UBS Group Forecasts Strong Price Appreciation for Bright Horizons Family Solutions (NYSE:BFAM) Stock

Bright Horizons Family Solutions (NYSE:BFAM) had its target price upped by equities research analysts at UBS Group from $145.00 to $148.00 in a research report issued on Tuesday, Benzinga reports. The brokerage currently has a “neutral” rating on the stock. UBS Group’s price objective would suggest a potential upside of 27.25% from the company’s previous close.

BFAM has been the topic of a number of other research reports. JPMorgan Chase & Co. raised their price objective on shares of Bright Horizons Family Solutions from $137.00 to $149.00 and gave the stock an “overweight” rating in a report on Tuesday. Deutsche Bank Aktiengesellschaft boosted 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 upped their price objective on Bright Horizons Family Solutions from $131.00 to $140.00 and gave the stock a “neutral” rating in a research note on Tuesday. Barclays lifted their target price on 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. Finally, Morgan Stanley upped their price target 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 investment 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. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $141.13.

Bright Horizons Family Solutions Trading Up 0.4 %

NYSE:BFAM opened at $116.31 on Tuesday. The company has a 50 day simple moving average of $135.42 and a two-hundred day simple moving average of $122.24. The company has a market cap of $6.75 billion, a PE ratio of 66.84 and a beta of 1.49. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 0.73. Bright Horizons Family Solutions has a 12 month low of $80.29 and a 12 month high of $141.90.

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

Insider Buying and Selling at Bright Horizons Family Solutions

In other news, COO Mary Lou Burke sold 800 shares of the company’s stock in a transaction dated Monday, October 7th. The stock was sold at an average price of $136.94, for a total value of $109,552.00. Following the completion of 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 transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 1.22% of the company’s stock.

Hedge Funds Weigh In On Bright Horizons Family Solutions

Several hedge funds have recently modified their holdings of BFAM. Raleigh Capital Management Inc. bought a new stake in Bright Horizons Family Solutions in the 3rd quarter valued at $29,000. V Square Quantitative Management LLC purchased a new position in shares of Bright Horizons Family Solutions during the third quarter valued at about $35,000. Whittier Trust Co. of Nevada Inc. increased its holdings in shares of Bright Horizons Family Solutions by 850.0% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 342 shares of the company’s stock worth $38,000 after purchasing an additional 306 shares during the last quarter. Daiwa Securities Group Inc. lifted its position in shares of Bright Horizons Family Solutions by 73.3% in the second quarter. Daiwa Securities Group Inc. now owns 390 shares of the company’s stock worth $43,000 after buying an additional 165 shares in the last quarter. Finally, Quarry LP lifted its position in shares of Bright Horizons Family Solutions by 68.3% in the second quarter. Quarry LP now owns 436 shares of the company’s stock worth $48,000 after buying an additional 177 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.