Bright Horizons Family Solutions (BFAM) Price Target Raised to $98.00 at Credit Suisse Group

Bright Horizons Family Solutions (NYSE:BFAM) had its price target upped by research analysts at Credit Suisse Group from $90.00 to $98.00 in a research report issued to clients and investors on Friday. The brokerage currently has a “neutral” rating on the stock. Credit Suisse Group’s target price would indicate a potential upside of 4.75% from the stock’s previous close.

Other analysts also recently issued research reports about the stock. Citigroup lifted their target price on shares of Bright Horizons Family Solutions from $92.00 to $100.00 and gave the company a “buy” rating in a report on Friday, November 3rd. Zacks Investment Research upgraded shares of Bright Horizons Family Solutions from a “hold” rating to a “buy” rating and set a $100.00 price objective for the company in a research note on Tuesday, November 7th. Barclays reiterated a “buy” rating and issued a $105.00 price objective on shares of Bright Horizons Family Solutions in a research note on Wednesday, December 27th. Royal Bank of Canada reiterated a “buy” rating and issued a $89.00 price objective on shares of Bright Horizons Family Solutions in a research note on Wednesday, December 20th. Finally, BMO Capital Markets reiterated a “hold” rating and issued a $98.00 price objective on shares of Bright Horizons Family Solutions in a research note on Wednesday, January 17th. Six analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $99.25.

Shares of Bright Horizons Family Solutions (NYSE BFAM) traded up $1.78 during trading hours on Friday, hitting $93.56. 456,902 shares of the stock traded hands, compared to its average volume of 181,494. The stock has a market capitalization of $5,443.94, a P/E ratio of 35.99, a price-to-earnings-growth ratio of 2.16 and a beta of 0.15. 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 has a 1-year low of $65.00 and a 1-year high of $98.84.

Bright Horizons Family Solutions (NYSE:BFAM) last issued its earnings results on Thursday, February 8th. The company reported $0.73 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.69 by $0.04. The business had revenue of $440.00 million for the quarter, compared to the consensus estimate of $438.99 million. Bright Horizons Family Solutions had a net margin of 9.02% and a return on equity of 20.75%. The business’s quarterly revenue was up 10.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.56 earnings per share. sell-side analysts forecast that Bright Horizons Family Solutions will post 2.83 earnings per share for the current fiscal year.

In other Bright Horizons Family Solutions news, COO Mary Lou Burke sold 1,100 shares of Bright Horizons Family Solutions stock in a transaction dated Friday, January 5th. The shares were sold at an average price of $94.48, for a total transaction of $103,928.00. Following the completion of the transaction, the chief operating officer now owns 31,161 shares in the company, valued at $2,944,091.28. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO David H. Lissy sold 79,112 shares of Bright Horizons Family Solutions stock in a transaction dated Tuesday, November 14th. The stock was sold at an average price of $87.26, for a total transaction of $6,903,313.12. The disclosure for this sale can be found here. Insiders sold 3,625,459 shares of company stock valued at $316,702,790 in 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 business. Atlantic Trust Group LLC acquired a new position in shares of Bright Horizons Family Solutions in the third quarter valued at approximately $59,732,000. JPMorgan Chase & Co. raised its position in shares of Bright Horizons Family Solutions by 44.8% in the third quarter. JPMorgan Chase & Co. now owns 1,002,318 shares of the company’s stock valued at $85,938,000 after buying an additional 310,160 shares during the last quarter. Chilton Investment Co. LLC acquired a new position in shares of Bright Horizons Family Solutions in the fourth quarter valued at approximately $16,686,000. Lord Abbett & CO. LLC acquired a new position in shares of Bright Horizons Family Solutions in the second quarter valued at approximately $11,999,000. Finally, Goldman Sachs Group Inc. raised its position in shares of Bright Horizons Family Solutions by 144.6% in the second quarter. Goldman Sachs Group Inc. now owns 240,099 shares of the company’s stock valued at $18,538,000 after buying an additional 141,933 shares during the last quarter. Institutional investors own 98.63% of the company’s stock.

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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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