Credit Suisse Group AG reissued their buy rating on shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM) in a research report report published on Friday morning. The brokerage currently has a $74.00 target price on the stock.

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

A number of other research firms also recently issued reports on BFAM. Zacks Investment Research raised shares of Bright Horizons Family Solutions from a sell rating to a hold rating in a report on Monday, August 8th. Jefferies Group raised shares of Bright Horizons Family Solutions from a neutral rating to an overweight rating and set a $76.00 price objective on the stock in a report on Monday, August 15th. Finally, JPMorgan Chase & Co. raised shares of Bright Horizons Family Solutions from a neutral rating to an overweight rating and lifted their price objective for the stock from $70.00 to $76.00 in a report on Monday, August 15th. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Bright Horizons Family Solutions has an average rating of Buy and an average price target of $73.43.

Shares of Bright Horizons Family Solutions (NYSE:BFAM) opened at 66.85 on Friday. The firm has a 50-day moving average of $67.44 and a 200 day moving average of $65.88. Bright Horizons Family Solutions has a 52 week low of $59.85 and a 52 week high of $70.59. The company has a market cap of $3.94 billion, a P/E ratio of 41.50 and a beta of 0.14.

Bright Horizons Family Solutions (NYSE:BFAM) last announced its quarterly earnings results on Wednesday, August 3rd. The company reported $0.61 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.61. The business earned $402 million during the quarter, compared to analyst estimates of $403.09 million. Bright Horizons Family Solutions had a net margin of 6.53% and a return on equity of 16.43%. Bright Horizons Family Solutions’s quarterly revenue was up 8.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.53 EPS. Equities analysts anticipate that Bright Horizons Family Solutions will post $2.19 earnings per share for the current fiscal year.

In other Bright Horizons Family Solutions news, President Stephen Howard Kramer sold 6,666 shares of the company’s stock in a transaction dated Thursday, June 23rd. The shares were sold at an average price of $65.78, for a total transaction of $438,489.48. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Elizabeth J. Boland sold 18,505 shares of the company’s stock in a transaction dated Wednesday, July 20th. The shares were sold at an average price of $67.92, for a total transaction of $1,256,859.60. Following the sale, the chief financial officer now directly owns 147,662 shares in the company, valued at $10,029,203.04. The disclosure for this sale can be found here. Company insiders own 4.00% of the company’s stock.

Large investors have recently added to or reduced their stakes in the stock. Public Employees Retirement System of Ohio acquired a new stake in Bright Horizons Family Solutions during the second quarter valued at approximately $1,423,000. Lebenthal Holdings LLC bought a new stake in shares of Bright Horizons Family Solutions during the second quarter valued at $1,123,000. Schwab Charles Investment Management Inc. boosted its stake in shares of Bright Horizons Family Solutions by 10.8% in the second quarter. Schwab Charles Investment Management Inc. now owns 169,774 shares of the company’s stock valued at $11,258,000 after buying an additional 16,498 shares in the last quarter. Amalgamated Bank boosted its stake in shares of Bright Horizons Family Solutions by 17.9% in the second quarter. Amalgamated Bank now owns 4,640 shares of the company’s stock valued at $303,000 after buying an additional 705 shares in the last quarter. Finally, Roosevelt Investment Group Inc. boosted its stake in shares of Bright Horizons Family Solutions by 9.9% in the second quarter. Roosevelt Investment Group Inc. now owns 220,222 shares of the company’s stock valued at $14,603,000 after buying an additional 19,913 shares in the last quarter.

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. The Company’s segments include full service center-based care services, back-up dependent care services and other educational advisory services.

5 Day Chart for NYSE:BFAM

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