Bright Horizons Family Solutions (NYSE:BFAM) Price Target Cut to $102.00 by Analysts at Morgan Stanley

Bright Horizons Family Solutions (NYSE:BFAM) had its target price cut by Morgan Stanley from $108.00 to $102.00 in a report published on Thursday,Benzinga reports. They currently have an underweight rating on the stock.

Several other equities analysts have also weighed in on BFAM. Robert W. Baird upgraded shares of Bright Horizons Family Solutions from a “neutral” rating to an “outperform” rating and set a $140.00 target price on the stock in a report on Friday, November 22nd. Baird R W raised Bright Horizons Family Solutions from a “hold” rating to a “strong-buy” rating in a research note on Friday, November 22nd. UBS Group upped their price target on Bright Horizons Family Solutions from $145.00 to $148.00 and gave the company a “neutral” rating in a research note on Tuesday, November 5th. JPMorgan Chase & Co. raised their price objective on Bright Horizons Family Solutions from $137.00 to $149.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 5th. Finally, Barclays increased their target price on shares of Bright Horizons Family Solutions from $125.00 to $160.00 and gave the stock an “overweight” rating in a research note on Friday, August 30th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $140.75.

Bright Horizons Family Solutions Trading Down 1.7 %

Shares of Bright Horizons Family Solutions stock opened at $110.21 on Thursday. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.61 and a quick ratio of 0.61. The stock’s 50 day simple moving average is $121.82 and its 200-day simple moving average is $122.77. The stock has a market cap of $6.41 billion, a P/E ratio of 55.38 and a beta of 1.43. Bright Horizons Family Solutions has a 1-year low of $87.82 and a 1-year high of $141.90.

Bright Horizons Family Solutions (NYSE:BFAM) last issued its earnings results on Monday, November 4th. The company reported $1.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.06 by $0.05. The business 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 13.23% and a net margin of 4.44%. The company’s revenue for the quarter was up 11.3% on a year-over-year basis. During the same period last year, the company earned $0.78 EPS. Analysts predict that Bright Horizons Family Solutions will post 3.01 EPS for the current fiscal year.

Insider Buying and Selling

In other Bright Horizons Family Solutions news, COO Mary Lou Burke sold 800 shares of the company’s stock in a transaction dated Monday, October 7th. The stock was sold at an average price of $136.94, for a total transaction of $109,552.00. Following the sale, the chief operating officer now owns 31,025 shares in the company, valued at $4,248,563.50. This represents a 2.51 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Mary Ann Tocio sold 5,000 shares of Bright Horizons Family Solutions stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $114.71, for a total value of $573,550.00. Following the completion of the transaction, the director now owns 25,257 shares of the company’s stock, valued at $2,897,230.47. The trade was a 16.53 % decrease in their position. The disclosure for this sale can be found here. 1.22% of the stock is owned by insiders.

Institutional Investors Weigh In On Bright Horizons Family Solutions

A number of hedge funds and other institutional investors have recently modified their holdings of BFAM. Massachusetts Financial Services Co. MA increased its holdings in Bright Horizons Family Solutions by 15.4% in the third quarter. Massachusetts Financial Services Co. MA now owns 3,181,050 shares of the company’s stock valued at $445,761,000 after buying an additional 423,456 shares during the last quarter. Millennium Management LLC acquired a new position in shares of Bright Horizons Family Solutions during the 2nd quarter worth about $28,995,000. Point72 Asset Management L.P. increased its holdings in shares of Bright Horizons Family Solutions by 64.1% in the 2nd quarter. Point72 Asset Management L.P. now owns 570,423 shares of the company’s stock valued at $62,792,000 after acquiring an additional 222,823 shares during the last quarter. Allspring Global Investments Holdings LLC raised its position in shares of Bright Horizons Family Solutions by 174.0% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 344,397 shares of the company’s stock worth $48,260,000 after acquiring an additional 218,707 shares in the last quarter. Finally, TimesSquare Capital Management LLC acquired a new stake in shares of Bright Horizons Family Solutions during the 3rd quarter worth about $13,639,000.

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.