Bright Horizons Family Solutions (NYSE:BFAM) Price Target Lowered to $100.00 at Morgan Stanley

Bright Horizons Family Solutions (NYSE:BFAM) had its price objective decreased by Morgan Stanley from $102.00 to $100.00 in a research note published on Tuesday,Benzinga reports. Morgan Stanley currently has an underweight rating on the stock.

Several other equities research analysts also recently issued reports on BFAM. Robert W. Baird upgraded shares of Bright Horizons Family Solutions from a “neutral” rating to an “outperform” rating and set a $140.00 price objective on the stock in a research note on Friday, November 22nd. StockNews.com upgraded shares of Bright Horizons Family Solutions from a “sell” rating to a “hold” rating in a research note on Wednesday, February 5th. UBS Group reduced their target price on Bright Horizons Family Solutions from $148.00 to $130.00 and set a “neutral” rating for the company in a research report on Friday, January 24th. The Goldman Sachs Group reduced their target price on Bright Horizons Family Solutions from $162.00 to $142.00 and set a “buy” rating for the company in a research report on Friday, December 27th. Finally, Baird R W raised Bright Horizons Family Solutions from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 22nd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $135.33.

Bright Horizons Family Solutions Trading Down 4.5 %

Shares of Bright Horizons Family Solutions stock opened at $117.11 on Tuesday. The company’s fifty day simple moving average is $114.94 and its 200-day simple moving average is $124.60. The company has a market cap of $6.81 billion, a price-to-earnings ratio of 58.85 and a beta of 1.45. 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 1 year low of $94.83 and a 1 year high of $141.90.

Insider Buying and Selling 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 dated Tuesday, December 3rd. The stock was sold at an average price of $114.71, for a total value of $573,550.00. Following the completion of 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 1.22% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Raleigh Capital Management Inc. bought a new position in shares of Bright Horizons Family Solutions in the third quarter valued at about $29,000. Versant Capital Management Inc acquired a new stake in Bright Horizons Family Solutions in the fourth quarter worth about $25,000. V Square Quantitative Management LLC acquired a new stake in Bright Horizons Family Solutions in the third quarter worth about $35,000. Atala Financial Inc acquired a new stake in Bright Horizons Family Solutions in the fourth quarter worth about $32,000. Finally, True Wealth Design LLC acquired a new stake in Bright Horizons Family Solutions in the third quarter worth about $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.