Citigroup Initiates “Buy” Rating for Bright Horizons Family (NYSE:BFAM) With a $90 Price Target

July 18, 2017 - By Maria Brooks

 Citigroup Initiates

Investors sentiment increased to 1.16 in 2016 Q4. Its up 0.28, from 0.88 in 2016Q3. It increased, as 12 investors sold Bright Horizons Family Solutions Inc shares while 73 reduced holdings. 31 funds opened positions while 68 raised stakes. 57.43 million shares or 1.24% less from 58.16 million shares in 2016Q3 were reported.

Panagora Asset stated it has 0.03% of its portfolio in Bright Horizons Family Solutions Inc (NYSE:BFAM). Barclays Public Limited Liability Company has invested 0.02% of its portfolio in Bright Horizons Family Solutions Inc (NYSE:BFAM). Goldman Sachs Gp holds 0% of its portfolio in Bright Horizons Family Solutions Inc (NYSE:BFAM) for 82,323 shares. Strategic Global Advsr Limited Liability has 6,678 shares. Granahan Inv Management Inc Ma reported 185,406 shares. Insight Capital Management holds 0.83% of its portfolio in Bright Horizons Family Solutions Inc (NYSE:BFAM) for 22,243 shares. 57,197 are owned by Tygh Cap Management. Neuberger Berman Grp Inc stated it has 0.03% in Bright Horizons Family Solutions Inc (NYSE:BFAM). Bamco reported 4.69M shares. Mount Lucas Management L P invested 0.04% of its portfolio in Bright Horizons Family Solutions Inc (NYSE:BFAM). Next Financial Grp Inc reported 0% stake. 418,319 are held by Nationwide Fund Advisors. 577,320 were accumulated by Frontier Mngmt Ltd Liability Co. Peak6 Invs Lp stated it has 0% in Bright Horizons Family Solutions Inc (NYSE:BFAM). Parametrica owns 5,877 shares or 0.41% of their US portfolio.

Why Has Citigroup Given Bright Horizons Family (NYSE:BFAM) a $90 Price Target

Analysts at Citigroup began coverage on shares of Bright Horizons Family (NYSE:BFAM) in analysts note sent to investors on Tuesday morning. The financial firm set “Buy” rating on the $4.66B market cap company.

Investors sentiment increased to 1.16 in 2016 Q4. Its up 0.28, from 0.88 in 2016Q3. It increased, as 12 investors sold Bright Horizons Family Solutions Inc shares while 73 reduced holdings. 31 funds opened positions while 68 raised stakes. 57.43 million shares or 1.24% less from 58.16 million shares in 2016Q3 were reported.

Panagora Asset stated it has 0.03% of its portfolio in Bright Horizons Family Solutions Inc (NYSE:BFAM). Barclays Public Limited Liability Company has invested 0.02% of its portfolio in Bright Horizons Family Solutions Inc (NYSE:BFAM). Goldman Sachs Gp holds 0% of its portfolio in Bright Horizons Family Solutions Inc (NYSE:BFAM) for 82,323 shares. Strategic Global Advsr Limited Liability has 6,678 shares. Granahan Inv Management Inc Ma reported 185,406 shares. Insight Capital Management holds 0.83% of its portfolio in Bright Horizons Family Solutions Inc (NYSE:BFAM) for 22,243 shares. 57,197 are owned by Tygh Cap Management. Neuberger Berman Grp Inc stated it has 0.03% in Bright Horizons Family Solutions Inc (NYSE:BFAM). Bamco reported 4.69M shares. Mount Lucas Management L P invested 0.04% of its portfolio in Bright Horizons Family Solutions Inc (NYSE:BFAM). Next Financial Grp Inc reported 0% stake. 418,319 are held by Nationwide Fund Advisors. 577,320 were accumulated by Frontier Mngmt Ltd Liability Co. Peak6 Invs Lp stated it has 0% in Bright Horizons Family Solutions Inc (NYSE:BFAM). Parametrica owns 5,877 shares or 0.41% of their US portfolio.

Bright Horizons Family Solutions Inc (NYSE:BFAM) Ratings Coverage

Among 7 analysts covering Bright Horizons (NYSE:BFAM), 4 have Buy rating, 0 Sell and 3 Hold. Therefore 57% are positive. Bright Horizons has $90 highest and $59 lowest target. $74.40’s average target is -4.19% below currents $77.65 stock price. Bright Horizons had 13 analyst reports since August 5, 2015 according to SRatingsIntel. The stock has “Outperform” rating by RBC Capital Markets on Wednesday, August 5. On Wednesday, November 2 the stock rating was downgraded by William Blair to “Market Weight”. The stock has “Neutral” rating by Credit Suisse on Friday, May 12. The rating was maintained by RBC Capital Markets with “Outperform” on Tuesday, February 9. The company was downgraded on Friday, February 10 by William Blair. The company was reinitiated on Wednesday, February 3 by Credit Suisse. As per Monday, November 9, the company rating was maintained by RBC Capital Markets. Barclays Capital maintained it with “Overweight” rating and $75 target in Wednesday, November 25 report. JP Morgan upgraded Bright Horizons Family Solutions Inc (NYSE:BFAM) on Monday, August 15 to “Overweight” rating.

The stock increased 0.05% or $0.04 on July 17, reaching $77.65. About shares traded. Bright Horizons Family Solutions Inc (NYSE:BFAM) has risen 18.19% since July 18, 2016 and is uptrending. It has outperformed by 1.49% the S&P500.

Bright Horizons Family Solutions Inc. is a well-known provider of child care, early education and other services. The company has market cap of $4.66 billion. The Firm provides services under multi-year contracts with employers offering child care and other dependent care solutions as part of their employee benefits packages. It has a 42.55 P/E ratio. The Company’s divisions include full service center care services, back-up dependent care services and other educational advisory services.

More notable recent Bright Horizons Family Solutions Inc (NYSE:BFAM) news were published by: Prnewswire.com which released: “Bright Horizons Acquires Asquith Day Nurseries & Pre-Schools, Unites UK …” on November 10, 2016, also Seekingalpha.com with their article: “Bright Horizons Family Solutions (BFAM) Q1 2017 Results – Earnings Call Transcript” published on May 05, 2017, Seekingalpha.com published: “Bright Horizons Family Solutions (BFAM) Q4 2016 Results – Earnings Call Transcript” on February 10, 2017. More interesting news about Bright Horizons Family Solutions Inc (NYSE:BFAM) were released by: Zacks.com and their article: “Why Bright Horizons Family Solutions (BFAM) Could Be an Impressive Growth …” published on March 07, 2017 as well as Bostonglobe.com‘s news article titled: “Bright Horizons Family Solutions tops the list of largest companies” with publication date: November 17, 2016.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.