Bright Horizons Family Solutions (NYSE:BFAM) had its price objective boosted by research analysts at Credit Suisse Group from $90.00 to $98.00 in a research report issued on Friday. The firm currently has a “neutral” rating on the stock. Credit Suisse Group’s price objective points to a potential upside of 2.83% from the stock’s previous close.

BFAM has been the subject of a number of other research reports. Zacks Investment Research raised Bright Horizons Family Solutions from a “hold” rating to a “buy” rating and set a $100.00 target price for the company in a report on Tuesday, November 7th. BMO Capital Markets reissued a “hold” rating on shares of Bright Horizons Family Solutions in a report on Wednesday, October 25th. Macquarie initiated coverage on Bright Horizons Family Solutions in a report on Thursday, December 21st. They set a “neutral” rating and a $95.00 target price for the company. Royal Bank of Canada increased their target price on Bright Horizons Family Solutions to $98.00 and gave the company an “outperform” rating in a report on Friday, January 19th. They noted that the move was a valuation call. Finally, Barclays reissued a “buy” rating and set a $105.00 target price on shares of Bright Horizons Family Solutions in a report on Wednesday, December 27th. Six equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $99.25.

Shares of Bright Horizons Family Solutions (BFAM) traded up $3.52 during trading on Friday, hitting $95.30. The company’s stock had a trading volume of 115,770 shares, compared to its average volume of 184,896. Bright Horizons Family Solutions has a fifty-two week low of $65.00 and a fifty-two week high of $98.84. The firm has a market capitalization of $5,570.88, a PE ratio of 47.65, a P/E/G ratio of 2.21 and a beta of 0.15. The company has a quick ratio of 0.49, a current ratio of 0.49 and a debt-to-equity ratio of 1.35.

Bright Horizons Family Solutions (NYSE:BFAM) last announced its earnings results on Thursday, February 8th. The company reported $0.73 EPS for the quarter, beating analysts’ consensus estimates of $0.69 by $0.04. Bright Horizons Family Solutions had a return on equity of 19.72% and a net margin of 7.22%. The business had revenue of $440.00 million during the quarter, compared to analysts’ expectations of $438.99 million. During the same quarter in the prior year, the firm earned $0.56 earnings per share. The business’s revenue was up 10.4% compared to the same quarter last year. equities analysts forecast that Bright Horizons Family Solutions will post 2.49 EPS for the current fiscal year.

In related news, EVP Stephen I. Dreier sold 1,141 shares of the stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $94.00, for a total value of $107,254.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, 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 disclosure for this sale can be found here. In the last ninety days, insiders sold 3,625,459 shares of company stock valued at $316,702,790. Insiders own 2.90% of the company’s stock.

A number of institutional investors have recently modified their holdings of the stock. Wells Fargo & Company MN grew its position in Bright Horizons Family Solutions by 3.6% in the third quarter. Wells Fargo & Company MN now owns 1,690,927 shares of the company’s stock worth $145,775,000 after acquiring an additional 59,456 shares during the period. Neuberger Berman Group LLC grew its position in Bright Horizons Family Solutions by 5.0% in the third 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 during the period. Brown Advisory Inc. grew its position in Bright Horizons Family Solutions by 3.6% in the third quarter. Brown Advisory Inc. now owns 1,205,861 shares of the company’s stock worth $103,958,000 after acquiring an additional 42,133 shares during the period. JPMorgan Chase & Co. grew its position in 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 worth $85,938,000 after acquiring an additional 310,160 shares during the period. Finally, Eagle Asset Management Inc. grew its position in Bright Horizons Family Solutions by 0.5% in the third quarter. Eagle Asset Management Inc. now owns 831,861 shares of the company’s stock worth $72,455,000 after acquiring an additional 4,494 shares during the period. 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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