Shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM) have been assigned an average rating of “Buy” from the eight analysts that are covering the stock, Marketbeat.com reports. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $85.60.

Several brokerages have issued reports on BFAM. BidaskClub downgraded Bright Horizons Family Solutions from a “buy” rating to a “hold” rating in a research report on Wednesday, July 12th. Zacks Investment Research upgraded Bright Horizons Family Solutions from a “hold” rating to a “buy” rating and set a $90.00 price objective for the company in a research report on Tuesday, May 9th. Citigroup Inc. reiterated a “buy” rating and issued a $92.00 price objective (up previously from $90.00) on shares of Bright Horizons Family Solutions in a research report on Thursday, August 3rd. BMO Capital Markets reiterated a “market perform” rating and issued a $85.00 price objective (up previously from $83.00) on shares of Bright Horizons Family Solutions in a research report on Thursday, August 3rd. Finally, Credit Suisse Group cut Bright Horizons Family Solutions from an “outperform” rating to a “neutral” rating and lifted their target price for the company from $80.00 to $83.00 in a research note on Friday, May 12th. They noted that the move was a valuation call.

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In other Bright Horizons Family Solutions news, COO Mary Lou Burke sold 1,000 shares of Bright Horizons Family Solutions stock in a transaction dated Wednesday, July 19th. The stock was sold at an average price of $79.98, for a total transaction of $79,980.00. Following the transaction, the chief operating officer now directly owns 32,266 shares in the company, valued at $2,580,634.68. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Mary Ann Tocio sold 6,666 shares of Bright Horizons Family Solutions stock in a transaction dated Tuesday, August 8th. The stock was sold at an average price of $79.11, for a total value of $527,347.26. Following the transaction, the director now owns 67,284 shares in the company, valued at $5,322,837.24. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 41,697 shares of company stock valued at $3,230,288. 2.90% of the stock is owned by insiders.

Several hedge funds have recently modified their holdings of the stock. BlackRock Inc. raised its stake in shares of Bright Horizons Family Solutions by 73,144.9% in the first quarter. BlackRock Inc. now owns 2,743,023 shares of the company’s stock worth $198,843,000 after buying an additional 2,739,278 shares during the period. JPMorgan Chase & Co. increased its position in shares of Bright Horizons Family Solutions by 3,798.6% in the second quarter. JPMorgan Chase & Co. now owns 692,158 shares of the company’s stock worth $53,441,000 after buying an additional 674,404 shares during the period. Neuberger Berman Group LLC increased its position in shares of Bright Horizons Family Solutions by 108.4% in the second quarter. Neuberger Berman Group LLC now owns 1,153,425 shares of the company’s stock worth $89,056,000 after buying an additional 599,907 shares during the period. Mackenzie Financial Corp acquired a new position in shares of Bright Horizons Family Solutions during the first quarter worth $32,736,000. Finally, Vanguard Group Inc. increased its position in shares of Bright Horizons Family Solutions by 11.8% in the second quarter. Vanguard Group Inc. now owns 3,888,575 shares of the company’s stock worth $300,237,000 after buying an additional 410,335 shares during the period.

Bright Horizons Family Solutions (NYSE BFAM) traded up 0.46% during trading on Tuesday, reaching $79.42. 116,228 shares of the company were exchanged. The stock has a market capitalization of $4.70 billion, a PE ratio of 42.38 and a beta of 0.12. The firm’s 50 day moving average is $78.97 and its 200 day moving average is $75.04. Bright Horizons Family Solutions has a 52-week low of $59.00 and a 52-week high of $82.00.

Bright Horizons Family Solutions (NYSE:BFAM) last issued its quarterly earnings data on Tuesday, August 1st. The company reported $0.70 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.67 by $0.03. Bright Horizons Family Solutions had a return on equity of 19.19% and a net margin of 6.91%. The firm had revenue of $445.55 million during the quarter, compared to the consensus estimate of $443.90 million. During the same quarter in the previous year, the company posted $0.61 EPS. The business’s revenue for the quarter was up 10.8% compared to the same quarter last year. Analysts expect that Bright Horizons Family Solutions will post $2.64 EPS for the current year.

Bright Horizons Family Solutions Company Profile

Bright Horizons Family Solutions Inc is a provider of child care, early education and other services. The Company provides services under multi-year contracts with employers offering child care and other dependent care solutions as part of their employee benefits packages. Its segments include full service center-based care services, back-up dependent care services and other educational advisory services.

Analyst Recommendations for Bright Horizons Family Solutions (NYSE:BFAM)

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