Bright Horizons Family Solutions (NYSE:BFAM) Given New $130.00 Price Target at UBS Group

Bright Horizons Family Solutions (NYSE:BFAM) had its price objective reduced by UBS Group from $148.00 to $130.00 in a report released on Friday morning,Benzinga reports. They currently have a neutral rating on the stock.

Several other research firms have also recently commented on BFAM. JPMorgan Chase & Co. raised their price target 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. Baird R W raised Bright Horizons Family Solutions from a “hold” rating to a “strong-buy” rating in a report on Friday, November 22nd. BMO Capital Markets raised Bright Horizons Family Solutions from a “market perform” rating to an “outperform” rating and cut their price target for the stock from $137.00 to $125.00 in a research note on Monday, November 18th. The Goldman Sachs Group lowered their price target on shares of 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. Finally, StockNews.com cut Bright Horizons Family Solutions from a “hold” rating to a “sell” rating in a report on Wednesday. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $136.00.

Bright Horizons Family Solutions Stock Down 2.2 %

Shares of NYSE BFAM opened at $115.18 on Friday. The business’s fifty day simple moving average is $112.88 and its 200-day simple moving average is $124.05. The company has a current ratio of 0.61, a quick ratio of 0.61 and a debt-to-equity ratio of 0.66. Bright Horizons Family Solutions has a 12-month low of $94.83 and a 12-month high of $141.90. The stock has a market cap of $6.70 billion, a P/E ratio of 57.88 and a beta of 1.44.

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

Insider Activity at Bright Horizons Family Solutions

In related news, Director Mary Ann Tocio sold 5,000 shares of Bright Horizons Family Solutions stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $114.71, for a total transaction of $573,550.00. Following the transaction, the director now 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.22% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in BFAM. Versant Capital Management Inc purchased a new stake in Bright Horizons Family Solutions during the 4th quarter worth approximately $25,000. Raleigh Capital Management Inc. acquired a new stake in shares of Bright Horizons Family Solutions during the third quarter worth approximately $29,000. V Square Quantitative Management LLC acquired a new stake in Bright Horizons Family Solutions in the third quarter valued at $35,000. Quarry LP boosted its stake in Bright Horizons Family Solutions by 68.3% during the 2nd quarter. Quarry LP now owns 436 shares of the company’s stock valued at $48,000 after acquiring an additional 177 shares during the last quarter. Finally, True Wealth Design LLC acquired a new position in Bright Horizons Family Solutions during the 3rd quarter worth $49,000.

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.