Morgan Stanley Raises Bright Horizons Family Solutions (NYSE:BFAM) Price Target to $107.00

Bright Horizons Family Solutions (NYSE:BFAM) had its price objective hoisted by Morgan Stanley from $106.00 to $107.00 in a report published on Friday morning, BenzingaRatingsTable reports. The firm currently has an equal weight rating on the stock.

Other equities analysts also recently issued reports about the company. Bank of America decreased their target price on Bright Horizons Family Solutions from $97.00 to $95.00 and set an underperform rating for the company in a research note on Thursday, May 7th. ValuEngine upgraded Bright Horizons Family Solutions from a hold rating to a buy rating in a research note on Thursday, July 2nd. Citigroup lifted their target price on Bright Horizons Family Solutions from $80.00 to $122.00 and gave the company a neutral rating in a research note on Friday, May 8th. Barclays restated a buy rating on shares of Bright Horizons Family Solutions in a research note on Thursday, March 19th. Finally, Jefferies Financial Group lifted their target price on Bright Horizons Family Solutions from $112.00 to $139.00 and gave the company a buy rating in a research note on Tuesday, April 21st. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the stock. Bright Horizons Family Solutions has an average rating of Buy and an average price target of $122.00.

NYSE:BFAM opened at $110.12 on Friday. The business’s 50-day moving average is $117.21 and its two-hundred day moving average is $131.47. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.57 and a quick ratio of 0.57. The firm has a market capitalization of $6.41 billion, a PE ratio of 38.64, a price-to-earnings-growth ratio of 55.87 and a beta of 0.79. Bright Horizons Family Solutions has a 12 month low of $64.23 and a 12 month high of $176.98.

Bright Horizons Family Solutions (NYSE:BFAM) last announced its earnings results on Wednesday, May 6th. The company reported $0.74 earnings per share for the quarter, beating the consensus estimate of $0.63 by $0.11. The company had revenue of $506.32 million during the quarter, compared to the consensus estimate of $496.73 million. Bright Horizons Family Solutions had a return on equity of 21.52% and a net margin of 8.18%. The company’s revenue was up .9% on a year-over-year basis. During the same period last year, the firm earned $0.81 earnings per share. Equities analysts anticipate that Bright Horizons Family Solutions will post 0.4 EPS for the current year.

In other Bright Horizons Family Solutions news, Director Mary Ann Tocio sold 3,500 shares of the stock in a transaction dated Monday, June 29th. The shares were sold at an average price of $110.75, for a total transaction of $387,625.00. Following the completion of the transaction, the director now owns 79,759 shares in the company, valued at $8,833,309.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Stephen Howard Kramer sold 3,010 shares of the stock in a transaction dated Wednesday, July 1st. The stock was sold at an average price of $120.39, for a total transaction of $362,373.90. Following the completion of the sale, the chief executive officer now directly owns 96,865 shares in the company, valued at $11,661,577.35. The disclosure for this sale can be found here. Corporate insiders own 1.90% of the company’s stock.

Several hedge funds have recently bought and sold shares of BFAM. Geode Capital Management LLC boosted its holdings in Bright Horizons Family Solutions by 5.9% in the first quarter. Geode Capital Management LLC now owns 708,903 shares of the company’s stock valued at $72,339,000 after acquiring an additional 39,532 shares in the last quarter. Envestnet Asset Management Inc. raised its position in shares of Bright Horizons Family Solutions by 8.8% in the 4th quarter. Envestnet Asset Management Inc. now owns 21,969 shares of the company’s stock worth $3,302,000 after purchasing an additional 1,773 shares during the last quarter. Morgan Stanley raised its position in Bright Horizons Family Solutions by 259.9% in the 1st quarter. Morgan Stanley now owns 186,405 shares of the company’s stock worth $19,013,000 after buying an additional 134,610 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. raised its position in Bright Horizons Family Solutions by 4.5% in the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 4,030 shares of the company’s stock worth $613,000 after buying an additional 174 shares during the last quarter. Finally, Nomura Holdings Inc. bought a new stake in shares of Bright Horizons Family Solutions during the 1st quarter valued at about $255,000. 98.36% of the stock is currently owned by hedge funds and other institutional investors.

Bright Horizons Family Solutions Company Profile

Bright Horizons Family Solutions Inc provides child care and early education, back-up care, and educational advisory services for employers and families. The company operates through three segments: Full Service Center-Based Child Care, Back-Up Care, and Educational Advisory Services. The Full Service Center-Based Child Care segment offers traditional center-based child care, preschool, and elementary education services.

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

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