Bright Horizons Family Solutions Inc. (NYSE:BFAM) had its target price lifted by research analysts at BMO Capital Markets to $90.00 in a research note issued on Thursday, The Fly reports. The brokerage currently has a “market perform” rating on the stock. BMO Capital Markets’ price target suggests a potential upside of 4.29% from the company’s previous close.

Several other equities research analysts have also recently weighed in on BFAM. Zacks Investment Research cut Bright Horizons Family Solutions from a “buy” rating to a “hold” rating in a research note on Wednesday, July 5th. BidaskClub cut Bright Horizons Family Solutions from a “buy” rating to a “hold” rating in a research note on Wednesday, July 12th. Citigroup Inc. started coverage on Bright Horizons Family Solutions in a research note on Tuesday, July 18th. They issued a “buy” rating and a $90.00 price target for the company. Finally, Royal Bank Of Canada reissued a “buy” rating on shares of Bright Horizons Family Solutions in a research note on Wednesday, August 9th. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Bright Horizons Family Solutions presently has a consensus rating of “Buy” and a consensus price target of $86.67.

Bright Horizons Family Solutions (NYSE:BFAM) last issued its quarterly earnings results on Wednesday, November 1st. The company reported $0.62 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.05. The company had revenue of $433.30 million during the quarter, compared to analysts’ expectations of $429.36 million. Bright Horizons Family Solutions had a return on equity of 19.19% and a net margin of 6.91%. The business’s quarterly revenue was up 12.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.49 earnings per share.

COPYRIGHT VIOLATION NOTICE: “Bright Horizons Family Solutions Inc. (BFAM) Given New $90.00 Price Target at BMO Capital Markets” was posted by American Banking News and is owned by of American Banking News. If you are reading this article on another website, it was illegally copied and republished in violation of international trademark and copyright laws. The original version of this article can be read at https://www.americanbankingnews.com/2017/11/02/bright-horizons-family-solutions-inc-bfam-given-new-90-00-price-target-at-bmo-capital-markets.html.

In related news, COO Mary Lou Burke sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $78.56, for a total transaction of $392,800.00. Following the completion of the sale, the chief operating officer now owns 32,354 shares of the company’s stock, valued at $2,541,730.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Elizabeth J. Boland sold 19,681 shares of the firm’s stock in a transaction that occurred on Tuesday, October 17th. The stock was sold at an average price of $85.16, for a total value of $1,676,033.96. Following the sale, the chief financial officer now directly 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 have sold 80,444 shares of company stock valued at $6,516,524 in the last ninety days. 2.90% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Acrospire Investment Management LLC boosted its holdings in Bright Horizons Family Solutions by 250.0% in the second quarter. Acrospire Investment Management LLC now owns 1,400 shares of the company’s stock worth $108,000 after acquiring an additional 1,000 shares in the last quarter. Public Employees Retirement Association of Colorado bought a new position in Bright Horizons Family Solutions in the second quarter worth approximately $123,000. Advisor Group Inc. boosted its holdings in Bright Horizons Family Solutions by 213.6% in the second quarter. Advisor Group Inc. now owns 1,988 shares of the company’s stock worth $152,000 after acquiring an additional 1,354 shares in the last quarter. Connable Office Inc. bought a new position in Bright Horizons Family Solutions in the second quarter worth approximately $208,000. Finally, Comerica Bank bought a new position in Bright Horizons Family Solutions in the second quarter worth approximately $230,000. 97.25% of the stock is owned by institutional investors and hedge funds.

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.

The Fly

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.