Bright Horizons Family Solutions (NYSE:BFAM) Price Target Increased to $123.00 by Analysts at The Goldman Sachs Group

Bright Horizons Family Solutions (NYSE:BFAM) had its price target hoisted by investment analysts at The Goldman Sachs Group from $108.00 to $123.00 in a report released on Wednesday, Benzinga reports. The firm presently has a “buy” rating on the stock. The Goldman Sachs Group’s price target would suggest a potential upside of 10.20% from the company’s current price.

Several other analysts have also recently issued reports on the company. Barclays raised Bright Horizons Family Solutions from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $100.00 to $125.00 in a report on Wednesday, February 28th. BMO Capital Markets increased their price target on Bright Horizons Family Solutions from $90.00 to $92.00 and gave the company a “market perform” rating in a report on Thursday, February 15th. StockNews.com lowered Bright Horizons Family Solutions from a “hold” rating to a “sell” rating in a report on Wednesday, February 21st. UBS Group decreased their price target on Bright Horizons Family Solutions from $103.00 to $102.00 and set a “neutral” rating on the stock in a report on Wednesday, February 14th. Finally, JPMorgan Chase & Co. increased their price target on Bright Horizons Family Solutions from $93.00 to $107.00 and gave the company an “overweight” rating in a report on Wednesday, February 14th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $102.38.

Bright Horizons Family Solutions Stock Up 0.2 %

Shares of BFAM opened at $111.62 on Wednesday. The stock has a market capitalization of $6.47 billion, a price-to-earnings ratio of 87.89, a price-to-earnings-growth ratio of 4.33 and a beta of 1.37. Bright Horizons Family Solutions has a 1 year low of $71.65 and a 1 year high of $119.21. The business’s 50 day simple moving average is $110.35 and its 200-day simple moving average is $96.02. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.56 and a quick ratio of 0.56.

Bright Horizons Family Solutions (NYSE:BFAM) last issued its quarterly earnings data on Tuesday, February 13th. The company reported $0.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.62 by $0.12. The business had revenue of $615.65 million for the quarter, compared to analysts’ expectations of $588.63 million. Bright Horizons Family Solutions had a return on equity of 12.24% and a net margin of 3.07%. As a group, equities analysts expect that Bright Horizons Family Solutions will post 2.69 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Bright Horizons Family Solutions news, CFO Elizabeth J. Boland sold 15,640 shares of the stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $113.77, for a total value of $1,779,362.80. Following the sale, the chief financial officer now owns 89,983 shares in the company, valued at $10,237,365.91. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other Bright Horizons Family Solutions news, CFO Elizabeth J. Boland sold 15,640 shares of the stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $113.77, for a total value of $1,779,362.80. Following the sale, the chief financial officer now owns 89,983 shares in the company, valued at $10,237,365.91. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, COO Mary Lou Burke sold 1,500 shares of the firm’s stock in a transaction on Wednesday, February 14th. The shares were sold at an average price of $105.00, for a total value of $157,500.00. Following the transaction, the chief operating officer now owns 37,253 shares in the company, valued at approximately $3,911,565. The disclosure for this sale can be found here. Insiders have sold a total of 17,740 shares of company stock worth $1,996,191 over the last quarter. Company insiders own 1.28% of the company’s stock.

Hedge Funds Weigh In On Bright Horizons Family Solutions

Institutional investors have recently made changes to their positions in the company. Westfield Capital Management Co. LP increased its stake in shares of Bright Horizons Family Solutions by 17.8% during the third quarter. Westfield Capital Management Co. LP now owns 646,208 shares of the company’s stock valued at $52,640,000 after buying an additional 97,548 shares during the period. Comerica Bank purchased a new position in shares of Bright Horizons Family Solutions during the third quarter valued at $10,590,000. Nordea Investment Management AB increased its stake in shares of Bright Horizons Family Solutions by 12.5% during the third quarter. Nordea Investment Management AB now owns 154,138 shares of the company’s stock valued at $12,598,000 after buying an additional 17,082 shares during the period. International Assets Investment Management LLC bought a new stake in Bright Horizons Family Solutions during the fourth quarter valued at about $54,890,000. Finally, Treasurer of the State of North Carolina boosted its position in Bright Horizons Family Solutions by 0.5% during the third quarter. Treasurer of the State of North Carolina now owns 25,220 shares of the company’s stock valued at $2,054,000 after purchasing an additional 130 shares in the last quarter.

About Bright Horizons Family Solutions

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.