Bright Horizons Family Solutions (BFAM) PT Raised to $98.00

Bright Horizons Family Solutions (NYSE:BFAM) had its price target hoisted by Royal Bank of Canada to $98.00 in a research report issued to clients and investors on Friday, The Fly reports. The firm presently has an “outperform” rating on the stock. Royal Bank of Canada’s price target suggests a potential upside of 1.89% from the stock’s previous close. The analysts noted that the move was a valuation call.

A number of other equities research analysts have also recently commented on BFAM. BMO Capital Markets reaffirmed a “hold” rating and issued a $98.00 target price on shares of Bright Horizons Family Solutions in a report on Wednesday. Barclays upped their target price on shares of Bright Horizons Family Solutions from $80.00 to $90.00 and gave the company an “overweight” rating in a report on Monday, October 2nd. BidaskClub raised shares of Bright Horizons Family Solutions from a “buy” rating to a “strong-buy” rating in a report on Thursday, September 28th. Robert W. Baird reaffirmed a “hold” rating and issued a $100.00 target price on shares of Bright Horizons Family Solutions in a report on Tuesday, January 9th. Finally, Zacks Investment Research cut shares of Bright Horizons Family Solutions from a “buy” rating to a “hold” rating in a report on Tuesday, October 3rd. Six investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $98.25.

Shares of Bright Horizons Family Solutions (NYSE:BFAM) traded up $0.50 on Friday, reaching $96.18. 164,700 shares of the company were exchanged, compared to its average volume of 185,800. Bright Horizons Family Solutions has a 52-week low of $65.00 and a 52-week high of $96.46. The stock has a market capitalization of $5,675.27, a PE ratio of 47.85, a PEG ratio of 1.67 and a beta of 0.13. The company has a current ratio of 0.49, a quick ratio of 0.49 and a debt-to-equity ratio of 1.35.

Bright Horizons Family Solutions (NYSE:BFAM) last announced its quarterly earnings results on Wednesday, November 1st. The company reported $0.62 earnings per share 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 19.72%. The firm had revenue of $433.30 million during the quarter, compared to analysts’ expectations of $429.36 million. During the same period in the previous year, the company earned $0.49 earnings per share. Bright Horizons Family Solutions’s quarterly revenue was up 12.9% compared to the same quarter last year. analysts anticipate that Bright Horizons Family Solutions will post 2.5 earnings per share for the current fiscal year.

In other news, CEO David H. Lissy sold 79,112 shares of the stock in a transaction that occurred on Tuesday, November 14th. The shares were sold at an average price of $87.26, for a total value of $6,903,313.12. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Stephen I. Dreier sold 1,141 shares of the stock in a transaction that occurred on Tuesday, January 2nd. The shares were sold at an average price of $94.00, for a total transaction of $107,254.00. The disclosure for this sale can be found here. Insiders sold 3,606,677 shares of company stock worth $314,883,291 over the last quarter. Company insiders own 2.90% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Advisor Group Inc. lifted its stake in shares of Bright Horizons Family Solutions by 213.6% during the second quarter. Advisor Group Inc. now owns 1,988 shares of the company’s stock valued at $152,000 after buying an additional 1,354 shares during the period. Zions Bancorporation purchased a new position in shares of Bright Horizons Family Solutions during the third quarter valued at approximately $170,000. Keybank National Association OH purchased a new position in shares of Bright Horizons Family Solutions during the third quarter valued at approximately $221,000. Comerica Bank purchased a new position in shares of Bright Horizons Family Solutions during the second quarter valued at approximately $230,000. Finally, Private Advisor Group LLC purchased a new position in shares of Bright Horizons Family Solutions during the third quarter valued at approximately $237,000. 98.70% of the stock is currently 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.

The Fly

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