Bright Horizons Family Solutions Inc. (NYSE:BFAM) Stock Has Consensus Target Price of $79.50 According to Brokerages

Bright Horizons Family Solutions Inc. (NYSE:BFAM) has received an average recommendation of “Hold” from the ten research firms that are presently covering the company, MarketBeat.com reports. Two analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $79.50.

A number of research analysts recently issued reports on BFAM shares. BMO Capital Markets reiterated an “outperform” rating and set a $75.00 price objective on shares of Bright Horizons Family Solutions in a report on Friday, October 30th. Morgan Stanley reduced their price target on Bright Horizons Family Solutions from $64.00 to $57.00 and set an “underweight” rating for the company in a research report on Friday, October 30th. The Goldman Sachs Group decreased their price target on shares of Bright Horizons Family Solutions from $93.00 to $80.00 and set a “buy” rating for the company in a research note on Friday, October 30th. UBS Group decreased their price target on shares of Bright Horizons Family Solutions from $78.00 to $75.00 and set a “neutral” rating for the company in a research note on Friday, October 30th. Finally, Robert W. Baird cut shares of Bright Horizons Family Solutions from an “outperform” rating to a “neutral” rating and cut their price target for the stock from $98.00 to $65.00 in a research report on Friday, October 30th.

Bright Horizons Family Solutions Stock Up 0.5%

NYSE BFAM opened at $52.02 on Monday. The stock has a market capitalization of $2.49 billion, a P/E ratio of 11.20, a price-to-earnings-growth ratio of 0.87 and a beta of 1.13. Bright Horizons Family Solutions has a 52 week low of $50.58 and a 52 week high of $105.75. The company has a debt-to-equity ratio of 1.68, a quick ratio of 0.45 and a current ratio of 0.45. The stock has a fifty day moving average of $65.10 and a 200-day moving average of $72.60.

Bright Horizons Family Solutions (NYSE:BFAM) last posted its quarterly earnings results on Thursday, October 29th. The company reported $1.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.76 by $0.04. Bright Horizons Family Solutions had a positive return on equity of 23.72% and a negative net margin of 4.38%. The business had revenue of $841.47 million for the quarter, compared to analyst estimates of $842.69 million. During the same period last year, the company earned $1.57 EPS. The firm’s revenue was up 4.8% on a year-over-year basis. On average, equities research analysts forecast that Bright Horizons Family Solutions will post 4.59 EPS for the current year.

Insider Transactions at Bright Horizons Family Solutions

In related news, COO Mary Burke sold 1,200 shares of the company’s stock in a transaction dated Tuesday, September 1st. The stock was sold at an average price of $75.00, for a total transaction of $90,000.00. Following the sale, the chief operating officer owned 30,945 shares in the company, valued at approximately $2,320,875. This represents a 3.73% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Mary Tocio sold 6,000 shares of the stock in a transaction that occurred on Wednesday, September 2nd. The shares were sold at an average price of $72.65, for a total value of $435,900.00. Following the transaction, the director directly owned 14,329 shares of the company’s stock, valued at $1,041,001.85. This trade represents a 29.51% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 1.42% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of BFAM. Focus Advisor Solutions LLC boosted its position in Bright Horizons Family Solutions by 123.4% during the third quarter. Focus Advisor Solutions LLC now owns 11,954 shares of the company’s stock worth $762,000 after purchasing an additional 6,603 shares during the period. Boston Partners increased its holdings in shares of Bright Horizons Family Solutions by 46.4% in the third quarter. Boston Partners now owns 35,088 shares of the company’s stock valued at $2,236,000 after purchasing an additional 11,114 shares during the last quarter. Stephens Investment Management Group LLC raised its position in shares of Bright Horizons Family Solutions by 5.3% in the third quarter. Stephens Investment Management Group LLC now owns 628,051 shares of the company’s stock valued at $40,019,000 after purchasing an additional 31,398 shares during the period. Voya Investment Management LLC raised its position in shares of Bright Horizons Family Solutions by 6.1% in the third quarter. Voya Investment Management LLC now owns 4,255 shares of the company’s stock valued at $271,000 after purchasing an additional 245 shares during the period. Finally, Edgestream Partners L.P. acquired a new stake in shares of Bright Horizons Family Solutions during the 3rd quarter worth about $961,000.

About Bright Horizons Family Solutions

Bright Horizons Family Solutions provides early education and child care, back-up care, and other services that help employers support employees’ family and education needs. Its offerings include center-based child care and preschool, care for children and adults when regular arrangements are unavailable, and education-related programs for employers. Founded in 1986, the company works with employers and families through a network of early education and care centers and employer-sponsored programs.