Bright Horizons Family Solutions (NYSE:BFAM) Stock Price Expected to Rise, The Goldman Sachs Group Analyst Says

Bright Horizons Family Solutions (NYSE:BFAM - Free Report) had its price target lifted by The Goldman Sachs Group from $142.00 to $162.00 in a report published on Tuesday, Benzinga reports. The Goldman Sachs Group currently has a buy rating on the stock.

BFAM has been the subject of several other research reports. UBS Group increased their price objective on Bright Horizons Family Solutions from $128.00 to $145.00 and gave the company a "neutral" rating in a report on Tuesday, October 8th. Robert W. Baird raised their price target on Bright Horizons Family Solutions from $131.00 to $140.00 and gave the stock a "neutral" rating in a report on Tuesday. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Bright Horizons Family Solutions from $114.00 to $140.00 and gave the company a "hold" rating in a research report on Friday, August 2nd. Barclays raised their target price on Bright Horizons Family Solutions from $125.00 to $160.00 and gave the stock an "overweight" rating in a research note on Friday, August 30th. Finally, BMO Capital Markets boosted their price target on Bright Horizons Family Solutions from $104.00 to $122.00 and gave the company a "market perform" rating in a research note on Friday, August 2nd. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Hold" and a consensus price target of $141.13.

Bright Horizons Family Solutions Trading Down 12.7 %

BFAM stock traded down $16.93 during midday trading on Tuesday, reaching $115.90. The company's stock had a trading volume of 1,289,323 shares, compared to its average volume of 359,289. Bright Horizons Family Solutions has a 1 year low of $80.29 and a 1 year high of $141.90. The firm has a market capitalization of $6.73 billion, a price-to-earnings ratio of 67.49 and a beta of 1.49. The stock has a fifty day simple moving average of $136.30 and a two-hundred day simple moving average of $122.20. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.56 and a current ratio of 0.56.

Insider Buying and Selling

In related news, Director Mary Ann Tocio sold 2,500 shares of the stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $130.93, for a total value of $327,325.00. Following the completion of the transaction, the director now directly owns 30,257 shares in the company, valued at approximately $3,961,549.01. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other Bright Horizons Family Solutions news, COO Mary Lou Burke sold 800 shares of the business's stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $140.65, for a total value of $112,520.00. Following the completion of the transaction, the chief operating officer now owns 31,825 shares in the company, valued at $4,476,186.25. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Mary Ann Tocio sold 2,500 shares of the business's stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $130.93, for a total transaction of $327,325.00. Following the transaction, the director now owns 30,257 shares of the company's stock, valued at $3,961,549.01. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 4,100 shares of company stock worth $549,397. Insiders own 1.22% of the company's stock.

Institutional Trading of Bright Horizons Family Solutions

A number of institutional investors have recently modified their holdings of the business. OLD National Bancorp IN boosted its holdings in shares of Bright Horizons Family Solutions by 2.7% during the third quarter. OLD National Bancorp IN now owns 3,159 shares of the company's stock worth $443,000 after purchasing an additional 82 shares during the last quarter. EverSource Wealth Advisors LLC raised its stake in shares of Bright Horizons Family Solutions by 6.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,097 shares of the company's stock valued at $252,000 after acquiring an additional 119 shares during the period. MJP Associates Inc. ADV lifted its holdings in shares of Bright Horizons Family Solutions by 7.0% during the 2nd quarter. MJP Associates Inc. ADV now owns 2,390 shares of the company's stock valued at $263,000 after acquiring an additional 157 shares in the last quarter. Daiwa Securities Group Inc. boosted its position in Bright Horizons Family Solutions by 73.3% during the 2nd quarter. Daiwa Securities Group Inc. now owns 390 shares of the company's stock worth $43,000 after purchasing an additional 165 shares during the period. Finally, Quarry LP raised its position in Bright Horizons Family Solutions by 68.3% in the second quarter. Quarry LP now owns 436 shares of the company's stock valued at $48,000 after purchasing an additional 177 shares during the period.

Bright Horizons Family Solutions Company Profile

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.