Morgan Stanley Cuts Bright Horizons Family Solutions (NYSE:BFAM) Price Target to $102.00

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

A number of other brokerages also recently issued reports on BFAM. The Goldman Sachs Group lifted their price target on Bright Horizons Family Solutions from $142.00 to $162.00 and gave the stock a “buy” rating in a report on Tuesday, November 5th. Baird R W raised shares of Bright Horizons Family Solutions from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 22nd. BMO Capital Markets upgraded shares of Bright Horizons Family Solutions from a “market perform” rating to an “outperform” rating and decreased their price objective for the company from $137.00 to $125.00 in a research note on Monday, November 18th. JPMorgan Chase & Co. boosted their target price on Bright Horizons Family Solutions from $137.00 to $149.00 and gave the company an “overweight” rating in a report on Tuesday, November 5th. Finally, UBS Group lifted their price target on Bright Horizons Family Solutions from $145.00 to $148.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 5th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $140.75.

Bright Horizons Family Solutions Trading Down 0.4 %

Shares of NYSE BFAM opened at $109.72 on Thursday. The stock has a fifty day simple moving average of $121.29 and a 200-day simple moving average of $122.90. Bright Horizons Family Solutions has a twelve month low of $88.58 and a twelve month high of $141.90. The company has a current ratio of 0.61, a quick ratio of 0.61 and a debt-to-equity ratio of 0.66. The stock has a market capitalization of $6.38 billion, a PE ratio of 55.14 and a beta of 1.43.

Bright Horizons Family Solutions (NYSE:BFAM) last issued its quarterly earnings results on Monday, November 4th. The company reported $1.11 EPS for the quarter, beating the consensus estimate of $1.06 by $0.05. The company had revenue of $719.00 million during the quarter, compared to analysts’ expectations of $713.16 million. Bright Horizons Family Solutions had a net margin of 4.44% and a return on equity of 13.23%. The firm’s revenue was up 11.3% compared to the same quarter last year. During the same quarter last year, the company posted $0.78 EPS. On average, equities analysts forecast that Bright Horizons Family Solutions will post 3.01 earnings per share for the current year.

Insider Activity

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 shares were sold at an average price of $136.94, for a total value of $109,552.00. Following the sale, the chief operating officer now owns 31,025 shares of the company’s stock, valued at $4,248,563.50. This represents a 2.51 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Mary Ann Tocio sold 5,000 shares of the company’s stock in a transaction that occurred on 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 sale, the director now directly owns 25,257 shares in the company, valued at approximately $2,897,230.47. The trade was a 16.53 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.22% of the company’s stock.

Institutional Trading of Bright Horizons Family Solutions

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Raleigh Capital Management Inc. acquired a new stake in shares of Bright Horizons Family Solutions in the third quarter worth approximately $29,000. V Square Quantitative Management LLC purchased a new stake in shares of Bright Horizons Family Solutions during the 3rd quarter worth about $35,000. Whittier Trust Co. of Nevada Inc. increased its position in Bright Horizons Family Solutions by 850.0% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 342 shares of the company’s stock worth $38,000 after purchasing an additional 306 shares in the last quarter. Daiwa Securities Group Inc. lifted its position in Bright Horizons Family Solutions by 73.3% during the second quarter. Daiwa Securities Group Inc. now owns 390 shares of the company’s stock valued at $43,000 after buying an additional 165 shares in the last quarter. Finally, Quarry LP increased its position in shares of Bright Horizons Family Solutions by 68.3% in the second quarter. Quarry LP now owns 436 shares of the company’s stock worth $48,000 after acquiring an additional 177 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.