Morgan Stanley lowered shares of Bright Horizons Family Solutions (NYSE:BFAM) from an equal weight rating to an underweight rating in a research report report published on Wednesday morning, Analyst Ratings Network reports. They currently have $150.00 price objective on the stock.
Other analysts have also issued reports about the stock. BMO Capital Markets upped their price objective on shares of Bright Horizons Family Solutions from $150.00 to $168.00 and gave the company a market perform rating in a research note on Thursday, February 25th. Zacks Investment Research downgraded shares of Bright Horizons Family Solutions from a hold rating to a strong sell rating in a research report on Tuesday, February 23rd. Jefferies Financial Group lifted their price objective on shares of Bright Horizons Family Solutions from $210.00 to $215.00 in a research report on Thursday, March 18th. Finally, Barclays increased their target price on Bright Horizons Family Solutions from $145.00 to $190.00 and gave the company an overweight rating in a report on Thursday, February 25th. Three equities research analysts have rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and a consensus target price of $159.25.
Shares of NYSE:BFAM opened at $158.99 on Wednesday. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.22 and a current ratio of 1.22. The stock has a market capitalization of $9.66 billion, a price-to-earnings ratio of 129.26, a PEG ratio of 9.45 and a beta of 0.83. Bright Horizons Family Solutions has a 1-year low of $97.23 and a 1-year high of $182.50. The company has a 50 day moving average price of $167.80 and a 200 day moving average price of $163.53.
In other Bright Horizons Family Solutions news, Director Mary Ann Tocio sold 3,000 shares of the company’s stock in a transaction dated Monday, January 11th. The stock was sold at an average price of $160.21, for a total value of $480,630.00. Following the transaction, the director now directly owns 60,259 shares of the company’s stock, valued at approximately $9,654,094.39. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Stephen Howard Kramer sold 1,900 shares of Bright Horizons Family Solutions stock in a transaction dated Thursday, February 25th. The shares were sold at an average price of $169.05, for a total value of $321,195.00. Following the sale, the chief executive officer now owns 83,225 shares of the company’s stock, valued at $14,069,186.25. The disclosure for this sale can be found here. Insiders have sold a total of 41,066 shares of company stock valued at $7,262,910 in the last three months. Company insiders own 1.60% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Perigon Wealth Management LLC acquired a new position in shares of Bright Horizons Family Solutions during the 4th quarter worth $25,000. First Bank & Trust increased its position in Bright Horizons Family Solutions by 179.7% during the fourth quarter. First Bank & Trust now owns 193 shares of the company’s stock worth $33,000 after buying an additional 124 shares during the last quarter. Great West Life Assurance Co. Can raised its holdings in Bright Horizons Family Solutions by 797.8% during the third quarter. Great West Life Assurance Co. Can now owns 37,072 shares of the company’s stock valued at $43,000 after buying an additional 32,943 shares in the last quarter. Graves Light Private Wealth Management Inc. acquired a new stake in shares of Bright Horizons Family Solutions in the fourth quarter worth about $68,000. Finally, Daiwa Securities Group Inc. bought a new stake in shares of Bright Horizons Family Solutions during the 4th quarter worth about $95,000.
Bright Horizons Family Solutions Company Profile
Bright Horizons Family Solutions Inc provides child care and early education services, back-up care services, educational advisory services, and other workplace solutions 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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