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

Bright Horizons Family Solutions (NYSE:BFAM) had its price target cut by analysts at 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 objective would suggest a potential downside of 15.50% from the company’s previous close.

A number of other research analysts have also weighed in on the stock. The Goldman Sachs Group dropped their price objective 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. StockNews.com upgraded shares of Bright Horizons Family Solutions from a “sell” rating to a “hold” rating in a report on Wednesday, February 5th. JPMorgan Chase & Co. increased their target price on shares of Bright Horizons Family Solutions from $137.00 to $149.00 and gave the company an “overweight” rating in a report on Tuesday, November 5th. Jefferies Financial Group lowered their target price on shares of Bright Horizons Family Solutions from $155.00 to $132.00 and set a “buy” rating for the company in a report on Thursday, January 23rd. Finally, UBS Group lowered their target price on shares of Bright Horizons Family Solutions from $148.00 to $130.00 and set a “neutral” rating for the company in a report on Friday, January 24th. One analyst has rated the stock with a sell rating, three have issued a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Bright Horizons Family Solutions presently has an average rating of “Moderate Buy” and an average target price of $135.33.

Bright Horizons Family Solutions Stock Up 1.1 %

Bright Horizons Family Solutions stock opened at $118.35 on Tuesday. Bright Horizons Family Solutions has a 1-year low of $94.83 and a 1-year high of $141.90. The firm has a market capitalization of $6.89 billion, a price-to-earnings ratio of 59.47 and a beta of 1.45. The firm’s fifty day moving average price is $114.93 and its two-hundred day moving average price is $124.55. The company has a current ratio of 0.61, a quick ratio of 0.61 and a debt-to-equity ratio of 0.66.

Insider Buying and Selling

In other news, Director Mary Ann Tocio sold 5,000 shares of Bright Horizons Family Solutions stock in a transaction dated Tuesday, December 3rd. The shares were 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 owns 25,257 shares in the company, valued at $2,897,230.47. This trade represents a 16.53 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.22% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Bright Horizons Family Solutions

Large investors have recently modified their holdings of the business. Versant Capital Management Inc purchased a new position in shares of Bright Horizons Family Solutions in the fourth quarter worth about $25,000. Raleigh Capital Management Inc. purchased a new position in shares of Bright Horizons Family Solutions in the third quarter worth about $29,000. Atala Financial Inc purchased a new position in shares of Bright Horizons Family Solutions in the fourth quarter worth about $32,000. V Square Quantitative Management LLC purchased a new position in shares of Bright Horizons Family Solutions in the third quarter worth about $35,000. Finally, Tortoise Investment Management LLC increased its stake in shares of Bright Horizons Family Solutions by 76.7% in the fourth quarter. Tortoise Investment Management LLC now owns 417 shares of the company’s stock worth $46,000 after purchasing an additional 181 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.