Bright Horizons Family Solutions (NYSE:BFAM) Given New $146.00 Price Target at BMO Capital Markets

Bright Horizons Family Solutions (NYSE:BFAM) had its target price boosted by BMO Capital Markets from $127.00 to $146.00 in a research report report published on Tuesday morning,Benzinga reports. They currently have an outperform rating on the stock.

Several other research firms also recently issued reports on BFAM. UBS Group dropped their price objective on shares of Bright Horizons Family Solutions from $148.00 to $130.00 and set a “neutral” rating on the stock in a report on Friday, January 24th. Jefferies Financial Group dropped their price objective on shares of Bright Horizons Family Solutions from $155.00 to $132.00 and set a “buy” rating on the stock in a report on Thursday, January 23rd. StockNews.com upgraded shares of Bright Horizons Family Solutions from a “sell” rating to a “hold” rating in a report on Friday, February 14th. The Goldman Sachs Group dropped their price objective on shares of Bright Horizons Family Solutions from $162.00 to $142.00 and set a “buy” rating on the stock in a report on Friday, December 27th. Finally, Morgan Stanley dropped their price objective on shares of Bright Horizons Family Solutions from $102.00 to $100.00 and set an “underweight” rating on the stock in a report on Tuesday, February 11th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $137.67.

Bright Horizons Family Solutions Stock Up 0.0 %

Bright Horizons Family Solutions stock opened at $128.94 on Tuesday. The firm has a market cap of $7.50 billion, a price-to-earnings ratio of 64.80 and a beta of 1.45. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.61 and a quick ratio of 0.61. Bright Horizons Family Solutions has a fifty-two week low of $100.59 and a fifty-two week high of $141.90. The firm has a fifty day moving average price of $115.50 and a two-hundred day moving average price of $124.68.

Bright Horizons Family Solutions (NYSE:BFAM) last released its earnings results on Thursday, February 13th. The company reported $0.88 earnings per share for the quarter, missing analysts’ consensus estimates of $0.91 by ($0.03). Bright Horizons Family Solutions had a return on equity of 13.23% and a net margin of 4.44%. As a group, analysts forecast that Bright Horizons Family Solutions will post 3 earnings per share for the current year.

Insider Transactions at Bright Horizons Family Solutions

In other news, Director Mary Ann Tocio sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $114.71, for a total transaction of $573,550.00. Following the completion of the sale, the director now owns 25,257 shares of the company’s stock, valued at approximately $2,897,230.47. This trade represents a 16.53 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 1.22% of the company’s stock.

Institutional Trading of Bright Horizons Family Solutions

Several hedge funds have recently modified their holdings of BFAM. Burgundy Asset Management Ltd. bought a new stake in shares of Bright Horizons Family Solutions during the fourth quarter valued at approximately $17,265,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Bright Horizons Family Solutions by 4.5% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 174,260 shares of the company’s stock valued at $19,317,000 after purchasing an additional 7,451 shares during the last quarter. Vident Advisory LLC bought a new stake in shares of Bright Horizons Family Solutions during the fourth quarter valued at approximately $10,742,000. Squarepoint Ops LLC bought a new stake in shares of Bright Horizons Family Solutions during the fourth quarter valued at approximately $17,068,000. Finally, Two Sigma Advisers LP grew its stake in shares of Bright Horizons Family Solutions by 1,540.0% during the fourth quarter. Two Sigma Advisers LP now owns 41,000 shares of the company’s stock valued at $4,545,000 after purchasing an additional 38,500 shares during 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.