Bright Horizons Family Solutions (NYSE:BFAM) Stock Price Expected to Rise, JPMorgan Chase & Co. Analyst Says

Bright Horizons Family Solutions (NYSE:BFAM) had its price target lifted by equities research analysts at JPMorgan Chase & Co. from $137.00 to $149.00 in a research note issued on Tuesday, Benzinga reports. The firm currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price target points to a potential upside of 28.11% from the company’s current price.

BFAM has been the topic of several other research reports. UBS Group raised their target price 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. BMO Capital Markets lifted 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 report on Friday, August 2nd. Barclays increased their target price on Bright Horizons Family Solutions from $125.00 to $160.00 and gave the company an “overweight” rating in a report on Friday, August 30th. The Goldman Sachs Group boosted their target price on Bright Horizons Family Solutions from $125.00 to $142.00 and gave the stock a “buy” rating in a research note on Friday, August 2nd. Finally, Morgan Stanley lifted their target price 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 company’s stock. According to data from MarketBeat, Bright Horizons Family Solutions has a consensus rating of “Hold” and an average price target of $141.13.

Bright Horizons Family Solutions Stock Performance

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

Bright Horizons Family Solutions (NYSE:BFAM) last issued its quarterly 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 company had revenue of $719.00 million for the quarter, compared to the consensus estimate of $713.16 million. Bright Horizons Family Solutions had a return on equity of 12.86% and a net margin of 3.98%. Bright Horizons Family Solutions’s revenue was up 11.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.78 EPS. As a group, equities analysts anticipate that Bright Horizons Family Solutions will post 2.98 earnings per share for the current fiscal year.

Insider Activity

In other 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 completion of the transaction, the chief operating officer now directly owns 31,025 shares of the company’s stock, valued at $4,248,563.50. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Company insiders own 1.22% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of BFAM. OLD National Bancorp IN grew its position in shares of Bright Horizons Family Solutions by 2.7% in the third quarter. OLD National Bancorp IN now owns 3,159 shares of the company’s stock valued at $443,000 after purchasing an additional 82 shares during the period. EverSource Wealth Advisors LLC grew its stake in shares of Bright Horizons Family Solutions by 6.0% in the second quarter. EverSource Wealth Advisors LLC now owns 2,097 shares of the company’s stock valued at $252,000 after buying an additional 119 shares in the last quarter. MJP Associates Inc. ADV lifted its position in shares of Bright Horizons Family Solutions by 7.0% during the second quarter. MJP Associates Inc. ADV now owns 2,390 shares of the company’s stock worth $263,000 after purchasing an additional 157 shares in the last quarter. Daiwa Securities Group Inc. lifted its holdings in Bright Horizons Family Solutions by 73.3% in the 2nd 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 stake 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 acquiring 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.