Bright Horizons Family Solutions (NYSE:BFAM) Price Target Cut to $142.00 by Analysts at The Goldman Sachs Group

Bright Horizons Family Solutions (NYSE:BFAM - Get Free Report) had its price target reduced by equities research analysts at The Goldman Sachs Group from $162.00 to $142.00 in a research note issued on Friday,Benzinga reports. The firm presently has a "buy" rating on the stock. The Goldman Sachs Group's price objective points to a potential upside of 28.47% from the stock's previous close.

Other research analysts have also recently issued reports about the stock. JPMorgan Chase & Co. lifted their price objective on shares of Bright Horizons Family Solutions from $137.00 to $149.00 and gave the company an "overweight" rating in a research note on Tuesday, November 5th. Morgan Stanley dropped their price objective on Bright Horizons Family Solutions from $108.00 to $102.00 and set an "underweight" rating for the company in a research report on Thursday, December 12th. Baird R W upgraded Bright Horizons Family Solutions from a "hold" rating to a "strong-buy" rating in a research report on Friday, November 22nd. Barclays increased their target price on shares of Bright Horizons Family Solutions from $125.00 to $160.00 and gave the stock an "overweight" rating in a report on Friday, August 30th. Finally, Robert W. Baird raised shares of Bright Horizons Family Solutions from a "neutral" rating to an "outperform" rating and set a $140.00 price target on the stock in a report on Friday, November 22nd. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Bright Horizons Family Solutions has an average rating of "Moderate Buy" and a consensus target price of $138.25.

Bright Horizons Family Solutions Price Performance

Bright Horizons Family Solutions stock traded down $0.30 during mid-day trading on Friday, reaching $110.53. 318,485 shares of the company were exchanged, compared to its average volume of 409,677. The company has a fifty day simple moving average of $116.68 and a 200-day simple moving average of $122.87. The firm has a market cap of $6.43 billion, a PE ratio of 55.54 and a beta of 1.43. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.61 and a quick ratio of 0.61. Bright Horizons Family Solutions has a 12 month low of $91.61 and a 12 month high of $141.90.

Bright Horizons Family Solutions (NYSE:BFAM - Get Free Report) last issued its quarterly earnings results on Monday, November 4th. The company reported $1.11 EPS for the quarter, topping analysts' consensus estimates of $1.06 by $0.05. Bright Horizons Family Solutions had a return on equity of 13.23% and a net margin of 4.44%. The company had revenue of $719.00 million for the quarter, compared to analysts' expectations of $713.16 million. During the same quarter last year, the business earned $0.78 earnings per share. Bright Horizons Family Solutions's revenue was up 11.3% on a year-over-year basis. As a group, equities research analysts expect that Bright Horizons Family Solutions will post 3.01 earnings per share for the current fiscal year.

Insider Buying and Selling at Bright Horizons Family Solutions

In related news, Director Mary Ann Tocio sold 5,000 shares of Bright Horizons Family Solutions stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $114.71, for a total value of $573,550.00. Following the transaction, the director now directly owns 25,257 shares of the company's stock, valued at $2,897,230.47. The trade was a 16.53 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Mary Lou Burke sold 800 shares of the stock in a transaction that occurred on Monday, October 7th. The shares were sold at an average price of $136.94, for a total transaction of $109,552.00. Following the sale, the chief operating officer now directly owns 31,025 shares of the company's stock, valued at $4,248,563.50. This represents a 2.51 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.22% of the company's stock.

Institutional Trading of Bright Horizons Family Solutions

A number of institutional investors have recently bought and sold shares of BFAM. Tidal Investments LLC acquired a new stake in shares of Bright Horizons Family Solutions during the 3rd quarter worth approximately $695,000. Sanctuary Advisors LLC increased its stake in Bright Horizons Family Solutions by 2.9% in the third quarter. Sanctuary Advisors LLC now owns 16,920 shares of the company's stock valued at $2,371,000 after purchasing an additional 478 shares in the last quarter. Anchor Investment Management LLC raised its holdings in shares of Bright Horizons Family Solutions by 423.2% during the third quarter. Anchor Investment Management LLC now owns 654 shares of the company's stock valued at $92,000 after purchasing an additional 529 shares during the period. Geode Capital Management LLC raised its holdings in shares of Bright Horizons Family Solutions by 0.8% during the third quarter. Geode Capital Management LLC now owns 924,832 shares of the company's stock valued at $129,633,000 after purchasing an additional 7,597 shares during the period. Finally, Barclays PLC boosted its holdings in Bright Horizons Family Solutions by 24.6% in the third quarter. Barclays PLC now owns 19,215 shares of the company's stock worth $2,693,000 after acquiring an additional 3,796 shares in the last quarter.

About Bright Horizons Family Solutions

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.