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

Bright Horizons Family Solutions (NYSE:BFAM) had its price target upped by BMO Capital Markets from $127.00 to $146.00 in a report released on Tuesday,Benzinga reports. The brokerage currently has an outperform rating on the stock.

A number of other brokerages also recently commented on BFAM. Robert W. Baird upgraded shares of Bright Horizons Family Solutions from a “neutral” rating to an “outperform” rating and set a $140.00 target price for the company in a report on Friday, November 22nd. StockNews.com upgraded shares of Bright Horizons Family Solutions from a “sell” rating to a “hold” rating in a report on Friday, February 14th. Jefferies Financial Group reduced their target price on shares of Bright Horizons Family Solutions from $155.00 to $132.00 and set a “buy” rating for the company in a report on Thursday, January 23rd. JPMorgan Chase & Co. boosted their target price on shares of Bright Horizons Family Solutions from $137.00 to $149.00 and gave the stock an “overweight” rating in a report on Tuesday, November 5th. Finally, The Goldman Sachs Group reduced their target price on shares of Bright Horizons Family Solutions from $162.00 to $142.00 and set a “buy” rating for the company in a report on Friday, December 27th. One analyst has rated the stock with a sell rating, three have given 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.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $137.67.

Bright Horizons Family Solutions Stock Down 0.9 %

NYSE:BFAM opened at $129.16 on Tuesday. Bright Horizons Family Solutions has a 1-year low of $100.59 and a 1-year high of $141.90. The company has a 50-day moving average of $116.58 and a 200 day moving average of $124.71. The firm has a market cap of $7.51 billion, a PE ratio of 53.82 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 (NYSE:BFAM) last released its quarterly earnings data 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 13.63% and a net margin of 5.22%. As a group, research analysts anticipate that Bright Horizons Family Solutions will post 3.49 EPS for the current fiscal year.

Insider Activity

In related news, Director Mary Ann Tocio sold 5,000 shares of the stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $114.71, for a total value of $573,550.00. Following the transaction, the director now owns 25,257 shares in the company, valued at approximately $2,897,230.47. This represents a 16.53 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 1.22% of the company’s stock.

Hedge Funds Weigh In On Bright Horizons Family Solutions

Several hedge funds and other institutional investors have recently bought and sold shares of BFAM. Versant Capital Management Inc acquired a new position in Bright Horizons Family Solutions in the 4th quarter worth approximately $25,000. Raleigh Capital Management Inc. acquired a new position in Bright Horizons Family Solutions in the 3rd quarter worth approximately $29,000. Atala Financial Inc acquired a new position in Bright Horizons Family Solutions in the 4th quarter worth approximately $32,000. V Square Quantitative Management LLC purchased a new stake in Bright Horizons Family Solutions in the 3rd quarter worth approximately $35,000. Finally, Tortoise Investment Management LLC boosted its position in Bright Horizons Family Solutions by 76.7% in the 4th quarter. Tortoise Investment Management LLC now owns 417 shares of the company’s stock worth $46,000 after purchasing an additional 181 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.