Bright Horizons Family Solutions (NYSE:BFAM) Downgraded by Morgan Stanley to “Underweight”

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.

Bright Horizons Family Solutions (NYSE:BFAM) last released its quarterly earnings data on Tuesday, February 16th. The company reported $0.36 earnings per share for the quarter, topping the consensus estimate of ($0.43) by $0.79. The business had revenue of $377.08 million during the quarter, compared to analyst estimates of $336.48 million. Bright Horizons Family Solutions had a return on equity of 10.63% and a net margin of 4.35%. On average, sell-side analysts expect that Bright Horizons Family Solutions will post 0.56 EPS for the current fiscal year.

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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Analyst Recommendations for Bright Horizons Family Solutions (NYSE:BFAM)

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