Bright Horizons Family Solutions (NYSE:BFAM) Price Target Raised to $149.00 at JPMorgan Chase & Co.

Bright Horizons Family Solutions (NYSE:BFAM) had its target price increased by JPMorgan Chase & Co. from $137.00 to $149.00 in a research report released on Tuesday,Benzinga reports. The firm currently has an overweight rating on the stock.

A number of other research analysts also recently commented on BFAM. Morgan Stanley upped their price objective on Bright Horizons Family Solutions from $100.00 to $108.00 and gave the stock an “underweight” rating in a research note on Tuesday. BMO Capital Markets increased their price target on Bright Horizons Family Solutions from $104.00 to $122.00 and gave the stock a “market perform” rating in a research note on Friday, August 2nd. Deutsche Bank Aktiengesellschaft increased their price target on Bright Horizons Family Solutions from $114.00 to $140.00 and gave the stock a “hold” rating in a research note on Friday, August 2nd. Robert W. Baird increased their price target on Bright Horizons Family Solutions from $131.00 to $140.00 and gave the stock a “neutral” rating in a research note on Tuesday. Finally, The Goldman Sachs Group increased their price target on Bright Horizons Family Solutions from $125.00 to $142.00 and gave the stock a “buy” rating in a research note on Friday, August 2nd. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $141.13.

Bright Horizons Family Solutions Price Performance

Shares of BFAM opened at $116.04 on Tuesday. The company has a market cap of $6.73 billion, a P/E ratio of 58.31 and a beta of 1.49. The stock has a fifty day moving average price of $134.48 and a 200 day moving average price of $122.27. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.56 and a quick ratio of 0.56. Bright Horizons Family Solutions has a 12 month low of $80.29 and a 12 month high of $141.90.

Bright Horizons Family Solutions (NYSE:BFAM) last issued its quarterly earnings data on Monday, November 4th. The company reported $1.11 EPS for the quarter, topping analysts’ consensus estimates of $1.06 by $0.05. The firm had revenue of $719.00 million during the quarter, compared to the consensus estimate of $713.16 million. Bright Horizons Family Solutions had a return on equity of 13.65% and a net margin of 4.44%. The firm’s revenue was up 11.3% on a year-over-year basis. During the same period in the prior year, the business earned $0.78 EPS. On average, research analysts forecast that Bright Horizons Family Solutions will post 2.98 earnings per share for the current year.

Insider Activity

In other news, COO Mary Lou Burke sold 800 shares of the company’s stock in a transaction on Monday, October 7th. The stock was sold at an average price of $136.94, for a total value of $109,552.00. Following the completion of the sale, the chief operating officer now owns 31,025 shares in the company, valued at $4,248,563.50. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders own 1.22% of the company’s stock.

Institutional Investors Weigh In On Bright Horizons Family Solutions

Several hedge funds have recently modified their holdings of BFAM. Lord Abbett & CO. LLC purchased a new stake in Bright Horizons Family Solutions in the 1st quarter worth about $64,735,000. CANADA LIFE ASSURANCE Co lifted its stake in Bright Horizons Family Solutions by 141.6% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 14,784 shares of the company’s stock worth $1,676,000 after acquiring an additional 8,666 shares in the last quarter. M&G Plc purchased a new stake in Bright Horizons Family Solutions in the 1st quarter worth about $27,467,000. Bayesian Capital Management LP purchased a new stake in Bright Horizons Family Solutions in the 1st quarter worth about $981,000. Finally, Dimensional Fund Advisors LP lifted its stake in Bright Horizons Family Solutions by 7.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 784,896 shares of the company’s stock worth $86,395,000 after acquiring an additional 51,024 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.