The Goldman Sachs Group Cuts Bright Horizons Family Solutions (NYSE:BFAM) Price Target to $142.00

Bright Horizons Family Solutions (NYSE:BFAM) had its target price cut by The Goldman Sachs Group from $162.00 to $142.00 in a research note issued to investors on Friday,Benzinga reports. They currently have a buy rating on the stock.

Other analysts have also recently issued research reports about the company. BMO Capital Markets upgraded Bright Horizons Family Solutions from a “market perform” rating to an “outperform” rating and lowered their price target for the company from $137.00 to $125.00 in a report on Monday, November 18th. Baird R W upgraded shares of Bright Horizons Family Solutions from a “hold” rating to a “strong-buy” rating in a report on Friday, November 22nd. Morgan Stanley cut their price target on shares of Bright Horizons Family Solutions from $108.00 to $102.00 and set an “underweight” rating on the stock in a research note on Thursday, December 12th. Robert W. Baird raised shares of Bright Horizons Family Solutions from a “neutral” rating to an “outperform” rating and set a $140.00 price objective for the company in a research note on Friday, November 22nd. Finally, StockNews.com lowered Bright Horizons Family Solutions from a “hold” rating to a “sell” rating in a research report on Wednesday, December 25th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $138.25.

Bright Horizons Family Solutions Price Performance

Bright Horizons Family Solutions stock opened at $110.53 on Friday. The firm’s 50-day moving average is $116.26 and its two-hundred day moving average is $123.13. 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 has a market capitalization of $6.43 billion, a P/E ratio of 55.54 and a beta of 1.43. Bright Horizons Family Solutions has a 12-month low of $91.61 and a 12-month high of $141.90.

Bright Horizons Family Solutions (NYSE:BFAM) last announced 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. Bright Horizons Family Solutions had a net margin of 4.44% and a return on equity of 13.23%. The firm had revenue of $719.00 million for the quarter, compared to analyst estimates of $713.16 million. During the same quarter last year, the business earned $0.78 earnings per share. Bright Horizons Family Solutions’s revenue was up 11.3% compared to the same quarter last year. Equities analysts predict that Bright Horizons Family Solutions will post 3.01 earnings per share for the current year.

Insider Activity

In other news, Director Mary Ann Tocio sold 5,000 shares of Bright Horizons Family Solutions stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $114.71, for a total transaction of $573,550.00. Following the sale, the director now directly owns 25,257 shares of the company’s stock, valued at approximately $2,897,230.47. The trade was a 16.53 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Mary Lou Burke sold 800 shares of Bright Horizons Family Solutions stock in a transaction that occurred on Monday, October 7th. The stock was 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 in the company, valued at $4,248,563.50. This represents a 2.51 % decrease in their ownership of the stock. 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 institutional investors and hedge funds have recently bought and sold shares of BFAM. Raleigh Capital Management Inc. bought a new position in shares of Bright Horizons Family Solutions in the 3rd quarter worth about $29,000. V Square Quantitative Management LLC bought a new position in Bright Horizons Family Solutions in the third quarter worth about $35,000. Whittier Trust Co. of Nevada Inc. boosted its stake in Bright Horizons Family Solutions by 850.0% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 342 shares of the company’s stock valued at $38,000 after acquiring an additional 306 shares during the period. Daiwa Securities Group Inc. grew its holdings in shares of 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 purchasing an additional 165 shares during the last quarter. Finally, Quarry LP raised its position in shares of Bright Horizons Family Solutions by 68.3% during the 2nd quarter. Quarry LP now owns 436 shares of the company’s stock worth $48,000 after purchasing an additional 177 shares during the period.

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.