Bright Horizons Family Solutions (NYSE:BFAM) Stock Price Expected to Rise, The Goldman Sachs Group Analyst Says

Bright Horizons Family Solutions (NYSE:BFAM) had its target price lifted by equities research analysts at The Goldman Sachs Group from $142.00 to $162.00 in a report issued on Tuesday, Benzinga reports. The brokerage currently has a “buy” rating on the stock. The Goldman Sachs Group’s target price points to a potential upside of 39.28% from the stock’s previous close.

Several other equities research analysts also recently issued reports on BFAM. BMO Capital Markets raised their price objective on shares of Bright Horizons Family Solutions from $104.00 to $122.00 and gave the stock a “market perform” rating in a research note on Friday, August 2nd. UBS Group increased their price target on shares of Bright Horizons Family Solutions from $128.00 to $145.00 and gave the company a “neutral” rating in a report on Tuesday, October 8th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Bright Horizons Family Solutions from $114.00 to $140.00 and gave the company a “hold” rating in a research report on Friday, August 2nd. Robert W. Baird lifted their target price on Bright Horizons Family Solutions from $131.00 to $140.00 and gave the stock a “neutral” rating in a research report on Tuesday. Finally, Morgan Stanley boosted their price target on Bright Horizons Family Solutions from $100.00 to $108.00 and gave the company an “underweight” rating in a research note on Tuesday. One research analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $141.13.

Bright Horizons Family Solutions Stock Up 0.4 %

BFAM stock opened at $116.31 on Tuesday. The stock has a market capitalization of $6.75 billion, a price-to-earnings ratio of 66.84 and a beta of 1.49. The company has a 50-day moving average of $135.42 and a two-hundred day moving average of $122.24. Bright Horizons Family Solutions has a 52-week low of $80.29 and a 52-week high of $141.90. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.56 and a quick ratio of 0.56.

Bright Horizons Family Solutions (NYSE:BFAM) last posted its quarterly earnings data on Monday, November 4th. The company reported $1.11 earnings per share for the quarter, topping the consensus estimate of $1.06 by $0.05. The business had revenue of $719.00 million during the quarter, compared to analysts’ expectations of $713.16 million. Bright Horizons Family Solutions had a return on equity of 12.86% and a net margin of 3.98%. The firm’s revenue was up 11.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.78 EPS. As a group, equities research analysts anticipate that Bright Horizons Family Solutions will post 2.98 EPS for the current year.

Insider Transactions at Bright Horizons Family Solutions

In related news, COO Mary Lou Burke sold 800 shares of the business’s stock in a transaction on Monday, October 7th. The stock was sold at an average price of $136.94, for a total value of $109,552.00. Following the sale, the chief operating officer now owns 31,025 shares of the company’s stock, valued at $4,248,563.50. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.22% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Bright Horizons Family Solutions

Institutional investors have recently added to or reduced their stakes in the company. Raleigh Capital Management Inc. bought a new stake in Bright Horizons Family Solutions during the third quarter worth about $29,000. V Square Quantitative Management LLC acquired a new position in shares of Bright Horizons Family Solutions in the 3rd quarter worth approximately $35,000. Whittier Trust Co. of Nevada Inc. boosted its holdings in shares of Bright Horizons Family Solutions by 850.0% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 342 shares of the company’s stock worth $38,000 after acquiring an additional 306 shares in the last quarter. Daiwa Securities Group Inc. grew its position in Bright Horizons Family Solutions by 73.3% during the 2nd quarter. Daiwa Securities Group Inc. now owns 390 shares of the company’s stock worth $43,000 after acquiring an additional 165 shares during the last quarter. Finally, Quarry LP raised its position in Bright Horizons Family Solutions by 68.3% in the 2nd quarter. Quarry LP now owns 436 shares of the company’s stock valued at $48,000 after purchasing an additional 177 shares during the last quarter.

About Bright Horizons Family Solutions

Bright Horizons Family Solutions Inc provides early education and childcare, back-up care, educational advisory, and other workplace solutions services for employers and families in the United States, Puerto Rico, the United Kingdom, the Netherlands, Australia, and India. The company operates in three segments: Full Service Center-Based Child Care, Back-Up Care, and Educational Advisory and Other Services.