Bright Horizons Family Solutions Inc. (NYSE:BFAM) had its price objective boosted by Citigroup Inc. from $92.00 to $100.00 in a research note published on Friday morning. They currently have a buy rating on the stock.

A number of other equities analysts have also weighed in on BFAM. BidaskClub lowered shares of Bright Horizons Family Solutions from a buy rating to a hold rating in a research report on Wednesday, July 12th. BMO Capital Markets reissued a market perform rating and issued a $85.00 price objective (up previously from $83.00) on shares of Bright Horizons Family Solutions in a research report on Thursday, August 3rd. Zacks Investment Research raised shares of Bright Horizons Family Solutions from a hold rating to a buy rating and set a $88.00 price objective for the company in a research report on Friday, August 4th. Royal Bank Of Canada reissued a buy rating on shares of Bright Horizons Family Solutions in a research report on Wednesday, August 9th. Finally, Barclays PLC boosted their price objective on shares of Bright Horizons Family Solutions from $80.00 to $90.00 and gave the company an overweight rating in a research report on Monday, October 2nd. Five investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock has an average rating of Hold and a consensus target price of $89.17.

Bright Horizons Family Solutions (NYSE BFAM) opened at $89.53 on Friday. The company has a debt-to-equity ratio of 1.46, a current ratio of 0.42 and a quick ratio of 0.42. The firm has a market cap of $5,271.51, a P/E ratio of 37.44, a PEG ratio of 1.79 and a beta of 0.13. Bright Horizons Family Solutions has a 52-week low of $62.54 and a 52-week high of $93.13.

Bright Horizons Family Solutions (NYSE:BFAM) last posted its quarterly earnings data 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 during the quarter, compared to analyst estimates of $429.36 million. Bright Horizons Family Solutions had a net margin of 7.22% and a return on equity of 20.16%. The company’s revenue was up 12.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.49 earnings per share. analysts forecast that Bright Horizons Family Solutions will post 2.5 EPS for the current year.

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In related news, CFO Elizabeth J. Boland sold 19,681 shares of the business’s stock in a transaction that occurred on Tuesday, October 17th. The shares were sold at an average price of $85.16, for a total value of $1,676,033.96. Following the completion of the sale, the chief financial officer now directly owns 152,977 shares in the company, valued at $13,027,521.32. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Elizabeth J. Boland sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 26th. The shares were sold at an average price of $82.33, for a total transaction of $823,300.00. Following the completion of the sale, the chief financial officer now owns 150,717 shares of the company’s stock, valued at $12,408,530.61. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 68,778 shares of company stock valued at $5,596,376. 2.90% of the stock is owned by insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its stake in Bright Horizons Family Solutions by 11.8% during the second quarter. Vanguard Group Inc. now owns 3,888,575 shares of the company’s stock worth $300,237,000 after buying an additional 410,335 shares during the period. BlackRock Inc. grew its stake in Bright Horizons Family Solutions by 73,144.9% during the first quarter. BlackRock Inc. now owns 2,743,023 shares of the company’s stock worth $198,843,000 after buying an additional 2,739,278 shares during the period. Alliancebernstein L.P. grew its stake in Bright Horizons Family Solutions by 8.7% during the second quarter. Alliancebernstein L.P. now owns 2,008,801 shares of the company’s stock worth $155,100,000 after buying an additional 161,469 shares during the period. Neuberger Berman Group LLC grew its stake in Bright Horizons Family Solutions by 108.4% during the second quarter. Neuberger Berman Group LLC now owns 1,153,425 shares of the company’s stock worth $89,056,000 after buying an additional 599,907 shares during the period. Finally, State Street Corp grew its stake in Bright Horizons Family Solutions by 3.2% during the first quarter. State Street Corp now owns 840,444 shares of the company’s stock worth $60,918,000 after buying an additional 25,721 shares during the period. 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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