Bright Horizons Family Solutions (NYSE:BFAM) Downgraded by Zacks Investment Research to Sell

Zacks Investment Research downgraded shares of Bright Horizons Family Solutions (NYSE:BFAMGet Rating) from a hold rating to a sell rating in a report released on Friday morning, Zacks.com reports.

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. “

Several other analysts have also recently commented on the stock. Barclays decreased their price target on shares of Bright Horizons Family Solutions from $155.00 to $130.00 in a research note on Wednesday. BMO Capital Markets decreased their price target on shares of Bright Horizons Family Solutions from $148.00 to $126.00 in a research note on Wednesday. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Bright Horizons Family Solutions in a research note on Tuesday, March 29th. They set a hold rating and a $114.00 price target on the stock. Robert W. Baird decreased their price target on shares of Bright Horizons Family Solutions from $140.00 to $115.00 in a research note on Wednesday. Finally, Citigroup reduced their price objective on shares of Bright Horizons Family Solutions from $170.00 to $155.00 in a research note on Friday, February 18th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of Hold and an average price target of $142.56.

Shares of NYSE BFAM traded down $5.73 during mid-day trading on Friday, hitting $86.21. 701,742 shares of the stock were exchanged, compared to its average volume of 397,245. The company has a market cap of $5.11 billion, a P/E ratio of 62.93 and a beta of 0.97. The stock’s fifty day simple moving average is $128.28 and its two-hundred day simple moving average is $130.44. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.87 and a current ratio of 0.87. Bright Horizons Family Solutions has a twelve month low of $85.58 and a twelve month high of $171.91.

Bright Horizons Family Solutions (NYSE:BFAMGet Rating) last posted its quarterly earnings data on Tuesday, May 3rd. The company reported $0.47 earnings per share for the quarter, topping the consensus estimate of $0.42 by $0.05. The company had revenue of $460.41 million during the quarter, compared to analyst estimates of $480.14 million. Bright Horizons Family Solutions had a net margin of 4.53% and a return on equity of 9.36%. The company’s revenue was up 17.8% on a year-over-year basis. During the same quarter last year, the business posted $0.16 earnings per share. As a group, equities research analysts predict that Bright Horizons Family Solutions will post 2.92 earnings per share for the current fiscal year.

A number of large investors have recently bought and sold shares of BFAM. FMR LLC grew its stake in Bright Horizons Family Solutions by 6.3% in the first quarter. FMR LLC now owns 313,324 shares of the company’s stock valued at $39,827,000 after acquiring an additional 18,502 shares during the period. Amundi Pioneer Asset Management Inc. grew its stake in Bright Horizons Family Solutions by 127.3% in the first quarter. Amundi Pioneer Asset Management Inc. now owns 7,955 shares of the company’s stock valued at $1,011,000 after acquiring an additional 4,455 shares during the period. Morgan Stanley grew its stake in Bright Horizons Family Solutions by 238.5% in the second quarter. Morgan Stanley now owns 105,545 shares of the company’s stock valued at $15,528,000 after acquiring an additional 74,362 shares during the period. PNC Financial Services Group Inc. grew its stake in Bright Horizons Family Solutions by 5.5% in the third quarter. PNC Financial Services Group Inc. now owns 5,814 shares of the company’s stock valued at $811,000 after acquiring an additional 302 shares during the period. Finally, Advisor Group Holdings Inc. grew its stake in Bright Horizons Family Solutions by 9.1% in the third quarter. Advisor Group Holdings Inc. now owns 22,266 shares of the company’s stock valued at $3,106,000 after acquiring an additional 1,866 shares during the period. 98.60% of the stock is owned by hedge funds and other institutional investors.

Bright Horizons Family Solutions Company Profile (Get Rating)

Bright Horizons Family Solutions Inc provides early education and child care, back-up care, educational advisory, and other workplace solutions services 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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