Bright Horizons Family Solutions (NYSE:BFAM) Stock Price Expected to Rise, Morgan Stanley Analyst Says

Bright Horizons Family Solutions (NYSE:BFAM) had its price objective upped by investment analysts at Morgan Stanley from $100.00 to $108.00 in a research note issued on Tuesday, Benzinga reports. The brokerage currently has an “underweight” rating on the stock. Morgan Stanley’s price target indicates a potential downside of 18.69% from the company’s previous close.

Other analysts have also issued reports about the company. Deutsche Bank Aktiengesellschaft increased their target price on shares of Bright Horizons Family Solutions from $114.00 to $140.00 and gave the company a “hold” rating in a research report on Friday, August 2nd. BMO Capital Markets increased their price objective on Bright Horizons Family Solutions from $104.00 to $122.00 and gave the company a “market perform” rating in a report on Friday, August 2nd. JPMorgan Chase & Co. boosted their target price on Bright Horizons Family Solutions from $119.00 to $137.00 and gave the company an “overweight” rating in a research note on Friday, August 2nd. Robert W. Baird increased their price target on Bright Horizons Family Solutions from $115.00 to $131.00 and gave the stock a “neutral” rating in a research note on Friday, August 2nd. Finally, The Goldman Sachs Group boosted their price objective on Bright Horizons Family Solutions from $125.00 to $142.00 and gave the company a “buy” rating in a research note on Friday, August 2nd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, Bright Horizons Family Solutions currently has an average rating of “Hold” and an average price target of $136.75.

Bright Horizons Family Solutions Stock Performance

Shares of BFAM opened at $132.83 on Tuesday. The firm has a market capitalization of $7.71 billion, a P/E ratio of 76.34 and a beta of 1.49. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.56 and a current ratio of 0.56. Bright Horizons Family Solutions has a 52 week low of $80.29 and a 52 week high of $141.90. The stock has a 50 day moving average price of $136.30 and a two-hundred day moving average price of $122.20.

Insider Buying and Selling at Bright Horizons Family Solutions

In related news, COO Mary Lou Burke sold 800 shares of the firm’s stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $140.65, for a total transaction of $112,520.00. Following the transaction, the chief operating officer now directly owns 31,825 shares in the company, valued at $4,476,186.25. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Mary Ann Tocio sold 2,500 shares of Bright Horizons Family Solutions stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $130.93, for a total value of $327,325.00. Following the sale, the director now directly owns 30,257 shares in the company, valued at approximately $3,961,549.01. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Mary Lou Burke sold 800 shares of Bright Horizons Family Solutions stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $140.65, for a total transaction of $112,520.00. Following the completion of the sale, the chief operating officer now owns 31,825 shares in the company, valued at approximately $4,476,186.25. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 4,100 shares of company stock worth $549,397 over the last three months. Company insiders own 1.22% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in 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 purchased a new position in shares of Bright Horizons Family Solutions during the third quarter valued at approximately $35,000. Whittier Trust Co. of Nevada Inc. boosted its position in shares of Bright Horizons Family Solutions by 850.0% in 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. grew its stake in shares of Bright Horizons Family Solutions by 73.3% in the 2nd quarter. Daiwa Securities Group Inc. now owns 390 shares of the company’s stock worth $43,000 after buying an additional 165 shares during the last quarter. Finally, Quarry LP increased its position 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 buying 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.