The Goldman Sachs Group Has Lowered Expectations for Bright Horizons Family Solutions (NYSE:BFAM) Stock Price

Bright Horizons Family Solutions (NYSE:BFAM) had its target price cut by analysts at The Goldman Sachs Group from $162.00 to $142.00 in a report issued on Friday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. The Goldman Sachs Group’s price objective would suggest a potential upside of 28.12% from the company’s previous close.

A number of other equities research analysts have also commented on the stock. BMO Capital Markets raised shares of Bright Horizons Family Solutions from a “market perform” rating to an “outperform” rating and decreased their price objective for the stock from $137.00 to $125.00 in a report on Monday, November 18th. UBS Group raised their price target on shares of Bright Horizons Family Solutions from $145.00 to $148.00 and gave the company a “neutral” rating in a report on Tuesday, November 5th. 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 for the company in a research report on Friday, November 22nd. StockNews.com lowered Bright Horizons Family Solutions from a “hold” rating to a “sell” rating in a research report on Wednesday. Finally, JPMorgan Chase & Co. upped their price target on Bright Horizons Family Solutions from $137.00 to $149.00 and gave the company an “overweight” rating in a research note on Tuesday, November 5th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Bright Horizons Family Solutions has an average rating of “Moderate Buy” and a consensus target price of $138.25.

Bright Horizons Family Solutions Price Performance

Shares of Bright Horizons Family Solutions stock opened at $110.83 on Friday. Bright Horizons Family Solutions has a 1-year low of $91.61 and a 1-year high of $141.90. The firm’s 50-day moving average price is $117.10 and its two-hundred day moving average price is $122.95. The company has a current ratio of 0.61, a quick ratio of 0.61 and a debt-to-equity ratio of 0.66. The stock has a market capitalization of $6.45 billion, a price-to-earnings ratio of 55.69 and a beta of 1.43.

Bright Horizons Family Solutions (NYSE:BFAM) last released its quarterly earnings results on Monday, November 4th. The company reported $1.11 earnings per share for the quarter, beating analysts’ consensus estimates of $1.06 by $0.05. The firm had revenue of $719.00 million during the quarter, compared to analysts’ expectations of $713.16 million. Bright Horizons Family Solutions had a return on equity of 13.23% and a net margin of 4.44%. The business’s revenue was up 11.3% on a year-over-year basis. During the same period last year, the firm posted $0.78 EPS. On average, equities analysts predict that Bright Horizons Family Solutions will post 3.01 earnings per share for the current fiscal year.

Insider Activity at Bright Horizons Family Solutions

In other Bright Horizons Family Solutions news, COO Mary Lou Burke sold 800 shares of Bright Horizons Family Solutions stock in a transaction on Monday, October 7th. The shares were sold at an average price of $136.94, for a total value of $109,552.00. Following the sale, the chief operating officer now directly owns 31,025 shares in the company, valued at approximately $4,248,563.50. The trade was a 2.51 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Mary Ann Tocio sold 5,000 shares of the stock in a transaction dated 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 owns 25,257 shares of the company’s stock, valued at approximately $2,897,230.47. This represents a 16.53 % 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 insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of BFAM. OLD National Bancorp IN raised its stake in shares of Bright Horizons Family Solutions by 2.7% during the 3rd quarter. OLD National Bancorp IN now owns 3,159 shares of the company’s stock worth $443,000 after purchasing an additional 82 shares in the last quarter. EverSource Wealth Advisors LLC raised its position in Bright Horizons Family Solutions by 6.0% during the second quarter. EverSource Wealth Advisors LLC now owns 2,097 shares of the company’s stock worth $252,000 after acquiring an additional 119 shares in the last quarter. Avior Wealth Management LLC lifted its stake in Bright Horizons Family Solutions by 2.9% in the third quarter. Avior Wealth Management LLC now owns 4,674 shares of the company’s stock valued at $655,000 after acquiring an additional 133 shares during the last quarter. Daiwa Securities Group Inc. grew its position in shares of Bright Horizons Family Solutions by 37.2% in the 3rd quarter. Daiwa Securities Group Inc. now owns 535 shares of the company’s stock valued at $75,000 after acquiring an additional 145 shares during the period. Finally, Quarry LP grew its position in shares of Bright Horizons Family Solutions by 68.3% in the 2nd quarter. Quarry LP now owns 436 shares of the company’s stock valued at $48,000 after acquiring an additional 177 shares during the period.

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.