Bright Horizons Family Solutions (NYSE:BFAM) Price Target Cut to $142.00 by Analysts at The Goldman Sachs Group

Bright Horizons Family Solutions (NYSE:BFAM) had its price objective lowered by The Goldman Sachs Group from $162.00 to $142.00 in a report released on Friday morning,Benzinga reports. The Goldman Sachs Group currently has a buy rating on the stock.

BFAM has been the subject of several other research reports. Baird R W upgraded Bright Horizons Family Solutions from a “hold” rating to a “strong-buy” rating in a research note on Friday, November 22nd. StockNews.com lowered shares of Bright Horizons Family Solutions from a “hold” rating to a “sell” rating in a research report on Wednesday. Barclays upped their price objective on shares of Bright Horizons Family Solutions from $125.00 to $160.00 and gave the stock an “overweight” rating in a report on Friday, August 30th. BMO Capital Markets raised shares of Bright Horizons Family Solutions from a “market perform” rating to an “outperform” rating and cut their target price for the stock from $137.00 to $125.00 in a research report on Monday, November 18th. Finally, UBS Group raised their price target on Bright Horizons Family Solutions from $145.00 to $148.00 and gave the company a “neutral” rating in a research report on Tuesday, November 5th. Two analysts have rated the stock with a sell rating, two have given a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $138.25.

Bright Horizons Family Solutions Price Performance

NYSE:BFAM opened at $110.53 on Friday. Bright Horizons Family Solutions has a 52-week low of $91.61 and a 52-week high of $141.90. The company has a quick ratio of 0.61, a current ratio of 0.61 and a debt-to-equity ratio of 0.66. The firm has a market cap of $6.43 billion, a P/E ratio of 55.54 and a beta of 1.43. The business’s 50-day moving average price is $116.68 and its 200 day moving average price is $122.87.

Bright Horizons Family Solutions (NYSE:BFAM) last announced its earnings results on Monday, November 4th. The company reported $1.11 EPS for the quarter, beating the consensus estimate of $1.06 by $0.05. The business had revenue of $719.00 million during 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%. Bright Horizons Family Solutions’s revenue was up 11.3% compared to the same quarter last year. During the same period in the prior year, the business posted $0.78 earnings per share. As a group, sell-side analysts predict that Bright Horizons Family Solutions will post 3.01 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Mary Ann Tocio sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 3rd. The stock was 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 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 Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Mary Lou Burke sold 800 shares of the stock in a transaction dated Monday, October 7th. The shares were sold at an average price of $136.94, for a total transaction of $109,552.00. Following the completion of the transaction, the chief operating officer now directly owns 31,025 shares in the company, valued at $4,248,563.50. The trade was a 2.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.22% of the stock is currently owned by corporate insiders.

Institutional Trading of Bright Horizons Family Solutions

A number of institutional investors have recently modified their holdings of BFAM. Massachusetts Financial Services Co. MA boosted its stake in shares of Bright Horizons Family Solutions by 15.4% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 3,181,050 shares of the company’s stock valued at $445,761,000 after purchasing an additional 423,456 shares in the last quarter. Millennium Management LLC bought a new position in Bright Horizons Family Solutions in the 2nd quarter valued at approximately $28,995,000. Point72 Asset Management L.P. boosted its position in Bright Horizons Family Solutions by 64.1% in the second quarter. Point72 Asset Management L.P. now owns 570,423 shares of the company’s stock valued at $62,792,000 after buying an additional 222,823 shares in the last quarter. Allspring Global Investments Holdings LLC grew its stake in shares of Bright Horizons Family Solutions by 174.0% during the third quarter. Allspring Global Investments Holdings LLC now owns 344,397 shares of the company’s stock worth $48,260,000 after buying an additional 218,707 shares during the last quarter. Finally, TimesSquare Capital Management LLC acquired a new position in shares of Bright Horizons Family Solutions during the third quarter worth $13,639,000.

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.