Bright Horizons Family Solutions Inc. (NYSE:BFAM) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report released on Tuesday. The brokerage currently has a $100.00 price objective on the stock. Zacks Investment Research‘s target price would suggest a potential upside of 11.71% from the stock’s previous close.

According to Zacks, “Bright Horizons Family Solutions Inc. is engaged in providing employer-sponsored child care, early education and work/life solutions. Its employer-sponsored child care programs include child care and early education centers, infant/toddler/preschool care and education, full and part-time child care, kindergarten, school-age programs, summer camps and back-up care. Bright Horizons manages child care centers for corporations, hospitals, universities and government agencies The Company operates primarily in North America, Europe and India. Bright Horizons Family Solutions Inc. is based in Watertown, Massachusetts. “

Other research analysts also recently issued research reports about the stock. Citigroup Inc. restated a “buy” rating and set a $92.00 price target (up previously from $90.00) on shares of Bright Horizons Family Solutions in a report on Thursday, August 3rd. BidaskClub downgraded shares of Bright Horizons Family Solutions from a “buy” rating to a “hold” rating in a report on Wednesday, July 12th. Robert W. Baird restated a “hold” rating on shares of Bright Horizons Family Solutions in a report on Friday. BMO Capital Markets restated a “market perform” rating and set a $85.00 price target (up previously from $83.00) on shares of Bright Horizons Family Solutions in a report on Thursday, August 3rd. Finally, Royal Bank Of Canada restated a “buy” rating on shares of Bright Horizons Family Solutions in a report on Wednesday, August 9th. Four analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Bright Horizons Family Solutions presently has a consensus rating of “Buy” and an average target price of $90.67.

Bright Horizons Family Solutions (BFAM) traded down $0.01 during trading on Tuesday, hitting $89.52. 168,964 shares of the stock were exchanged, compared to its average volume of 182,364. The company has a market cap of $5,300.00, a P/E ratio of 37.44, a P/E/G ratio of 1.79 and a beta of 0.13. The company has a quick ratio of 0.42, a current ratio of 0.42 and a debt-to-equity ratio of 1.46. Bright Horizons Family Solutions has a fifty-two week low of $62.54 and a fifty-two week high of $93.13.

Bright Horizons Family Solutions (NYSE:BFAM) last released its quarterly earnings results on Wednesday, November 1st. The company reported $0.62 earnings per share for the quarter, beating analysts’ consensus estimates of $0.57 by $0.05. The business had revenue of $433.30 million for the quarter, compared to the consensus estimate of $429.36 million. Bright Horizons Family Solutions had a net margin of 7.22% and a return on equity of 20.16%. Bright Horizons Family Solutions’s revenue for the quarter was up 12.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.49 EPS. equities research analysts anticipate that Bright Horizons Family Solutions will post 2.5 EPS for the current year.

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In other Bright Horizons Family Solutions news, COO Mary Lou Burke sold 750 shares of the firm’s stock in a transaction on Tuesday, September 5th. The shares were sold at an average price of $79.85, for a total value of $59,887.50. Following the sale, the chief operating officer now directly owns 32,016 shares in the company, valued at approximately $2,556,477.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Elizabeth J. Boland sold 29,681 shares of the firm’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 completion of the sale, the chief financial officer now owns 141,491 shares in the company, valued at $11,170,714.45. The disclosure for this sale can be found here. Insiders sold a total of 68,778 shares of company stock worth $5,596,376 in the last quarter. Insiders own 2.90% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of BFAM. UBS Asset Management Americas Inc. grew its position in Bright Horizons Family Solutions by 33.1% in the 1st quarter. UBS Asset Management Americas Inc. now owns 20,567 shares of the company’s stock worth $1,491,000 after purchasing an additional 5,110 shares during the last quarter. Principal Financial Group Inc. grew its position in Bright Horizons Family Solutions by 42.0% in the 1st quarter. Principal Financial Group Inc. now owns 8,782 shares of the company’s stock worth $637,000 after purchasing an additional 2,599 shares during the last quarter. Wellington Management Group LLP acquired a new stake in Bright Horizons Family Solutions in the 1st quarter worth $1,320,000. Teachers Advisors LLC grew its position in Bright Horizons Family Solutions by 4.6% in the 1st quarter. Teachers Advisors LLC now owns 81,138 shares of the company’s stock worth $5,882,000 after purchasing an additional 3,554 shares during the last quarter. Finally, Legal & General Group Plc grew its position in Bright Horizons Family Solutions by 5.1% in the 1st quarter. Legal & General Group Plc now owns 15,575 shares of the company’s stock worth $1,127,000 after purchasing an additional 759 shares during the last quarter. Institutional investors own 96.98% 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)

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