Bright Horizons Family Solutions (NYSE:BFAM) Price Target Cut to $130.00 by Analysts at UBS Group

Bright Horizons Family Solutions (NYSE:BFAM) had its target price decreased by UBS Group from $148.00 to $130.00 in a research report sent to investors on Friday,Benzinga reports. UBS Group currently has a neutral rating on the stock.

Several other equities analysts have also weighed in on the stock. Baird R W raised shares of Bright Horizons Family Solutions from a “hold” rating to a “strong-buy” rating in a report on Friday, November 22nd. JPMorgan Chase & Co. lifted their price objective on shares of Bright Horizons Family Solutions from $137.00 to $149.00 and gave the company an “overweight” rating in a report on Tuesday, November 5th. Robert W. Baird raised 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 research note on Friday, November 22nd. BMO Capital Markets upgraded Bright Horizons Family Solutions from a “market perform” rating to an “outperform” rating and cut their price target for the company from $137.00 to $125.00 in a research note on Monday, November 18th. Finally, The Goldman Sachs Group lowered their price target on Bright Horizons Family Solutions from $162.00 to $142.00 and set a “buy” rating on the stock in a research report on Friday, December 27th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $136.00.

Bright Horizons Family Solutions Price Performance

NYSE:BFAM opened at $115.18 on Friday. The firm’s fifty day moving average is $112.88 and its two-hundred day moving average is $124.27. The firm has a market cap of $6.70 billion, a price-to-earnings ratio of 57.88 and a beta of 1.44. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.61 and a current ratio of 0.61. Bright Horizons Family Solutions has a one year low of $94.83 and a one 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 EPS for the quarter, topping analysts’ consensus estimates of $1.06 by $0.05. The firm had revenue of $719.00 million for 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 was up 11.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.78 earnings per share. Research analysts expect that Bright Horizons Family Solutions will post 3.01 EPS for the current year.

Insider Transactions at Bright Horizons Family Solutions

In other Bright Horizons Family Solutions news, Director Mary Ann Tocio sold 5,000 shares of the 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 sale, the director now owns 25,257 shares in the company, valued at approximately $2,897,230.47. This represents a 16.53 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.22% of the company’s stock.

Institutional Investors Weigh In On Bright Horizons Family Solutions

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Versant Capital Management Inc purchased a new stake in Bright Horizons Family Solutions in the 4th quarter valued at $25,000. Raleigh Capital Management Inc. acquired a new position in shares of Bright Horizons Family Solutions during the 3rd quarter valued at about $29,000. V Square Quantitative Management LLC purchased a new stake in shares of Bright Horizons Family Solutions in the third quarter valued at about $35,000. Quarry LP increased its position in Bright Horizons Family Solutions by 68.3% during the second quarter. Quarry LP now owns 436 shares of the company’s stock worth $48,000 after purchasing an additional 177 shares during the last quarter. Finally, True Wealth Design LLC purchased a new position in Bright Horizons Family Solutions during the third quarter worth about $49,000.

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.