Bright Horizons Family Solutions (NYSE:BFAM) Downgraded by ValuEngine to “Hold”

ValuEngine cut shares of Bright Horizons Family Solutions (NYSE:BFAM) from a buy rating to a hold rating in a report released on Wednesday, ValuEngine reports.

A number of other equities analysts have also weighed in on BFAM. BMO Capital Markets raised shares of Bright Horizons Family Solutions from a market perform rating to an outperform rating and upped their target price for the stock from $152.00 to $166.00 in a research note on Wednesday, September 11th. Goldman Sachs Group raised shares of Bright Horizons Family Solutions from a neutral rating to a buy rating in a research note on Thursday, June 20th. Finally, Zacks Investment Research lowered shares of Bright Horizons Family Solutions from a buy rating to a hold rating in a research note on Tuesday. Five equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Bright Horizons Family Solutions has a consensus rating of Hold and a consensus price target of $136.57.

Shares of BFAM traded up $0.49 during trading hours on Wednesday, reaching $154.05. The stock had a trading volume of 182,286 shares, compared to its average volume of 231,549. The company has a quick ratio of 0.41, a current ratio of 0.41 and a debt-to-equity ratio of 1.18. Bright Horizons Family Solutions has a 52 week low of $105.15 and a 52 week high of $168.28. The firm has a 50-day moving average of $158.93 and a 200 day moving average of $144.10. The company has a market cap of $8.84 billion, a P/E ratio of 50.84, a P/E/G ratio of 4.42 and a beta of 0.28.

Bright Horizons Family Solutions (NYSE:BFAM) last released its quarterly earnings data on Thursday, August 1st. The company reported $0.92 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.92. Bright Horizons Family Solutions had a net margin of 8.67% and a return on equity of 23.29%. The business had revenue of $528.06 million during the quarter, compared to analysts’ expectations of $531.13 million. During the same quarter in the prior year, the company earned $0.87 EPS. The firm’s quarterly revenue was up 7.8% on a year-over-year basis. As a group, equities analysts expect that Bright Horizons Family Solutions will post 3.4 earnings per share for the current year.

In other news, EVP Stephen I. Dreier sold 2,768 shares of the stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $166.75, for a total transaction of $461,564.00. Following the completion of the transaction, the executive vice president now directly owns 41,023 shares in the company, valued at approximately $6,840,585.25. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Marguerite Kondracke sold 3,000 shares of the stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $149.20, for a total transaction of $447,600.00. Following the transaction, the director now owns 11,457 shares of the company’s stock, valued at $1,709,384.40. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 53,790 shares of company stock valued at $8,456,878. Company insiders own 1.90% of the company’s stock.

Several institutional investors have recently bought and sold shares of the company. Price T Rowe Associates Inc. MD boosted its stake in shares of Bright Horizons Family Solutions by 7.4% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 7,522,558 shares of the company’s stock worth $1,134,928,000 after buying an additional 519,883 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of Bright Horizons Family Solutions by 1.3% during the 2nd quarter. Vanguard Group Inc. now owns 5,281,318 shares of the company’s stock worth $796,793,000 after buying an additional 69,561 shares during the last quarter. BlackRock Inc. boosted its stake in shares of Bright Horizons Family Solutions by 4.9% during the 2nd quarter. BlackRock Inc. now owns 3,182,061 shares of the company’s stock worth $480,078,000 after buying an additional 148,834 shares during the last quarter. Neuberger Berman Group LLC boosted its stake in shares of Bright Horizons Family Solutions by 9.4% during the 1st quarter. Neuberger Berman Group LLC now owns 1,734,443 shares of the company’s stock worth $220,465,000 after buying an additional 148,453 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in shares of Bright Horizons Family Solutions by 4.5% during the 2nd quarter. JPMorgan Chase & Co. now owns 1,326,130 shares of the company’s stock worth $198,919,000 after buying an additional 56,785 shares during the last quarter. Institutional investors own 97.01% of the company’s stock.

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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