Bright Horizons Family Solutions (NYSE:BFAM) Price Target Cut to $77.00 by Analysts at Morgan Stanley

Bright Horizons Family Solutions (NYSE:BFAM – Get Rating) had its price objective decreased by Morgan Stanley from $83.00 to $77.00 in a research report sent to investors on Wednesday morning, MarketBeat.com reports. Morgan Stanley currently has an underweight rating on the stock.

BFAM has been the topic of a number of other research reports. BMO Capital Markets cut their price target on shares of Bright Horizons Family Solutions from $148.00 to $126.00 in a report on Wednesday, May 4th. The Goldman Sachs Group cut their price target on shares of Bright Horizons Family Solutions from $144.00 to $125.00 and set a buy rating on the stock in a report on Wednesday. Robert W. Baird cut their price target on shares of Bright Horizons Family Solutions from $115.00 to $83.00 in a report on Wednesday. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Bright Horizons Family Solutions from $91.00 to $77.00 in a report on Wednesday. Finally, Barclays dropped their target price on shares of Bright Horizons Family Solutions from $155.00 to $130.00 in a report on Wednesday, May 4th. One equities research 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’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of Hold and a consensus target price of $101.71.

Bright Horizons Family Solutions Price Performance

Shares of NYSE BFAM opened at $78.51 on Wednesday. Bright Horizons Family Solutions has a fifty-two week low of $71.38 and a fifty-two week high of $171.91. The company has a 50 day simple moving average of $85.27 and a two-hundred day simple moving average of $108.77. The company has a market capitalization of $4.66 billion, a price-to-earnings ratio of 53.05 and a beta of 0.98. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.87 and a current ratio of 0.87.

Bright Horizons Family Solutions (NYSE:BFAM – Get Rating) last posted its quarterly earnings results on Tuesday, August 2nd. The company reported $0.71 EPS for the quarter, beating analysts’ consensus estimates of $0.62 by $0.09. Bright Horizons Family Solutions had a net margin of 4.74% and a return on equity of 10.53%. During the same quarter in the previous year, the business earned $0.41 EPS. Analysts expect that Bright Horizons Family Solutions will post 2.77 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Massachusetts Financial Services Co. MA boosted its stake in shares of Bright Horizons Family Solutions by 4.7% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 3,081,672 shares of the company’s stock worth $408,907,000 after acquiring an additional 139,653 shares during the last quarter. Brown Advisory Inc. boosted its stake in shares of Bright Horizons Family Solutions by 22.4% during the 2nd quarter. Brown Advisory Inc. now owns 2,776,388 shares of the company’s stock worth $238,889,000 after acquiring an additional 508,602 shares during the last quarter. Liontrust Investment Partners LLP boosted its stake in shares of Bright Horizons Family Solutions by 4.8% during the 2nd quarter. Liontrust Investment Partners LLP now owns 1,305,783 shares of the company’s stock worth $110,365,000 after acquiring an additional 60,383 shares during the last quarter. Select Equity Group L.P. boosted its stake in shares of Bright Horizons Family Solutions by 86.0% during the 1st quarter. Select Equity Group L.P. now owns 1,122,717 shares of the company’s stock worth $148,973,000 after acquiring an additional 519,252 shares during the last quarter. Finally, State Street Corp raised its position in shares of Bright Horizons Family Solutions by 4.1% during the 1st quarter. State Street Corp now owns 904,881 shares of the company’s stock valued at $120,069,000 after purchasing an additional 35,889 shares during the period. Hedge funds and other institutional investors own 98.60% of the company’s stock.

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.