Bright Horizons Family Solutions (NYSE:BFAM) Reaches New 1-Year Low at $61.71

Bright Horizons Family Solutions Inc. (NYSE:BFAMGet Rating)’s share price hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $61.71 and last traded at $61.71, with a volume of 916 shares changing hands. The stock had previously closed at $63.06.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on BFAM shares. Deutsche Bank Aktiengesellschaft reduced their price target on Bright Horizons Family Solutions from $91.00 to $77.00 in a report on Wednesday, August 3rd. Barclays reduced their price target on Bright Horizons Family Solutions from $130.00 to $90.00 and set an “overweight” rating for the company in a report on Thursday, August 4th. Citigroup reduced their price target on Bright Horizons Family Solutions from $126.00 to $115.00 in a report on Wednesday, August 24th. BMO Capital Markets reduced their price target on Bright Horizons Family Solutions from $112.00 to $105.00 and set an “outperform” rating for the company in a report on Thursday, August 4th. Finally, Morgan Stanley reduced their target price on Bright Horizons Family Solutions from $77.00 to $72.00 and set an “underweight” rating for the company in a report on Thursday, August 18th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $95.29.

Bright Horizons Family Solutions Trading Down 2.8 %

The company has a fifty day moving average of $76.80 and a two-hundred day moving average of $95.45. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.87. The stock has a market capitalization of $3.54 billion, a price-to-earnings ratio of 41.39 and a beta of 1.06.

Bright Horizons Family Solutions (NYSE:BFAMGet Rating) last issued its quarterly earnings results on Tuesday, August 2nd. The company reported $0.61 EPS for the quarter, hitting analysts’ consensus estimates of $0.61. Bright Horizons Family Solutions had a return on equity of 10.72% and a net margin of 4.74%. The company had revenue of $490.34 million during the quarter, compared to analyst estimates of $502.47 million. During the same period in the previous year, the company earned $0.41 earnings per share. On average, research analysts expect that Bright Horizons Family Solutions Inc. will post 2.34 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. First Bank & Trust lifted its holdings in shares of Bright Horizons Family Solutions by 75.8% during the first quarter. First Bank & Trust now owns 842 shares of the company’s stock worth $112,000 after buying an additional 363 shares during the last quarter. RMB Capital Management LLC lifted its holdings in shares of Bright Horizons Family Solutions by 3.4% during the first quarter. RMB Capital Management LLC now owns 50,420 shares of the company’s stock worth $6,690,000 after buying an additional 1,652 shares during the last quarter. Liontrust Investment Partners LLP lifted its holdings in shares of Bright Horizons Family Solutions by 1.1% during the first quarter. Liontrust Investment Partners LLP now owns 1,245,400 shares of the company’s stock worth $165,252,000 after buying an additional 13,200 shares during the last quarter. Mirova US LLC lifted its holdings in shares of Bright Horizons Family Solutions by 7.7% during the first quarter. Mirova US LLC now owns 647,270 shares of the company’s stock worth $85,886,000 after buying an additional 46,406 shares during the last quarter. Finally, Crossmark Global Holdings Inc. raised its stake in shares of Bright Horizons Family Solutions by 8.7% in the first quarter. Crossmark Global Holdings Inc. now owns 2,507 shares of the company’s stock valued at $332,000 after purchasing an additional 200 shares in the last quarter. 90.66% of the stock is currently owned by institutional investors and hedge funds.

About Bright Horizons Family Solutions

(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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