BMO Capital Markets Raises Bright Horizons Family Solutions (NYSE:BFAM) Price Target to $152.00

Bright Horizons Family Solutions (NYSE:BFAM) had its price target increased by BMO Capital Markets to $152.00 in a research report report published on Wednesday morning, The Fly reports. BMO Capital Markets currently has a market perform rating on the stock.

BFAM has been the subject of several other reports. ValuEngine downgraded Zumiez from a hold rating to a sell rating in a research note on Tuesday, July 2nd. Goldman Sachs Group set a €6.20 ($7.21) target price on Kloeckner & Co SE and gave the company a buy rating in a research note on Thursday, June 20th. Finally, Zacks Investment Research downgraded EXACT Sciences from a hold rating to a sell rating in a research note on Tuesday, July 2nd. Five investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of Buy and an average target price of $131.29.

Shares of Bright Horizons Family Solutions stock opened at $153.09 on Wednesday. The firm’s 50-day simple moving average is $144.18. The company has a quick ratio of 0.36, a current ratio of 0.36 and a debt-to-equity ratio of 1.24. The firm has a market capitalization of $8.89 billion, a P/E ratio of 50.52, a PEG ratio of 4.26 and a beta of 0.31. Bright Horizons Family Solutions has a 1-year low of $105.15 and a 1-year high of $155.00.

Bright Horizons Family Solutions (NYSE:BFAM) last announced its earnings results on Tuesday, April 30th. The company reported $0.81 earnings per share for the quarter, beating the consensus estimate of $0.79 by $0.02. The company had revenue of $501.76 million during the quarter, compared to the consensus estimate of $497.24 million. Bright Horizons Family Solutions had a return on equity of 23.38% and a net margin of 8.38%. The company’s revenue was up 8.2% on a year-over-year basis. During the same period last year, the firm earned $0.72 earnings per share. As a group, sell-side analysts expect that Bright Horizons Family Solutions will post 3.39 earnings per share for the current year.

In related news, CFO Elizabeth J. Boland sold 5,000 shares of Bright Horizons Family Solutions stock in a transaction dated Tuesday, June 25th. The stock was sold at an average price of $149.47, for a total value of $747,350.00. Following the completion of the transaction, the chief financial officer now directly owns 125,117 shares in the company, valued at $18,701,237.99. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Stephen I. Dreier sold 6,500 shares of Bright Horizons Family Solutions stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $151.84, for a total value of $986,960.00. Following the completion of the transaction, the executive vice president now owns 41,023 shares of the company’s stock, valued at $6,228,932.32. The disclosure for this sale can be found here. Insiders sold 38,908 shares of company stock valued at $5,505,026 over the last quarter. Insiders own 1.90% of the company’s stock.

A number of large investors have recently bought and sold shares of the stock. Quantamental Technologies LLC boosted its stake in Bright Horizons Family Solutions by 6.2% in the first quarter. Quantamental Technologies LLC now owns 1,709 shares of the company’s stock valued at $217,000 after acquiring an additional 100 shares during the period. Security Asset Management boosted its stake in Bright Horizons Family Solutions by 0.7% in the first quarter. Security Asset Management now owns 14,640 shares of the company’s stock valued at $1,861,000 after acquiring an additional 100 shares during the period. Zions Bancorporation N.A. boosted its stake in Bright Horizons Family Solutions by 6.0% in the second quarter. Zions Bancorporation N.A. now owns 2,186 shares of the company’s stock valued at $330,000 after acquiring an additional 124 shares during the period. Massmutual Trust Co. FSB ADV boosted its stake in Bright Horizons Family Solutions by 0.9% in the fourth quarter. Massmutual Trust Co. FSB ADV now owns 18,167 shares of the company’s stock valued at $2,025,000 after acquiring an additional 167 shares during the period. Finally, Nomura Asset Management Co. Ltd. boosted its stake in Bright Horizons Family Solutions by 1.3% in the first quarter. Nomura Asset Management Co. Ltd. now owns 13,570 shares of the company’s stock valued at $1,725,000 after acquiring an additional 170 shares during the period. Institutional investors and hedge funds own 97.29% of the company’s stock.

Bright Horizons Family Solutions Company Profile

Bright Horizons Family Solutions Inc provides child care and early education, back-up care, and educational advisory services for employers and families. The company operates through three segments: Full Service Center-Based Child Care, Back-Up Care, and Educational Advisory Services. The Full Service Center-Based Child Care segment offers traditional center-based child care, preschool, and elementary education services.

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The Fly

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

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