Bright Horizons Family Solutions Inc. (NYSE:BFAM) had its price target lifted by research analysts at Citigroup Inc. from $92.00 to $100.00 in a report issued on Friday. The brokerage currently has a “buy” rating on the stock. Citigroup Inc.’s price target suggests a potential upside of 12.22% from the company’s previous close.

Several other brokerages also recently commented on BFAM. Credit Suisse Group lifted their target price on shares of Bright Horizons Family Solutions from $83.00 to $90.00 and gave the stock a “neutral” rating in a research note on Thursday. Zacks Investment Research raised shares of Bright Horizons Family Solutions from a “hold” rating to a “buy” rating and set a $88.00 target price on the stock in a research note on Friday, August 4th. BidaskClub downgraded shares of Bright Horizons Family Solutions from a “buy” rating to a “hold” rating in a research note on Wednesday, July 12th. BMO Capital Markets reaffirmed a “hold” rating on shares of Bright Horizons Family Solutions in a research note on Wednesday, October 25th. Finally, Royal Bank Of Canada reaffirmed a “buy” rating on shares of Bright Horizons Family Solutions in a research note on Wednesday, August 9th. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $89.17.

Bright Horizons Family Solutions (BFAM) traded up $0.44 during midday trading on Friday, reaching $89.11. The company’s stock had a trading volume of 192,719 shares, compared to its average volume of 176,903. The company has a debt-to-equity ratio of 1.46, a current ratio of 0.42 and a quick ratio of 0.42. The firm has a market capitalization of $5,270.00, a price-to-earnings ratio of 37.44, a P/E/G ratio of 1.79 and a beta of 0.13. Bright Horizons Family Solutions has a one year low of $62.54 and a one year high of $93.13.

Bright Horizons Family Solutions (NYSE:BFAM) last released its quarterly earnings data on Wednesday, November 1st. The company reported $0.62 EPS for the quarter, beating analysts’ consensus estimates of $0.57 by $0.05. Bright Horizons Family Solutions had a net margin of 7.22% and a return on equity of 20.16%. The company had revenue of $433.30 million during the quarter, compared to analyst estimates of $429.36 million. During the same period last year, the business earned $0.49 earnings per share. Bright Horizons Family Solutions’s revenue was up 12.9% compared to the same quarter last year. equities research analysts predict that Bright Horizons Family Solutions will post 2.5 earnings per share for the current fiscal year.

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In other news, Director Mary Ann Tocio sold 6,666 shares of the business’s stock in a transaction on Tuesday, August 8th. The shares were sold at an average price of $79.11, for a total transaction of $527,347.26. Following the sale, the director now owns 67,284 shares in the company, valued at approximately $5,322,837.24. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Elizabeth J. Boland sold 19,681 shares of the business’s stock in a transaction on Tuesday, October 17th. The shares were sold at an average price of $85.16, for a total transaction of $1,676,033.96. Following the sale, the chief financial officer now owns 152,977 shares in the company, valued at approximately $13,027,521.32. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 80,444 shares of company stock worth $6,516,524. Company insiders own 2.90% of the company’s stock.

A number of institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its stake in Bright Horizons Family Solutions by 11.8% in the 2nd quarter. Vanguard Group Inc. now owns 3,888,575 shares of the company’s stock worth $300,237,000 after purchasing an additional 410,335 shares in the last quarter. BlackRock Inc. raised its position in Bright Horizons Family Solutions by 73,144.9% in the 1st quarter. BlackRock Inc. now owns 2,743,023 shares of the company’s stock worth $198,843,000 after buying an additional 2,739,278 shares during the last quarter. Alliancebernstein L.P. raised its position in Bright Horizons Family Solutions by 8.7% in the 2nd quarter. Alliancebernstein L.P. now owns 2,008,801 shares of the company’s stock worth $155,100,000 after buying an additional 161,469 shares during the last quarter. Neuberger Berman Group LLC raised its position in Bright Horizons Family Solutions by 108.4% in the 2nd quarter. Neuberger Berman Group LLC now owns 1,153,425 shares of the company’s stock worth $89,056,000 after buying an additional 599,907 shares during the last quarter. Finally, State Street Corp raised its position in Bright Horizons Family Solutions by 3.2% in the 1st quarter. State Street Corp now owns 840,444 shares of the company’s stock worth $60,918,000 after buying an additional 25,721 shares during the last quarter. Institutional investors own 97.25% of the company’s stock.

About Bright Horizons Family Solutions

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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