Bright Horizons Family Solutions (NYSE:BFAM) Price Target Lowered to $90.00 at Barclays

Bright Horizons Family Solutions (NYSE:BFAMGet Rating) had its price target decreased by stock analysts at Barclays from $130.00 to $90.00 in a report issued on Thursday, The Fly reports. The brokerage presently has an “overweight” rating on the stock. Barclays‘s price target suggests a potential upside of 14.64% from the company’s previous close.

Several other research analysts have also recently weighed in on the company. Robert W. Baird decreased their price target on Bright Horizons Family Solutions from $115.00 to $83.00 in a research note on Wednesday. BMO Capital Markets cut their price objective on Bright Horizons Family Solutions from $148.00 to $126.00 in a report on Wednesday, May 4th. Deutsche Bank Aktiengesellschaft cut their price objective on Bright Horizons Family Solutions from $91.00 to $77.00 in a report on Wednesday. The Goldman Sachs Group cut their price objective on Bright Horizons Family Solutions from $144.00 to $125.00 and set a “buy” rating for the company in a report on Wednesday. Finally, Morgan Stanley cut their price objective on Bright Horizons Family Solutions from $83.00 to $77.00 and set an “underweight” rating for the company in a report on Wednesday. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $101.71.

Bright Horizons Family Solutions Stock Down 1.6 %

BFAM stock opened at $78.51 on Thursday. Bright Horizons Family Solutions has a 1-year low of $71.38 and a 1-year high of $171.91. The business has a fifty day moving average price of $85.27 and a 200-day moving average price of $108.77. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.87 and a quick ratio of 0.87. The stock has a market capitalization of $4.66 billion, a P/E ratio of 53.05 and a beta of 0.98.

Bright Horizons Family Solutions (NYSE:BFAMGet Rating) last posted its quarterly earnings results on Tuesday, August 2nd. The company reported $0.71 earnings per share for the quarter, topping the consensus estimate of $0.62 by $0.09. Bright Horizons Family Solutions had a return on equity of 10.53% and a net margin of 4.74%. During the same period in the previous year, the company earned $0.41 earnings per share. Equities analysts forecast that Bright Horizons Family Solutions will post 2.77 earnings per share for the current fiscal year.

Institutional Trading of Bright Horizons Family Solutions

Hedge funds have recently bought and sold shares of the stock. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Bright Horizons Family Solutions by 44.7% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,700 shares of the company’s stock valued at $1,095,000 after purchasing an additional 2,686 shares during the period. Intercontinental Wealth Advisors LLC grew its holdings in Bright Horizons Family Solutions by 78.3% during the fourth quarter. Intercontinental Wealth Advisors LLC now owns 3,059 shares of the company’s stock valued at $385,000 after purchasing an additional 1,343 shares during the period. State of New Jersey Common Pension Fund D boosted its stake in shares of Bright Horizons Family Solutions by 4.3% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 38,053 shares of the company’s stock worth $4,790,000 after acquiring an additional 1,573 shares during the period. Aquila Investment Management LLC bought a new position in shares of Bright Horizons Family Solutions in the fourth quarter worth about $1,706,000. Finally, First Bank & Trust boosted its stake in shares of Bright Horizons Family Solutions by 75.8% in the first quarter. First Bank & Trust now owns 842 shares of the company’s stock worth $112,000 after acquiring an additional 363 shares during the period. Institutional investors own 98.60% of the company’s stock.

Bright Horizons Family Solutions Company Profile

(Get Rating)

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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