Bright Horizons Family Solutions (NYSE:BFAM) Price Target Lowered to $126.00 at BMO Capital Markets

Bright Horizons Family Solutions (NYSE:BFAMGet Rating) had its price objective cut by BMO Capital Markets from $148.00 to $126.00 in a research report issued to clients and investors on Wednesday, The Fly reports. BMO Capital Markets’ price target suggests a potential upside of 15.49% from the stock’s current price.

Several other brokerages have also recently issued reports on BFAM. Zacks Investment Research cut Bright Horizons Family Solutions from a “buy” rating to a “hold” rating in a report on Wednesday, February 23rd. Morgan Stanley dropped their target price on Bright Horizons Family Solutions from $111.00 to $109.00 and set an “underweight” rating on the stock in a report on Wednesday, January 5th. Barclays dropped their target price on Bright Horizons Family Solutions from $155.00 to $130.00 in a report on Wednesday. StockNews.com began coverage on Bright Horizons Family Solutions in a report on Thursday, March 31st. They set a “hold” rating on the stock. Finally, Citigroup dropped their target price on Bright Horizons Family Solutions from $170.00 to $155.00 in a report on Friday, February 18th. One analyst has rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $142.56.

Shares of NYSE BFAM opened at $109.10 on Wednesday. Bright Horizons Family Solutions has a 52 week low of $107.37 and a 52 week high of $171.91. The business’s 50 day moving average price is $130.45 and its 200 day moving average price is $131.65. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.83. The firm has a market cap of $6.47 billion, a P/E ratio of 94.05 and a beta of 0.97.

Bright Horizons Family Solutions (NYSE:BFAMGet Rating) last released its quarterly earnings data on Tuesday, May 3rd. The company reported $0.47 EPS for the quarter, beating the consensus estimate of $0.42 by $0.05. Bright Horizons Family Solutions had a net margin of 4.01% and a return on equity of 8.14%. The business had revenue of $460.41 million for the quarter, compared to the consensus estimate of $480.14 million. During the same period in the prior year, the firm earned $0.16 EPS. The business’s revenue for the quarter was up 17.8% on a year-over-year basis. As a group, research analysts expect that Bright Horizons Family Solutions will post 2.97 earnings per share for the current year.

In other Bright Horizons Family Solutions news, CFO Elizabeth J. Boland sold 2,846 shares of the firm’s stock in a transaction that occurred on Friday, February 4th. The stock was sold at an average price of $130.00, for a total value of $369,980.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.20% of the stock is currently owned by company insiders.

Several large investors have recently modified their holdings of the company. People s United Financial Inc. boosted its stake in shares of Bright Horizons Family Solutions by 2.0% in the third quarter. People s United Financial Inc. now owns 3,804 shares of the company’s stock worth $530,000 after acquiring an additional 73 shares during the last quarter. American Century Companies Inc. boosted its stake in shares of Bright Horizons Family Solutions by 5.5% in the third quarter. American Century Companies Inc. now owns 1,473 shares of the company’s stock worth $205,000 after acquiring an additional 77 shares during the last quarter. CWM LLC boosted its stake in shares of Bright Horizons Family Solutions by 58.0% in the first quarter. CWM LLC now owns 248 shares of the company’s stock worth $33,000 after acquiring an additional 91 shares during the last quarter. Signaturefd LLC boosted its stake in shares of Bright Horizons Family Solutions by 31.0% in the first quarter. Signaturefd LLC now owns 385 shares of the company’s stock worth $51,000 after acquiring an additional 91 shares during the last quarter. Finally, Allworth Financial LP boosted its stake in shares of Bright Horizons Family Solutions by 14.2% in the fourth quarter. Allworth Financial LP now owns 805 shares of the company’s stock worth $101,000 after acquiring an additional 100 shares during the last quarter. 98.60% of the stock is currently owned by hedge funds and other institutional investors.

Bright Horizons Family Solutions Company Profile (Get Rating)

Bright Horizons Family Solutions Inc provides early education and child care, back-up care, educational advisory, and other workplace solutions services for employers and families. The company operates through three segments: Full Service Center-Based Child Care, Back-Up Care, and Educational Advisory and Other Services.

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