UBS Group Issues Pessimistic Forecast for Bright Horizons Family Solutions (NYSE:BFAM) Stock Price

Bright Horizons Family Solutions (NYSE:BFAM) had its price target dropped by research analysts at UBS Group from $78.00 to $75.00 in a note issued to investors on Friday, Benzinga reports. The firm presently has a “neutral” rating on the stock. UBS Group‘s target price suggests a potential upside of 36.34% from the stock’s current price.

BFAM has been the subject of several other research reports. Morgan Stanley cut their target price on Bright Horizons Family Solutions from $64.00 to $57.00 and set an “underweight” rating for the company in a research note on Friday. Weiss Ratings reissued a “sell (d+)” rating on shares of Bright Horizons Family Solutions in a research note on Tuesday, October 27th. The Goldman Sachs Group lowered their price objective on shares of Bright Horizons Family Solutions from $93.00 to $80.00 and set a “buy” rating for the company in a report on Friday. Robert W. Baird cut shares of Bright Horizons Family Solutions from an “outperform” rating to a “neutral” rating and cut their price objective for the company from $98.00 to $65.00 in a research note on Friday. Finally, BMO Capital Markets reaffirmed an “outperform” rating and set a $75.00 target price on shares of Bright Horizons Family Solutions in a report on Friday. Four research analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $81.38.

Bright Horizons Family Solutions Stock Performance

Bright Horizons Family Solutions stock opened at $55.01 on Friday. Bright Horizons Family Solutions has a fifty-two week low of $52.10 and a fifty-two week high of $109.86. The company has a debt-to-equity ratio of 1.68, a quick ratio of 0.48 and a current ratio of 0.45. The stock has a market cap of $2.68 billion, a P/E ratio of -18.52, a price-to-earnings-growth ratio of 0.84 and a beta of 1.18. The firm’s fifty day moving average price is $68.36 and its 200-day moving average price is $74.27.

Bright Horizons Family Solutions (NYSE:BFAM) last posted its quarterly earnings data on Thursday, October 29th. The company reported $1.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.76 by $0.04. The firm had revenue of $841.47 million during the quarter, compared to analysts’ expectations of $842.69 million. Bright Horizons Family Solutions had a positive return on equity of 23.72% and a negative net margin of 4.38%. The company’s revenue for the quarter was up 4.8% compared to the same quarter last year. During the same period in the prior year, the business earned $1.57 EPS. On average, equities research analysts expect that Bright Horizons Family Solutions will post 4.70 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Bright Horizons Family Solutions news, Director Mary Tocio sold 6,000 shares of the stock in a transaction on Wednesday, September 2nd. The stock was sold at an average price of $72.65, for a total value of $435,900.00. Following the completion of the transaction, the director owned 14,329 shares in the company, valued at approximately $1,041,001.85. This represents a 29.51% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Mary Burke sold 1,200 shares of Bright Horizons Family Solutions stock in a transaction on Tuesday, September 1st. The shares were sold at an average price of $75.00, for a total value of $90,000.00. Following the transaction, the chief operating officer owned 30,945 shares of the company’s stock, valued at $2,320,875. The trade was a 3.73% decrease in their position. The SEC filing for this sale provides additional information. 1.42% of the stock is currently owned by corporate insiders.

Institutional Trading of Bright Horizons Family Solutions

Large investors have recently modified their holdings of the company. Signaturefd LLC boosted its position in Bright Horizons Family Solutions by 77.4% in the third quarter. Signaturefd LLC now owns 392 shares of the company’s stock worth $25,000 after purchasing an additional 171 shares during the last quarter. Stephens Inc. AR grew its stake in shares of Bright Horizons Family Solutions by 10.2% during the 1st quarter. Stephens Inc. AR now owns 2,805 shares of the company’s stock valued at $230,000 after purchasing an additional 259 shares during the period. Allworth Financial LP increased its position in shares of Bright Horizons Family Solutions by 12.4% during the 2nd quarter. Allworth Financial LP now owns 2,718 shares of the company’s stock valued at $193,000 after purchasing an additional 300 shares during the last quarter. PNC Financial Services Group Inc. increased its position in shares of Bright Horizons Family Solutions by 25.9% during the 1st quarter. PNC Financial Services Group Inc. now owns 1,715 shares of the company’s stock valued at $141,000 after purchasing an additional 353 shares during the last quarter. Finally, Chicago Partners Investment Group LLC lifted its stake in shares of Bright Horizons Family Solutions by 7.0% in the 3rd quarter. Chicago Partners Investment Group LLC now owns 6,122 shares of the company’s stock worth $437,000 after purchasing an additional 401 shares during the period.

About Bright Horizons Family Solutions

Bright Horizons Family Solutions Inc provides employer-sponsored child care and workplace support services. The company operates early education and preschool centers that serve infants, toddlers, preschoolers and school-age children, with programs designed to support children’s development and learning.

Its services also include back-up care for children and other dependents, typically provided through a network of child care centers, in-home caregivers and other providers. Through its Bright Horizons EdAssist Solutions business, the company offers education advising, tuition assistance administration, student loan support and related workforce education services for employers and their employees.

Founded in 1986, Bright Horizons serves families and corporate clients primarily in the United States and also has operations in the United Kingdom and other international markets.