Bright Horizons Family Solutions (BFAM) Rating Lowered to Hold at Zacks Investment Research

Bright Horizons Family Solutions (NYSE:BFAM) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report issued on Friday.

According to Zacks, “Bright Horizons Family Solutions Inc. is engaged in providing employer-sponsored child care, early education and work/life solutions. Its employer-sponsored child care programs include child care and early education centers, infant/toddler/preschool care and education, full and part-time child care, kindergarten, school-age programs, summer camps and back-up care. Bright Horizons manages child care centers for corporations, hospitals, universities and government agencies The Company operates primarily in North America, Europe and India. Bright Horizons Family Solutions Inc. is based in Watertown, Massachusetts. “

BFAM has been the topic of a number of other research reports. Credit Suisse Group raised their price objective on shares of Bright Horizons Family Solutions from $83.00 to $90.00 and gave the company a “neutral” rating in a research note on Thursday, November 2nd. BMO Capital Markets restated a “hold” rating on shares of Bright Horizons Family Solutions in a research report on Wednesday, October 25th. BidaskClub upgraded shares of Bright Horizons Family Solutions from a “hold” rating to a “buy” rating in a research report on Thursday, August 10th. Barclays lifted their price target on shares of Bright Horizons Family Solutions from $80.00 to $90.00 and gave the stock an “overweight” rating in a research report on Monday, October 2nd. Finally, Robert W. Baird restated a “hold” rating on shares of Bright Horizons Family Solutions in a research report on Friday, November 3rd. Five analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $90.67.

Bright Horizons Family Solutions (BFAM) opened at $91.56 on Friday. Bright Horizons Family Solutions has a 12 month low of $65.00 and a 12 month high of $93.13. The company has a current ratio of 0.49, a quick ratio of 0.49 and a debt-to-equity ratio of 1.35. The company has a market cap of $5,430.00, a P/E ratio of 38.68, a P/E/G ratio of 1.84 and a beta of 0.13.

Bright Horizons Family Solutions (NYSE:BFAM) last posted its quarterly earnings data on Wednesday, November 1st. The company reported $0.62 EPS for the quarter, beating the Zacks’ consensus estimate of $0.57 by $0.05. Bright Horizons Family Solutions had a net margin of 7.22% and a return on equity of 19.72%. The business had revenue of $433.30 million for the quarter, compared to analyst estimates of $429.36 million. During the same quarter last year, the business earned $0.49 earnings per share. The business’s revenue for the quarter was up 12.9% on a year-over-year basis. research analysts expect that Bright Horizons Family Solutions will post 2.5 EPS for the current fiscal year.

In other Bright Horizons Family Solutions news, Director Mary Ann Tocio sold 6,666 shares of Bright Horizons Family Solutions stock in a transaction that occurred on Tuesday, September 12th. The shares were sold at an average price of $80.09, for a total transaction of $533,879.94. Following the transaction, the director now directly owns 67,284 shares in the company, valued at approximately $5,388,775.56. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO David H. Lissy sold 79,112 shares of Bright Horizons Family Solutions stock in a transaction that occurred on Tuesday, November 14th. The stock was sold at an average price of $87.26, for a total transaction of $6,903,313.12. The disclosure for this sale can be found here. In the last 90 days, insiders sold 3,620,458 shares of company stock worth $315,782,740. 2.90% of the stock is currently owned by company insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. grew its position in Bright Horizons Family Solutions by 11.8% during the 2nd quarter. Vanguard Group Inc. now owns 3,888,575 shares of the company’s stock worth $300,237,000 after purchasing an additional 410,335 shares in the last quarter. Alliancebernstein L.P. grew its position in Bright Horizons Family Solutions by 8.7% during the 2nd quarter. Alliancebernstein L.P. now owns 2,008,801 shares of the company’s stock worth $155,100,000 after purchasing an additional 161,469 shares in the last quarter. Wells Fargo & Company MN grew its position in Bright Horizons Family Solutions by 3.6% during the 3rd quarter. Wells Fargo & Company MN now owns 1,690,927 shares of the company’s stock worth $145,775,000 after purchasing an additional 59,456 shares in the last quarter. Neuberger Berman Group LLC grew its position in Bright Horizons Family Solutions by 5.0% during the 3rd quarter. Neuberger Berman Group LLC now owns 1,211,305 shares of the company’s stock worth $104,427,000 after purchasing an additional 57,880 shares in the last quarter. Finally, Brown Advisory Inc. grew its position in Bright Horizons Family Solutions by 3.6% during the 3rd quarter. Brown Advisory Inc. now owns 1,205,861 shares of the company’s stock worth $103,958,000 after purchasing an additional 42,133 shares in the last quarter. Hedge funds and other institutional investors own 99.74% of the company’s stock.

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Bright Horizons Family Solutions Company Profile

Bright Horizons Family Solutions Inc is a provider of child care, early education and other services. The Company provides services under multi-year contracts with employers offering child care and other dependent care solutions as part of their employee benefits packages. Its segments include full service center-based care services, back-up dependent care services and other educational advisory services.

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

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