Bright Horizons Family Solutions Inc. (NYSE:BFAM)‘s stock had its “buy” rating reaffirmed by equities researchers at Royal Bank Of Canada in a research note issued on Wednesday.

BFAM has been the topic of a number of other reports. BMO Capital Markets reiterated a “hold” rating and set a $83.00 price objective on shares of Bright Horizons Family Solutions in a research note on Monday, May 15th. Credit Suisse Group reiterated an “outperform” rating and set a $80.00 price objective on shares of Bright Horizons Family Solutions in a research note on Monday, April 17th. BidaskClub downgraded shares of Bright Horizons Family Solutions from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, June 27th. Finally, Zacks Investment Research downgraded shares of Bright Horizons Family Solutions from a “buy” rating to a “hold” rating in a research note on Wednesday, April 12th. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $81.75.

Shares of Bright Horizons Family Solutions (NYSE BFAM) traded up 0.208% during midday trading on Wednesday, hitting $79.585. The company had a trading volume of 161,107 shares. Bright Horizons Family Solutions has a 52 week low of $59.00 and a 52 week high of $82.00. The firm’s 50 day moving average is $78.02 and its 200 day moving average is $74.06. The company has a market capitalization of $4.70 billion, a P/E ratio of 42.536 and a beta of 0.12.

Bright Horizons Family Solutions (NYSE:BFAM) last released its quarterly earnings data on Tuesday, August 1st. The company reported $0.70 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.67 by $0.03. Bright Horizons Family Solutions had a net margin of 6.91% and a return on equity of 19.32%. The firm had revenue of $445.55 million for the quarter, compared to the consensus estimate of $443.90 million. During the same period last year, the firm earned $0.61 earnings per share. The company’s quarterly revenue was up 10.8% on a year-over-year basis. Equities research analysts anticipate that Bright Horizons Family Solutions will post $2.64 EPS for the current year.

WARNING: This story was originally published by Watch List News and is owned by of Watch List News. If you are accessing this story on another website, it was stolen and republished in violation of United States and international copyright and trademark laws. The correct version of this story can be viewed at https://www.watchlistnews.com/bright-horizons-family-solutions-inc-bfam-receives-buy-rating-from-royal-bank-of-canada/1466071.html.

In other news, COO Mary Lou Burke sold 5,000 shares of Bright Horizons Family Solutions stock in a transaction on Monday, June 5th. The shares were sold at an average price of $77.76, for a total transaction of $388,800.00. Following the completion of the sale, the chief operating officer now directly owns 36,380 shares in the company, valued at $2,828,908.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CAO Mandy Berman sold 3,697 shares of Bright Horizons Family Solutions stock in a transaction on Monday, May 15th. The stock was sold at an average price of $78.01, for a total transaction of $288,402.97. Following the sale, the chief accounting officer now owns 19,824 shares of the company’s stock, valued at $1,546,470.24. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 4,193,394 shares of company stock valued at $332,246,231. 2.90% of the stock is owned by insiders.

Several large investors have recently bought and sold shares of the company. Capital Advisors Inc. OK bought a new stake in Bright Horizons Family Solutions during the second quarter valued at approximately $7,781,000. Banque Pictet & Cie SA increased its stake in Bright Horizons Family Solutions by 65.2% in the second quarter. Banque Pictet & Cie SA now owns 13,300 shares of the company’s stock valued at $1,027,000 after buying an additional 5,250 shares during the last quarter. JPMorgan Chase & Co. increased 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 valued at $53,441,000 after buying an additional 674,404 shares during the last quarter. Swiss National Bank increased its stake in Bright Horizons Family Solutions by 7.8% in the second quarter. Swiss National Bank now owns 79,179 shares of the company’s stock valued at $6,113,000 after buying an additional 5,700 shares during the last quarter. Finally, Pacad Investment Ltd. increased its stake in Bright Horizons Family Solutions by 88.5% in the second quarter. Pacad Investment Ltd. now owns 4,900 shares of the company’s stock valued at $378,000 after buying an additional 2,300 shares during the last quarter. Institutional investors and hedge funds own 98.81% of the company’s stock.

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)

Receive News & Ratings for Bright Horizons Family Solutions Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bright Horizons Family Solutions Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.