AR increased its stake in shares of Bright Horizons Family Solutions by 5.2% in the second quarter. Stephens Inc. AR now owns 4,561 shares of the company’s stock worth $352,000 after purchasing an additional 225 shares in the last quarter. Teacher Retirement System of Texas increased its stake in shares of Bright Horizons Family Solutions by 6.9% in the second quarter. Teacher Retirement System of Texas now owns 3,801 shares of the company’s stock worth $293,000 after purchasing an additional 247 shares in the last quarter. Finally, HighTower Advisors LLC increased its stake in shares of Bright Horizons Family Solutions by 8.6% in the second quarter. HighTower Advisors LLC now owns 3,736 shares of the company’s stock worth $289,000 after purchasing an additional 295 shares in the last quarter. Hedge funds and other institutional investors own 97.19% 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)

Receive News & Ratings for Bright Horizons Family Solutions Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bright Horizons Family Solutions Inc. and related companies with MarketBeat.com's FREE daily email newsletter.