Shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM) have been assigned a consensus rating of “Buy” from the eight ratings firms that are currently covering the stock, Marketbeat reports. Four research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month price target among brokers that have covered the stock in the last year is $87.50.

Several analysts have issued reports on the company. Citigroup Inc. assumed coverage on Bright Horizons Family Solutions in a research note on Tuesday, July 18th. They issued a “buy” rating and a $90.00 target price on the stock. Zacks Investment Research upgraded Bright Horizons Family Solutions from a “hold” rating to a “buy” rating and set a $88.00 target price on the stock in a research note on Friday, August 4th. BidaskClub lowered Bright Horizons Family Solutions from a “buy” rating to a “hold” rating in a research note on Wednesday, July 12th. Royal Bank Of Canada restated a “buy” rating on shares of Bright Horizons Family Solutions in a research note on Wednesday, August 9th. Finally, Barclays PLC boosted their target price on Bright Horizons Family Solutions from $80.00 to $90.00 and gave the company an “overweight” rating in a research note on Monday, October 2nd.

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 transaction of $2,343,314.95. Following the sale, the chief financial officer now directly owns 141,491 shares in the company, valued at approximately $11,170,714.45. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, COO Mary Lou Burke sold 1,000 shares of the business’s stock in a transaction on Wednesday, July 19th. The shares were sold at an average price of $79.98, for a total value of $79,980.00. Following the sale, the chief operating officer now owns 32,266 shares in the company, valued at $2,580,634.68. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 61,763 shares of company stock worth $4,920,470. 2.90% of the stock is currently owned by corporate insiders.

Large investors have recently added to or reduced their stakes in the stock. State Street Corp raised its stake in shares of Bright Horizons Family Solutions by 3.2% during the 1st quarter. State Street Corp now owns 840,444 shares of the company’s stock valued at $60,918,000 after purchasing an additional 25,721 shares during the period. Westfield Capital Management Co. LP raised its stake in shares of Bright Horizons Family Solutions by 3.1% during the 2nd quarter. Westfield Capital Management Co. LP now owns 548,446 shares of the company’s stock valued at $42,346,000 after purchasing an additional 16,659 shares during the period. Schwab Charles Investment Management Inc. raised its stake in shares of Bright Horizons Family Solutions by 8.5% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 275,102 shares of the company’s stock valued at $19,943,000 after purchasing an additional 21,567 shares during the period. State Board of Administration of Florida Retirement System raised its stake in shares of Bright Horizons Family Solutions by 79.2% during the 2nd quarter. State Board of Administration of Florida Retirement System now owns 37,108 shares of the company’s stock valued at $2,865,000 after purchasing an additional 16,400 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Bright Horizons Family Solutions by 15.8% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 278,354 shares of the company’s stock valued at $21,492,000 after purchasing an additional 37,910 shares during the period. Institutional investors own 97.08% of the company’s stock.

Bright Horizons Family Solutions (NYSE:BFAM) traded down 0.11% on Wednesday, reaching $85.15. The company’s stock had a trading volume of 120,290 shares. The firm has a 50 day moving average of $82.46 and a 200 day moving average of $78.23. The firm has a market cap of $5.04 billion, a price-to-earnings ratio of 45.44 and a beta of 0.14. Bright Horizons Family Solutions has a 12 month low of $59.00 and a 12 month high of $88.13.

Bright Horizons Family Solutions (NYSE:BFAM) last issued its earnings results on Tuesday, August 1st. The company reported $0.70 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.67 by $0.03. The firm had revenue of $445.55 million for the quarter, compared to analyst estimates of $443.90 million. Bright Horizons Family Solutions had a return on equity of 19.19% and a net margin of 6.91%. The business’s revenue was up 10.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.61 earnings per share. Analysts anticipate that Bright Horizons Family Solutions will post $2.64 earnings per share for the current year.

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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.

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

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