Bright Horizons Family Solutions (NYSE:BFAM) Price Target Raised to $119.00 at JPMorgan Chase & Co.

Bright Horizons Family Solutions (NYSE:BFAM) had its price target upped by JPMorgan Chase & Co. from $107.00 to $119.00 in a research note issued to investors on Friday, Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the stock.

Several other equities analysts have also commented on the stock. BMO Capital Markets increased their price objective on shares of Bright Horizons Family Solutions from $102.00 to $104.00 and gave the company a market perform rating in a research report on Friday. The Goldman Sachs Group increased their price target on shares of Bright Horizons Family Solutions from $108.00 to $123.00 and gave the company a buy rating in a report on Wednesday, April 10th. UBS Group dropped their price target on Bright Horizons Family Solutions from $103.00 to $102.00 and set a neutral rating for the company in a research report on Wednesday, February 14th. Barclays upgraded Bright Horizons Family Solutions from an equal weight rating to an overweight rating and upped their price objective for the company from $100.00 to $125.00 in a research report on Wednesday, February 28th. Finally, StockNews.com lowered Bright Horizons Family Solutions from a hold rating to a sell rating in a research note on Wednesday, February 21st. One research analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company. According to MarketBeat.com, Bright Horizons Family Solutions presently has a consensus rating of Hold and an average price target of $106.63.

Bright Horizons Family Solutions Stock Up 3.0 %

Shares of BFAM stock opened at $114.52 on Friday. The company’s fifty day simple moving average is $111.25 and its two-hundred day simple moving average is $99.20. Bright Horizons Family Solutions has a 52 week low of $71.65 and a 52 week high of $119.21. The stock has a market cap of $6.64 billion, a P/E ratio of 80.65, a PEG ratio of 4.28 and a beta of 1.38. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 0.78.

Bright Horizons Family Solutions (NYSE:BFAM) last released its quarterly earnings data on Tuesday, February 13th. The company reported $0.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.62 by $0.12. The business had revenue of $615.65 million for the quarter, compared to the consensus estimate of $588.63 million. Bright Horizons Family Solutions had a return on equity of 12.14% and a net margin of 3.34%. Analysts predict that Bright Horizons Family Solutions will post 2.69 EPS for the current fiscal year.

Insider Activity

In related news, CFO Elizabeth J. Boland sold 15,640 shares of the firm’s stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $113.77, for a total transaction of $1,779,362.80. Following the completion of the sale, the chief financial officer now directly owns 89,983 shares of the company’s stock, valued at approximately $10,237,365.91. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 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 Bright Horizons Family Solutions stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $105.00, for a total value of $157,500.00. Following the sale, the chief operating officer now owns 37,253 shares of the company’s stock, valued at $3,911,565. The disclosure for this sale can be found here. Insiders own 1.28% of the company’s stock.

Institutional Investors Weigh In On Bright Horizons Family Solutions

Large investors have recently added to or reduced their stakes in the stock. Riverview Trust Co bought a new stake in shares of Bright Horizons Family Solutions during the first quarter valued at approximately $25,000. YHB Investment Advisors Inc. purchased a new position in Bright Horizons Family Solutions during the 1st quarter worth $40,000. Principal Securities Inc. bought a new stake in Bright Horizons Family Solutions during the 4th quarter valued at $38,000. Signaturefd LLC lifted its holdings in shares of Bright Horizons Family Solutions by 102.2% in the 3rd quarter. Signaturefd LLC now owns 653 shares of the company’s stock worth $53,000 after buying an additional 330 shares during the period. Finally, Eagle Bay Advisors LLC grew its position in shares of Bright Horizons Family Solutions by 120.2% during the 4th quarter. Eagle Bay Advisors LLC now owns 1,240 shares of the company’s stock worth $117,000 after buying an additional 677 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.