Bright Horizons Family Solutions (NYSE:BFAM) Cut to “Hold” at Zacks Research

Zacks Research cut shares of Bright Horizons Family Solutions (NYSE:BFAM) from a strong-buy rating to a hold rating in a research report released on Tuesday,Zacks.com reports.

BFAM has been the topic of a number of other reports. Weiss Ratings restated a “hold (c)” rating on shares of Bright Horizons Family Solutions in a research note on Monday. The Goldman Sachs Group reduced their target price on Bright Horizons Family Solutions from $146.00 to $130.00 and set a “buy” rating for the company in a report on Friday, October 31st. UBS Group upped their price target on shares of Bright Horizons Family Solutions from $112.00 to $120.00 and gave the stock a “neutral” rating in a research note on Friday, October 31st. Wall Street Zen downgraded shares of Bright Horizons Family Solutions from a “buy” rating to a “hold” rating in a report on Sunday, November 30th. Finally, Morgan Stanley reduced their price objective on shares of Bright Horizons Family Solutions from $99.00 to $93.00 and set an “underweight” rating for the company in a research note on Wednesday, December 17th. Three equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $128.29.

Bright Horizons Family Solutions Stock Down 0.7%

BFAM stock opened at $101.46 on Tuesday. The stock has a market capitalization of $5.74 billion, a PE ratio of 29.16, a price-to-earnings-growth ratio of 1.39 and a beta of 1.41. The company has a fifty day moving average of $100.84 and a 200-day moving average of $109.43. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.54 and a current ratio of 0.54. Bright Horizons Family Solutions has a one year low of $91.49 and a one year high of $132.99.

Bright Horizons Family Solutions (NYSE:BFAM) last issued its quarterly earnings results on Thursday, October 30th. The company reported $1.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.32 by $0.25. The business had revenue of $802.81 million for the quarter, compared to analyst estimates of $781.16 million. Bright Horizons Family Solutions had a net margin of 6.98% and a return on equity of 17.07%. The business’s revenue was up 11.6% compared to the same quarter last year. During the same period in the previous year, the business posted $1.11 earnings per share. Bright Horizons Family Solutions has set its FY 2025 guidance at 4.480-4.530 EPS. As a group, analysts expect that Bright Horizons Family Solutions will post 3.61 EPS for the current year.

Hedge Funds Weigh In On Bright Horizons Family Solutions

Several hedge funds have recently added to or reduced their stakes in BFAM. Mirova raised its position in Bright Horizons Family Solutions by 0.9% during the third quarter. Mirova now owns 41,728 shares of the company’s stock worth $4,530,000 after acquiring an additional 385 shares during the last quarter. Tudor Investment Corp ET AL purchased a new stake in Bright Horizons Family Solutions in the 3rd quarter valued at approximately $19,098,000. Allworth Financial LP lifted its stake in Bright Horizons Family Solutions by 441.3% in the 3rd quarter. Allworth Financial LP now owns 747 shares of the company’s stock valued at $81,000 after buying an additional 609 shares in the last quarter. Swiss Life Asset Management Ltd acquired a new stake in Bright Horizons Family Solutions during the 3rd quarter valued at $291,000. Finally, CIBC Bancorp USA Inc. purchased a new position in Bright Horizons Family Solutions during the third quarter worth $435,000.

About Bright Horizons Family Solutions

Bright Horizons Family Solutions, Inc (NYSE: BFAM) is a leading provider of employer-sponsored child care and early education services, offering a range of solutions designed to support working families and organizations. Through a network of on-site, near-site and center-based programs, the company partners with corporate and nonprofit clients to deliver infant, toddler, preschool and school-age care. Services emphasize age-appropriate curriculum, developmental milestones and community engagement to ensure high-quality learning experiences.