Bright Horizons Family Solutions (BFAM) Price Target Raised to $107.00 at Citigroup

Bright Horizons Family Solutions (NYSE:BFAM) had its price target boosted by equities research analysts at Citigroup to $107.00 in a research note issued on Monday, The Fly reports. The brokerage currently has a “buy” rating on the stock. Citigroup’s target price would indicate a potential upside of 14.95% from the company’s previous close.

BFAM has been the topic of a number of other research reports. Credit Suisse Group raised their target price on shares of Bright Horizons Family Solutions from $90.00 to $98.00 and gave the stock a “neutral” rating in a research report on Friday. BMO Capital Markets restated a “hold” rating and set a $98.00 target price on shares of Bright Horizons Family Solutions in a research report on Wednesday, January 17th. Robert W. Baird restated a “hold” rating on shares of Bright Horizons Family Solutions in a research 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 target price on the stock in a research report on Tuesday, November 7th. Finally, Royal Bank of Canada restated a “buy” rating and set a $89.00 target price on shares of Bright Horizons Family Solutions in a research report on Wednesday, December 20th. Five investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $100.13.

Shares of Bright Horizons Family Solutions (BFAM) traded down $0.48 during midday trading on Monday, reaching $93.08. 402,706 shares of the company were exchanged, compared to its average volume of 207,237. Bright Horizons Family Solutions has a 1 year low of $67.57 and a 1 year high of $98.84. The firm has a market capitalization of $5,549.53, a price-to-earnings ratio of 35.94, a P/E/G ratio of 2.09 and a beta of 0.15. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.49 and a current ratio of 0.49.

Bright Horizons Family Solutions (NYSE:BFAM) last announced its earnings results on Thursday, February 8th. The company reported $0.73 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.69 by $0.04. Bright Horizons Family Solutions had a net margin of 9.02% and a return on equity of 20.75%. The firm had revenue of $440.00 million for the quarter, compared to analyst estimates of $438.99 million. During the same quarter last year, the business earned $0.56 earnings per share. Bright Horizons Family Solutions’s revenue was up 10.4% compared to the same quarter last year. analysts anticipate that Bright Horizons Family Solutions will post 2.99 EPS for the current fiscal year.

In other Bright Horizons Family Solutions news, Director Joshua Bekenstein sold 3,504,999 shares of Bright Horizons Family Solutions stock in a transaction on Tuesday, November 14th. The shares were sold at an average price of $87.26, for a total value of $305,846,212.74. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO David H. Lissy sold 79,112 shares of Bright Horizons Family Solutions stock in a transaction on Tuesday, November 14th. The shares were 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. In the last quarter, insiders sold 3,625,459 shares of company stock worth $316,702,790. 2.90% of the stock is owned by company insiders.

Hedge funds have recently modified their holdings of the company. American International Group Inc. purchased a new position in shares of Bright Horizons Family Solutions in the 4th quarter valued at $120,000. Zions Bancorporation purchased a new position in shares of Bright Horizons Family Solutions in the 3rd quarter valued at $170,000. Advisor Group Inc. raised its stake in shares of Bright Horizons Family Solutions by 213.6% in the 2nd quarter. Advisor Group Inc. now owns 1,988 shares of the company’s stock valued at $152,000 after acquiring an additional 1,354 shares during the period. Eagle Boston Investment Management Inc. purchased a new position in shares of Bright Horizons Family Solutions in the 4th quarter valued at $205,000. Finally, Keybank National Association OH purchased a new position in shares of Bright Horizons Family Solutions in the 3rd quarter valued at $221,000. 98.05% of the stock is currently owned by institutional investors and hedge funds.

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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.

The Fly

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

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