Bright Horizons Family Solutions (NYSE:BFAM) Price Target Raised to $162.00 at The Goldman Sachs Group

Bright Horizons Family Solutions (NYSE:BFAM) had its price objective hoisted by The Goldman Sachs Group from $142.00 to $162.00 in a research report sent to investors on Tuesday, Benzinga reports. The brokerage currently has a buy rating on the stock.

BFAM has been the topic of several other research reports. JPMorgan Chase & Co. upped their target price on shares of Bright Horizons Family Solutions from $137.00 to $149.00 and gave the stock an “overweight” rating in a report on Tuesday. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Bright Horizons Family Solutions from $114.00 to $140.00 and gave the stock a “hold” rating in a report on Friday, August 2nd. Robert W. Baird increased their price objective on shares of Bright Horizons Family Solutions from $131.00 to $140.00 and gave the stock a “neutral” rating in a report on Tuesday. UBS Group upped their target price on shares of Bright Horizons Family Solutions from $128.00 to $145.00 and gave the company a “neutral” rating in a research report on Tuesday, October 8th. Finally, Morgan Stanley upped their target price on shares of Bright Horizons Family Solutions from $100.00 to $108.00 and gave the company an “underweight” rating in a research report on Tuesday. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $141.13.

Bright Horizons Family Solutions Stock Down 12.7 %

BFAM opened at $115.90 on Tuesday. The firm’s 50-day simple moving average is $135.84 and its 200-day simple moving average is $122.28. 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 twelve month low of $80.29 and a twelve month high of $141.90. The firm has a market cap of $6.73 billion, a price-to-earnings ratio of 66.61 and a beta of 1.49.

Insider Activity at Bright Horizons Family Solutions

In related news, Director Mary Ann Tocio sold 2,500 shares of the stock in a transaction that occurred on Thursday, August 8th. The shares were 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 $3,961,549.01. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. In related news, Director Mary Ann Tocio sold 2,500 shares of the stock in a transaction that occurred on Thursday, August 8th. The shares were 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 $3,961,549.01. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, COO Mary Lou Burke sold 800 shares of the stock in a transaction that occurred on 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 sale, the chief operating officer now owns 31,025 shares in the company, valued at $4,248,563.50. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 4,100 shares of company stock worth $549,397 in the last ninety days. Company insiders own 1.22% of the company’s stock.

Institutional Trading of Bright Horizons Family Solutions

A number of hedge funds have recently modified their holdings of BFAM. Lord Abbett & CO. LLC acquired a new stake in Bright Horizons Family Solutions during the 1st quarter worth approximately $64,735,000. CANADA LIFE ASSURANCE Co raised its holdings in Bright Horizons Family Solutions by 141.6% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 14,784 shares of the company’s stock worth $1,676,000 after buying an additional 8,666 shares during the period. M&G Plc acquired a new stake in Bright Horizons Family Solutions during the 1st quarter worth approximately $27,467,000. Bayesian Capital Management LP acquired a new stake in Bright Horizons Family Solutions during the 1st quarter worth approximately $981,000. Finally, Dimensional Fund Advisors LP raised its holdings in Bright Horizons Family Solutions by 7.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 784,896 shares of the company’s stock worth $86,395,000 after buying an additional 51,024 shares during the period.

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.