Morgan Stanley Cuts Bright Horizons Family Solutions (NYSE:BFAM) Price Target to $93.00

by · The Markets Daily

Bright Horizons Family Solutions (NYSE:BFAM – Free Report) had its target price cut by Morgan Stanley from $99.00 to $93.00 in a research note released on Wednesday morning, Marketbeat Ratings reports. They currently have an underweight rating on the stock.

A number of other research analysts also recently issued reports on BFAM. BMO Capital Markets reaffirmed an “outperform” rating and set a $124.00 price target on shares of Bright Horizons Family Solutions in a report on Friday, October 31st. The Goldman Sachs Group reduced their price objective on Bright Horizons Family Solutions from $146.00 to $130.00 and set a “buy” rating for the company in a report on Friday, October 31st. Wall Street Zen cut shares of Bright Horizons Family Solutions from a “buy” rating to a “hold” rating in a research note on Sunday, November 30th. Robert W. Baird set a $136.00 price target on shares of Bright Horizons Family Solutions in a report on Friday, October 31st. Finally, JPMorgan Chase & Co. lifted their price target on shares of Bright Horizons Family Solutions from $156.00 to $160.00 and gave the stock an “overweight” rating in a research note on Friday, October 31st. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Bright Horizons Family Solutions presently has a consensus rating of “Moderate Buy” and a consensus price target of $128.29.

Check Out Our Latest Report on Bright Horizons Family Solutions

Bright Horizons Family Solutions Trading Down 1.7%

Bright Horizons Family Solutions stock opened at $101.68 on Wednesday. Bright Horizons Family Solutions has a 12 month low of $91.49 and a 12 month high of $132.99. The company has a market capitalization of $5.75 billion, a price-to-earnings ratio of 29.22, a price-to-earnings-growth ratio of 1.42 and a beta of 1.41. The business’s fifty day simple moving average is $100.68 and its two-hundred day simple moving average is $110.95. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 0.52.

Bright Horizons Family Solutions (NYSE:BFAM – Get Free Report) last issued its quarterly earnings results on Thursday, October 30th. The company reported $1.57 earnings per share for the quarter, beating the consensus estimate of $1.32 by $0.25. The firm had revenue of $802.81 million during the quarter, compared to the consensus estimate of $781.16 million. Bright Horizons Family Solutions had a return on equity of 17.07% and a net margin of 6.98%.The company’s revenue was up 11.6% on a year-over-year basis. During the same period last year, the company earned $1.11 earnings per share. Bright Horizons Family Solutions has set its FY 2025 guidance at 4.480-4.530 EPS. As a group, equities analysts predict that Bright Horizons Family Solutions will post 3.61 earnings per share for the current fiscal year.

Insider Buying and Selling at Bright Horizons Family Solutions

In other Bright Horizons Family Solutions news, COO Mary Lou Burke sold 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, October 1st. The shares were sold at an average price of $108.52, for a total value of $108,520.00. Following the completion of the transaction, the chief operating officer directly owned 26,449 shares in the company, valued at $2,870,245.48. This represents a 3.64% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.21% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Bright Horizons Family Solutions

Several large investors have recently made changes to their positions in the company. GAMMA Investing LLC lifted its position in shares of Bright Horizons Family Solutions by 18.3% in the second quarter. GAMMA Investing LLC now owns 562 shares of the company’s stock worth $69,000 after buying an additional 87 shares in the last quarter. Public Employees Retirement System of Ohio increased its stake in Bright Horizons Family Solutions by 0.6% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 18,128 shares of the company’s stock worth $1,968,000 after acquiring an additional 110 shares during the last quarter. Vanguard Personalized Indexing Management LLC raised its holdings in shares of Bright Horizons Family Solutions by 1.3% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 9,500 shares of the company’s stock worth $1,174,000 after acquiring an additional 118 shares in the last quarter. Accretive Wealth Partners LLC boosted its position in shares of Bright Horizons Family Solutions by 1.4% during the 2nd quarter. Accretive Wealth Partners LLC now owns 8,498 shares of the company’s stock valued at $1,050,000 after acquiring an additional 118 shares during the last quarter. Finally, Wealth Alliance LLC boosted its position in shares of Bright Horizons Family Solutions by 6.8% during the 2nd quarter. Wealth Alliance LLC now owns 2,001 shares of the company’s stock valued at $247,000 after acquiring an additional 128 shares during the last quarter.

Bright Horizons Family Solutions Company Profile

(Get Free Report)

Bright Horizons Family Solutions, Inc (NYSE: BFAM) is a leading provider of employer-sponsored child care and early education services, offering a range of solutions designed to support working families and organizations. Through a network of on-site, near-site and center-based programs, the company partners with corporate and nonprofit clients to deliver infant, toddler, preschool and school-age care. Services emphasize age-appropriate curriculum, developmental milestones and community engagement to ensure high-quality learning experiences.

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