Bright Horizons Family Solutions Inc. (BFAM) Price Target Raised to $90.00 at Credit Suisse Group
Bright Horizons Family Solutions Inc. (NYSE:BFAM) had its price target raised by Credit Suisse Group from $83.00 to $90.00 in a report released on Thursday. Credit Suisse Group currently has a neutral rating on the stock.
Other analysts have also issued research reports about the company. Zacks Investment Research raised Bright Horizons Family Solutions from a hold rating to a buy rating and set a $91.00 price objective on the stock in a report on Friday, September 15th. BidaskClub lowered Bright Horizons Family Solutions from a buy rating to a hold rating in a report on Wednesday, July 12th. Citigroup Inc. reissued a buy rating and set a $92.00 price objective (up previously from $90.00) on shares of Bright Horizons Family Solutions in a report on Thursday, August 3rd. Finally, BMO Capital Markets lifted their price objective on Bright Horizons Family Solutions from $85.00 to $90.00 and gave the stock a market perform rating in a report on Thursday. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company has a consensus rating of Hold and a consensus target price of $89.17.
Shares of Bright Horizons Family Solutions (NYSE BFAM) traded up $0.44 during trading hours on Thursday, hitting $89.11. The stock had a trading volume of 192,719 shares, compared to its average volume of 176,903. Bright Horizons Family Solutions has a one year low of $62.54 and a one year high of $93.13. The firm has a market cap of $5,270.00, a price-to-earnings ratio of 37.44, a PEG ratio of 1.79 and a beta of 0.13. The company has a debt-to-equity ratio of 1.46, a current ratio of 0.42 and a quick ratio of 0.42.
Bright Horizons Family Solutions (NYSE:BFAM) last announced its quarterly earnings data on Wednesday, November 1st. The company reported $0.62 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.57 by $0.05. Bright Horizons Family Solutions had a return on equity of 20.16% and a net margin of 7.22%. The company had revenue of $433.30 million for the quarter, compared to analyst estimates of $429.36 million. During the same quarter last year, the firm earned $0.49 EPS. Bright Horizons Family Solutions’s revenue for the quarter was up 12.9% compared to the same quarter last year. equities research analysts anticipate that Bright Horizons Family Solutions will post 2.5 EPS for the current fiscal year.
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In related news, CFO Elizabeth J. Boland sold 29,681 shares of the business’s stock in a transaction on Wednesday, September 6th. The stock was sold at an average price of $78.95, for a total value of $2,343,314.95. Following the sale, the chief financial officer now owns 141,491 shares of the company’s stock, valued at approximately $11,170,714.45. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, COO Mary Lou Burke sold 5,000 shares of the business’s stock in a transaction on Monday, August 7th. The shares were sold at an average price of $78.56, for a total value of $392,800.00. Following the completion of the sale, the chief operating officer now directly owns 32,354 shares in the company, valued at approximately $2,541,730.24. The disclosure for this sale can be found here. In the last ninety days, insiders sold 80,444 shares of company stock worth $6,516,524. 2.90% of the stock is owned by insiders.
Institutional investors have recently bought and sold shares of the business. BlackRock Inc. boosted its stake in Bright Horizons Family Solutions by 73,144.9% in the first quarter. BlackRock Inc. now owns 2,743,023 shares of the company’s stock worth $198,843,000 after purchasing an additional 2,739,278 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in Bright Horizons Family Solutions by 3,798.6% in the second quarter. JPMorgan Chase & Co. now owns 692,158 shares of the company’s stock worth $53,441,000 after purchasing an additional 674,404 shares in the last quarter. Neuberger Berman Group LLC boosted its stake in Bright Horizons Family Solutions by 108.4% in the second quarter. Neuberger Berman Group LLC now owns 1,153,425 shares of the company’s stock worth $89,056,000 after purchasing an additional 599,907 shares in the last quarter. Vanguard Group Inc. boosted its stake in Bright Horizons Family Solutions by 11.8% in the second quarter. Vanguard Group Inc. now owns 3,888,575 shares of the company’s stock worth $300,237,000 after purchasing an additional 410,335 shares in the last quarter. Finally, Laurion Capital Management LP acquired a new position in Bright Horizons Family Solutions in the second quarter worth $17,171,000. 97.25% of the stock is currently owned by institutional investors.
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.
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