Morgan Stanley Has Lowered Expectations for Bright Horizons Family Solutions (NYSE:BFAM) Stock Price

Bright Horizons Family Solutions (NYSE:BFAM) had its price target dropped by Morgan Stanley from $102.00 to $100.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm currently has an “underweight” rating on the stock. Morgan Stanley’s price target would suggest a potential downside of 18.57% from the company’s current price.

Several other research firms have also weighed in on BFAM. StockNews.com raised Bright Horizons Family Solutions from a “sell” rating to a “hold” rating in a research report on Wednesday, February 5th. Robert W. Baird raised Bright Horizons Family Solutions from a “neutral” rating to an “outperform” rating and set a $140.00 price target on the stock in a research note on Friday, November 22nd. UBS Group cut their price target on Bright Horizons Family Solutions from $148.00 to $130.00 and set a “neutral” rating on the stock in a report on Friday, January 24th. BMO Capital Markets upgraded shares of Bright Horizons Family Solutions from a “market perform” rating to an “outperform” rating and lowered their price objective for the company from $137.00 to $125.00 in a research note on Monday, November 18th. Finally, The Goldman Sachs Group cut their target price on shares of Bright Horizons Family Solutions from $162.00 to $142.00 and set a “buy” rating on the stock in a research note on Friday, December 27th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $135.33.

Bright Horizons Family Solutions Stock Up 0.8 %

Shares of NYSE BFAM opened at $122.81 on Tuesday. Bright Horizons Family Solutions has a 52-week low of $94.83 and a 52-week high of $141.90. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.61 and a current ratio of 0.61. The company’s 50 day moving average price is $114.91 and its 200-day moving average price is $124.62. The company has a market capitalization of $7.15 billion, a P/E ratio of 61.71 and a beta of 1.45.

Insider Activity at Bright Horizons Family Solutions

In other Bright Horizons Family Solutions 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 directly owns 25,257 shares of the company’s stock, valued at $2,897,230.47. The trade was a 16.53 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.22% of the stock is owned by insiders.

Institutional Investors Weigh In On Bright Horizons Family Solutions

Several institutional investors and hedge funds have recently added to or reduced their stakes in BFAM. Xponance Inc. boosted its stake in shares of Bright Horizons Family Solutions by 10.7% in the 4th quarter. Xponance Inc. now owns 3,862 shares of the company’s stock worth $428,000 after buying an additional 374 shares during the last quarter. William Blair Investment Management LLC boosted its holdings in shares of Bright Horizons Family Solutions by 29.0% in the 4th quarter. William Blair Investment Management LLC now owns 2,370,336 shares of the company’s stock worth $262,752,000 after buying an additional 532,644 shares during the last quarter. Royce & Associates LP increased its holdings in Bright Horizons Family Solutions by 17.8% during the fourth quarter. Royce & Associates LP now owns 28,506 shares of the company’s stock worth $3,160,000 after buying an additional 4,300 shares during the last quarter. Atala Financial Inc bought a new stake in Bright Horizons Family Solutions in the fourth quarter worth about $32,000. Finally, Impact Capital Partners LLC bought a new stake in Bright Horizons Family Solutions in the fourth quarter worth about $456,000.

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.