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

Bright Horizons Family Solutions (NYSE:BFAM) had its price objective reduced by stock analysts at UBS Group from $78.00 to $75.00 in a report released on Friday, Benzinga reports. The firm currently has a “neutral” rating on the stock. UBS Group‘s price target indicates a potential upside of 36.34% from the company’s previous close.

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

Bright Horizons Family Solutions Stock Up 0.1%

Shares of BFAM opened at $55.01 on Friday. The company has a current ratio of 0.45, a quick ratio of 0.48 and a debt-to-equity ratio of 1.68. The firm has a market capitalization of $2.68 billion, a P/E ratio of -18.52, a P/E/G ratio of 0.84 and a beta of 1.18. The firm has a fifty day moving average price of $68.36 and a 200-day moving average price of $74.27. Bright Horizons Family Solutions has a 12-month low of $52.10 and a 12-month high of $109.86.

Bright Horizons Family Solutions (NYSE:BFAM) last released its quarterly earnings data on Thursday, October 29th. The company reported $1.80 earnings per share for the quarter, topping analysts’ consensus estimates of $1.76 by $0.04. The company had revenue of $841.47 million during the quarter, compared to analyst estimates of $842.69 million. Bright Horizons Family Solutions had a negative net margin of 4.38% and a positive return on equity of 23.72%. The firm’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 firm earned $1.57 earnings per share. Equities research analysts expect that Bright Horizons Family Solutions will post 4.70 earnings per share for the current year.

Insiders Place Their Bets

In related news, COO Mary Burke sold 1,200 shares of the company’s stock in a transaction on Tuesday, September 1st. The stock was sold at an average price of $75.00, for a total value of $90,000.00. Following the transaction, the chief operating officer directly owned 30,945 shares of the company’s stock, valued at $2,320,875. This represents a 3.73% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Mary Tocio sold 6,000 shares of the firm’s 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 of the company’s stock, valued at $1,041,001.85. This trade represents a 29.51% decrease in their position. The disclosure for this sale is available in the SEC filing. 1.42% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. BlackRock Inc. acquired a new stake in shares of Bright Horizons Family Solutions during the second quarter worth about $452,317,000. Dimensional Fund Advisors LP increased its holdings in Bright Horizons Family Solutions by 31.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,334,650 shares of the company’s stock worth $109,611,000 after buying an additional 316,919 shares during the period. Giverny Capital Inc. increased its holdings in Bright Horizons Family Solutions by 45.6% in the 2nd quarter. Giverny Capital Inc. now owns 1,080,793 shares of the company’s stock worth $76,607,000 after buying an additional 338,464 shares during the period. Bamco Inc. NY purchased a new position in Bright Horizons Family Solutions during the 2nd quarter worth approximately $74,789,000. Finally, William Blair Investment Management LLC acquired a new stake in Bright Horizons Family Solutions during the 2nd quarter valued at approximately $58,093,000.

Bright Horizons Family Solutions Company Profile

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.