Bright Horizons Family Solutions (NYSE:BFAM) Stock Rating Lowered by Zacks Investment Research


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Bright Horizons Family Solutions (NYSE:BFAM) was downgraded by Zacks Investment Research from a “hold” rating to a “strong sell” rating in a research note issued to investors on Tuesday, 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. “

BFAM has been the topic of several other reports. Robert W. Baird lowered shares of Bright Horizons Family Solutions from an “outperform” rating to a “neutral” rating and set a $150.00 price target on the stock. in a research report on Monday, November 2nd. BMO Capital Markets raised their price target on shares of Bright Horizons Family Solutions from $150.00 to $168.00 and gave the stock a “market perform” rating in a research report on Thursday, February 18th. Morgan Stanley raised their price target on shares of Bright Horizons Family Solutions from $136.00 to $153.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 6th. Barclays raised their price target on shares of Bright Horizons Family Solutions from $145.00 to $190.00 and gave the stock an “overweight” rating in a research report on Friday. Finally, Jefferies Financial Group raised their price target on shares of Bright Horizons Family Solutions from $189.00 to $210.00 and gave the stock a “buy” rating in a research report on Thursday, February 18th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company’s stock. Bright Horizons Family Solutions presently has an average rating of “Hold” and a consensus price target of $159.00.

BFAM traded up $2.84 during trading on Tuesday, hitting $168.97. The stock had a trading volume of 14,166 shares, compared to its average volume of 373,499. The firm has a market cap of $10.23 billion, a PE ratio of 137.37, a P/E/G ratio of 9.45 and a beta of 0.83. Bright Horizons Family Solutions has a 12 month low of $64.23 and a 12 month high of $182.49. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.83. The company has a 50 day simple moving average of $164.14 and a 200-day simple moving average of $155.87.

Bright Horizons Family Solutions (NYSE:BFAM) last announced its earnings results on Tuesday, February 16th. The company reported $0.36 EPS for the quarter, topping the consensus estimate of ($0.43) by $0.79. Bright Horizons Family Solutions had a net margin of 4.35% and a return on equity of 10.63%. As a group, sell-side analysts anticipate that Bright Horizons Family Solutions will post 0.56 earnings per share for the current fiscal year.

In other news, Director Mary Ann Tocio sold 3,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 10th. The shares were sold at an average price of $165.78, for a total transaction of $497,340.00. Following the completion of the sale, the director now owns 63,259 shares of the company’s stock, valued at $10,487,077.02. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, COO Mary Lou Burke sold 370 shares of Bright Horizons Family Solutions stock in a transaction that occurred on Tuesday, December 15th. The shares were sold at an average price of $168.41, for a total transaction of $62,311.70. Following the completion of the transaction, the chief operating officer now owns 31,486 shares of the company’s stock, valued at approximately $5,302,557.26. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 53,690 shares of company stock worth $9,381,936. 1.60% of the stock is owned by company insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Principal Financial Group Inc. grew its position in Bright Horizons Family Solutions by 14.8% during the 4th quarter. Principal Financial Group Inc. now owns 877,217 shares of the company’s stock worth $151,750,000 after acquiring an additional 112,918 shares during the last quarter. JPMorgan Chase & Co. grew its position in Bright Horizons Family Solutions by 1.1% during the 4th quarter. JPMorgan Chase & Co. now owns 1,096,266 shares of the company’s stock worth $189,643,000 after acquiring an additional 11,662 shares during the last quarter. Truist Financial Corp grew its position in Bright Horizons Family Solutions by 16.2% during the 4th quarter. Truist Financial Corp now owns 37,067 shares of the company’s stock worth $6,412,000 after acquiring an additional 5,162 shares during the last quarter. Canada Pension Plan Investment Board bought a new stake in Bright Horizons Family Solutions during the 4th quarter worth approximately $8,148,000. Finally, Sands Capital Management LLC bought a new stake in Bright Horizons Family Solutions during the 4th quarter worth approximately $61,131,000.

About Bright Horizons Family Solutions

Bright Horizons Family Solutions Inc provides child care and early education services, back-up care services, educational advisory services, and other workplace solutions for employers and families. The company operates through three segments: Full Service Center-Based Child Care, Back-Up Care, and Educational Advisory Services.

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