Bright Horizons Family Solutions (NYSE:BFAM) Shares Gap Down After Analyst Downgrade

Bright Horizons Family Solutions Inc. (NYSE:BFAMGet Rating) gapped down before the market opened on Wednesday after Morgan Stanley lowered their price target on the stock from $83.00 to $77.00. The stock had previously closed at $94.51, but opened at $88.77. Morgan Stanley currently has an underweight rating on the stock. Bright Horizons Family Solutions shares last traded at $82.72, with a volume of 2,196 shares.

A number of other research analysts have also recently commented on the stock. Robert W. Baird reduced their target price on shares of Bright Horizons Family Solutions from $115.00 to $83.00 in a research report on Wednesday. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Bright Horizons Family Solutions from $91.00 to $77.00 in a research note on Wednesday. BMO Capital Markets reduced their price objective on shares of Bright Horizons Family Solutions from $148.00 to $126.00 in a research note on Wednesday, May 4th. The Goldman Sachs Group reduced their price objective on shares of Bright Horizons Family Solutions from $144.00 to $125.00 and set a “buy” rating on the stock in a research note on Wednesday. Finally, Barclays reduced their price objective on shares of Bright Horizons Family Solutions from $155.00 to $130.00 in a research note on Wednesday, May 4th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, Bright Horizons Family Solutions has an average rating of “Hold” and an average target price of $123.50.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. CWM LLC increased its holdings in shares of Bright Horizons Family Solutions by 58.0% in the 1st quarter. CWM LLC now owns 248 shares of the company’s stock worth $33,000 after acquiring an additional 91 shares during the period. Signaturefd LLC increased its holdings in shares of Bright Horizons Family Solutions by 31.0% in the 1st quarter. Signaturefd LLC now owns 385 shares of the company’s stock worth $51,000 after acquiring an additional 91 shares during the period. Mission Creek Capital Partners Inc. increased its holdings in shares of Bright Horizons Family Solutions by 1.4% in the 4th quarter. Mission Creek Capital Partners Inc. now owns 7,200 shares of the company’s stock worth $906,000 after acquiring an additional 100 shares during the period. Carnegie Capital Asset Management LLC increased its holdings in shares of Bright Horizons Family Solutions by 5.6% in the 1st quarter. Carnegie Capital Asset Management LLC now owns 1,870 shares of the company’s stock worth $248,000 after acquiring an additional 100 shares during the period. Finally, FDx Advisors Inc. increased its holdings in shares of Bright Horizons Family Solutions by 1.1% in the 2nd quarter. FDx Advisors Inc. now owns 10,869 shares of the company’s stock worth $919,000 after acquiring an additional 114 shares during the period. 98.60% of the stock is currently owned by institutional investors.

Bright Horizons Family Solutions Stock Performance

The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.87 and a current ratio of 0.87. The stock’s fifty day moving average is $85.68 and its two-hundred day moving average is $109.46. The firm has a market cap of $4.90 billion, a price-to-earnings ratio of 60.16 and a beta of 0.98.

Bright Horizons Family Solutions (NYSE:BFAMGet Rating) last released its quarterly earnings data on Tuesday, August 2nd. The company reported $0.71 earnings per share for the quarter, topping analysts’ consensus estimates of $0.62 by $0.09. Bright Horizons Family Solutions had a net margin of 4.53% and a return on equity of 9.48%. During the same period in the previous year, the firm posted $0.41 EPS. On average, analysts expect that Bright Horizons Family Solutions Inc. will post 2.77 earnings per share for the current fiscal year.

Bright Horizons Family Solutions Company Profile

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Bright Horizons Family Solutions Inc provides early education and child care, back-up care, educational advisory, and other workplace solutions services for employers and families. The company operates through three segments: Full Service Center-Based Child Care, Back-Up Care, and Educational Advisory and Other Services.

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