Bright Horizons Family Solutions (NYSE:BFAM)‘s stock had its “hold” rating reiterated by investment analysts at BMO Capital Markets in a report issued on Wednesday. They currently have a $98.00 target price on the stock. BMO Capital Markets’ price target indicates a potential upside of 2.42% from the company’s current price.

Several other analysts have also recently commented on BFAM. BidaskClub upgraded Bright Horizons Family Solutions from a “buy” rating to a “strong-buy” rating in a research report on Thursday, September 28th. Barclays raised their target price on Bright Horizons Family Solutions from $80.00 to $90.00 and gave the company an “overweight” rating in a research report on Monday, October 2nd. Zacks Investment Research lowered Bright Horizons Family Solutions from a “buy” rating to a “hold” rating in a research note on Tuesday, October 3rd. Credit Suisse Group increased their price target on Bright Horizons Family Solutions from $83.00 to $90.00 and gave the company a “neutral” rating in a research note on Thursday, November 2nd. Finally, Citigroup increased their price target on Bright Horizons Family Solutions from $92.00 to $100.00 and gave the company a “buy” rating in a research note on Friday, November 3rd. Six research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $97.13.

Bright Horizons Family Solutions (BFAM) traded up $0.10 on Wednesday, reaching $95.68. The company had a trading volume of 196,800 shares, compared to its average volume of 187,718. Bright Horizons Family Solutions has a 12-month low of $65.00 and a 12-month high of $96.43. The company has a current ratio of 0.49, a quick ratio of 0.49 and a debt-to-equity ratio of 1.35. The firm has a market cap of $5,669.34, a PE ratio of 47.60, a P/E/G ratio of 1.67 and a beta of 0.13.

Bright Horizons Family Solutions (NYSE:BFAM) last posted its earnings results on Wednesday, November 1st. The company reported $0.62 EPS for the quarter, beating the consensus estimate of $0.57 by $0.05. Bright Horizons Family Solutions had a return on equity of 19.72% and a net margin of 7.22%. The firm had revenue of $433.30 million for the quarter, compared to analysts’ expectations of $429.36 million. During the same period last year, the firm earned $0.49 EPS. The firm’s revenue was up 12.9% compared to the same quarter last year. equities analysts predict that Bright Horizons Family Solutions will post 2.5 EPS for the current fiscal year.

In other news, CEO Stephen Howard Kramer sold 2,962 shares of the firm’s stock in a transaction on Tuesday, January 16th. The stock was sold at an average price of $95.35, for a total transaction of $282,426.70. Following the completion of the sale, the chief executive officer now directly owns 110,323 shares of the company’s stock, valued at approximately $10,519,298.05. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Joshua Bekenstein sold 3,504,999 shares of the firm’s stock in a transaction on Tuesday, November 14th. The stock was sold at an average price of $87.26, for a total value of $305,846,212.74. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 3,606,677 shares of company stock valued at $314,883,291. 2.90% of the stock is currently owned by corporate insiders.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Schwab Charles Investment Management Inc. boosted its stake in shares of Bright Horizons Family Solutions by 11.4% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 290,698 shares of the company’s stock worth $27,326,000 after acquiring an additional 29,775 shares in the last quarter. Atlantic Trust Group LLC bought a new stake in shares of Bright Horizons Family Solutions during the 3rd quarter worth $59,732,000. Wolverine Trading LLC bought a new stake in shares of Bright Horizons Family Solutions during the 3rd quarter worth $340,000. DF Dent & Co. Inc. boosted its stake in shares of Bright Horizons Family Solutions by 171.7% during the 3rd quarter. DF Dent & Co. Inc. now owns 11,215 shares of the company’s stock worth $967,000 after acquiring an additional 7,088 shares in the last quarter. Finally, Neuberger Berman Group LLC boosted its stake in shares of Bright Horizons Family Solutions by 5.0% during the 3rd quarter. Neuberger Berman Group LLC now owns 1,211,305 shares of the company’s stock worth $104,427,000 after acquiring an additional 57,880 shares in the last quarter. 98.70% of the stock is owned by institutional investors and hedge funds.

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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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