Robert W. Baird Forecasts Strong Price Appreciation for Bright Horizons Family Solutions (NYSE:BFAM) Stock

Bright Horizons Family Solutions (NYSE:BFAM) had its price target lifted by stock analysts at Robert W. Baird from $131.00 to $140.00 in a note issued to investors on Tuesday, Benzinga reports. The brokerage presently has a “neutral” rating on the stock. Robert W. Baird’s target price would indicate a potential upside of 20.37% from the stock’s previous close.

A number of other equities research analysts have also recently weighed in on the stock. Barclays boosted their price target on shares of Bright Horizons Family Solutions from $125.00 to $160.00 and gave the company an “overweight” rating in a research report on Friday, August 30th. BMO Capital Markets lifted their price objective on shares of Bright Horizons Family Solutions from $104.00 to $122.00 and gave the company a “market perform” rating in a research note on Friday, August 2nd. UBS Group increased their target price on shares of Bright Horizons Family Solutions from $128.00 to $145.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 8th. JPMorgan Chase & Co. boosted their price target on Bright Horizons Family Solutions from $119.00 to $137.00 and gave the company an “overweight” rating in a research report on Friday, August 2nd. Finally, Morgan Stanley increased their price objective on Bright Horizons Family Solutions from $100.00 to $108.00 and gave the stock an “underweight” rating in a research report on Tuesday. One analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $141.13.

Bright Horizons Family Solutions Stock Up 0.4 %

Bright Horizons Family Solutions stock opened at $116.31 on Tuesday. The stock’s fifty day moving average is $135.42 and its two-hundred day moving average is $122.24. The stock has a market cap of $6.75 billion, a PE ratio of 66.84 and a beta of 1.49. Bright Horizons Family Solutions has a 1-year low of $80.29 and a 1-year 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 issued its earnings results 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 for the quarter, compared to analyst estimates of $713.16 million. Bright Horizons Family Solutions had a return on equity of 12.86% and a net margin of 3.98%. The business’s quarterly revenue was up 11.3% on a year-over-year basis. During the same quarter last year, the company earned $0.78 EPS. On average, sell-side analysts expect that Bright Horizons Family Solutions will post 2.98 EPS for the current fiscal year.

Insider Buying and Selling at Bright Horizons Family Solutions

In related news, COO Mary Lou Burke sold 800 shares of the company’s stock in a transaction on Monday, October 7th. The stock was sold at an average price of $136.94, for a total transaction of $109,552.00. Following the transaction, the chief operating officer now owns 31,025 shares of the company’s stock, valued at $4,248,563.50. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 1.22% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Bright Horizons Family Solutions

Institutional investors and hedge funds have recently made changes to their positions in the stock. BNP Paribas Financial Markets lifted its position in shares of Bright Horizons Family Solutions by 15.0% during the 1st quarter. BNP Paribas Financial Markets now owns 8,817 shares of the company’s stock valued at $999,000 after acquiring an additional 1,147 shares during the period. Janney Montgomery Scott LLC boosted its position in Bright Horizons Family Solutions by 5.9% during the first quarter. Janney Montgomery Scott LLC now owns 52,873 shares of the company’s stock worth $5,994,000 after purchasing an additional 2,950 shares in the last quarter. Chevy Chase Trust Holdings LLC acquired a new stake in Bright Horizons Family Solutions in the first quarter valued at $241,000. Envestnet Portfolio Solutions Inc. increased its position in shares of Bright Horizons Family Solutions by 2.3% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 9,545 shares of the company’s stock valued at $1,082,000 after buying an additional 215 shares in the last quarter. Finally, Mesirow Institutional Investment Management Inc. boosted its position in shares of Bright Horizons Family Solutions by 7.5% in the 1st quarter. Mesirow Institutional Investment Management Inc. now owns 131,684 shares of the company’s stock worth $14,928,000 after buying an additional 9,148 shares in the last quarter.

Bright Horizons Family Solutions Company Profile

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.