Bright Horizons Family Solutions Inc. (NYSE:BFAM) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report issued on Friday. The firm currently has a $90.00 target price on the stock. Zacks Investment Research‘s price objective would indicate a potential upside of 12.67% from the stock’s current price.

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. “

Several other equities research analysts have also commented on BFAM. BidaskClub upgraded Bright Horizons Family Solutions from a “hold” rating to a “buy” rating in a research note on Thursday, August 10th. Royal Bank Of Canada restated a “buy” rating on shares of Bright Horizons Family Solutions in a research note on Wednesday, August 9th. BMO Capital Markets restated a “market perform” rating and set a $85.00 price target (up from $83.00) on shares of Bright Horizons Family Solutions in a research note on Thursday, August 3rd. Citigroup Inc. restated a “buy” rating and set a $92.00 price target (up from $90.00) on shares of Bright Horizons Family Solutions in a research note on Thursday, August 3rd. Finally, Credit Suisse Group lowered Bright Horizons Family Solutions from an “outperform” rating to a “neutral” rating and upped their price target for the stock from $80.00 to $83.00 in a research note on Friday, May 12th. They noted that the move was a valuation call. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $84.00.

Shares of Bright Horizons Family Solutions (BFAM) traded down 0.06% during trading on Friday, reaching $79.88. The company had a trading volume of 73,541 shares. The firm has a 50-day moving average of $79.29 and a 200 day moving average of $75.30. The firm has a market capitalization of $4.73 billion, a price-to-earnings ratio of 42.63 and a beta of 0.12. Bright Horizons Family Solutions has a 52 week low of $59.00 and a 52 week high of $82.00.

Bright Horizons Family Solutions (NYSE:BFAM) last announced its quarterly earnings results on Tuesday, August 1st. The company reported $0.70 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.67 by $0.03. The company had revenue of $445.55 million during 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 firm’s revenue was up 10.8% on a year-over-year basis. During the same period in the prior year, the firm posted $0.61 earnings per share. On average, equities research analysts forecast that Bright Horizons Family Solutions will post $2.64 earnings per share for the current year.

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In other news, COO Mary Lou Burke sold 5,000 shares of the company’s stock in a transaction dated Monday, June 5th. The stock was sold at an average price of $77.76, for a total value of $388,800.00. Following the completion of the sale, the chief operating officer now owns 36,380 shares of the company’s stock, valued at $2,828,908.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Mandy Berman sold 3,699 shares of the company’s stock in a transaction dated Thursday, June 15th. The stock was sold at an average price of $75.94, for a total value of $280,902.06. Following the completion of the sale, the chief accounting officer now directly owns 16,125 shares of the company’s stock, valued at approximately $1,224,532.50. The disclosure for this sale can be found here. Insiders sold 41,697 shares of company stock valued at $3,230,288 in the last ninety days. Company insiders own 2.90% of the company’s stock.

Several large investors have recently modified their holdings of BFAM. Acrospire Investment Management LLC increased its position in shares of Bright Horizons Family Solutions by 250.0% in the second quarter. Acrospire Investment Management LLC now owns 1,400 shares of the company’s stock worth $108,000 after buying an additional 1,000 shares in the last quarter. Public Employees Retirement Association of Colorado acquired a new position in shares of Bright Horizons Family Solutions during the second quarter worth approximately $123,000. Advisor Group Inc. increased its position in shares of Bright Horizons Family Solutions by 213.6% in the second quarter. Advisor Group Inc. now owns 1,988 shares of the company’s stock worth $152,000 after buying an additional 1,354 shares in the last quarter. BNP Paribas Arbitrage SA increased its position in shares of Bright Horizons Family Solutions by 83.5% in the first quarter. BNP Paribas Arbitrage SA now owns 2,621 shares of the company’s stock worth $190,000 after buying an additional 1,193 shares in the last quarter. Finally, Connable Office Inc. acquired a new position in shares of Bright Horizons Family Solutions during the second quarter worth approximately $208,000. 97.23% of the stock is owned by institutional investors.

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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