Bright Horizons Family Solutions Inc. (NYSE:BFAM) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report released on Tuesday.

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. “

A number of other research firms also recently issued reports on BFAM. Credit Suisse Group AG reiterated a “buy” rating and set a $74.00 price target on shares of Bright Horizons Family Solutions in a research note on Friday, September 16th. William Blair downgraded Bright Horizons Family Solutions from an “outperform” rating to a “market weight” rating in a research note on Wednesday, November 2nd. Jefferies Group upgraded Bright Horizons Family Solutions from a “neutral” rating to an “overweight” rating and set a $76.00 price target for the company in a research note on Monday, August 15th. JPMorgan Chase & Co. upgraded Bright Horizons Family Solutions from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $70.00 to $76.00 in a research note on Monday, August 15th. Finally, Barclays PLC restated a “buy” rating on shares of Bright Horizons Family Solutions in a research note on Friday, November 11th. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $73.17.

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

Shares of Bright Horizons Family Solutions (NYSE:BFAM) traded down 0.17% during midday trading on Tuesday, hitting $69.80. The company had a trading volume of 267,177 shares. The stock’s 50-day moving average price is $67.38 and its 200-day moving average price is $66.78. Bright Horizons Family Solutions has a one year low of $59.00 and a one year high of $72.80. The stock has a market capitalization of $4.15 billion, a price-to-earnings ratio of 42.23 and a beta of 0.17.

Bright Horizons Family Solutions (NYSE:BFAM) last released its quarterly earnings results on Tuesday, November 1st. The company reported $0.49 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.50 by $0.01. The company had revenue of $383.90 million for the quarter, compared to analyst estimates of $387.82 million. Bright Horizons Family Solutions had a net margin of 6.58% and a return on equity of 16.87%. Bright Horizons Family Solutions’s revenue for the quarter was up 4.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.43 EPS. Analysts predict that Bright Horizons Family Solutions will post $2.15 EPS for the current year.

ILLEGAL ACTIVITY WARNING: This news story was reported by The Cerbat Gem and is owned by of The Cerbat Gem. If you are accessing this news story on another website, it was copied illegally and republished in violation of United States and international trademark and copyright legislation. The legal version of this news story can be viewed at https://www.thecerbatgem.com/2016/11/29/bright-horizons-family-solutions-inc-bfam-rating-increased-to-hold-at-zacks-investment-research.html.

In other Bright Horizons Family Solutions news, Director Roger H. Brown sold 37,440 shares of the business’s stock in a transaction on Monday, November 14th. The shares were sold at an average price of $70.07, for a total transaction of $2,623,420.80. Following the sale, the director now owns 4,473 shares of the company’s stock, valued at approximately $313,423.11. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, President Stephen Howard Kramer sold 6,666 shares of the business’s stock in a transaction on Thursday, October 20th. The shares were sold at an average price of $65.96, for a total transaction of $439,689.36. The disclosure for this sale can be found here. 4.00% of the stock is currently owned by corporate insiders.

A number of large investors have recently modified their holdings of BFAM. Capital Fund Management S.A. acquired a new stake in shares of Bright Horizons Family Solutions during the second quarter worth about $942,000. FNY Managed Accounts LLC acquired a new stake in shares of Bright Horizons Family Solutions during the second quarter worth about $215,000. Strs Ohio boosted its stake in shares of Bright Horizons Family Solutions by 66.7% in the second quarter. Strs Ohio now owns 6,500 shares of the company’s stock worth $431,000 after buying an additional 2,600 shares during the last quarter. Daiwa Securities Group Inc. acquired a new stake in shares of Bright Horizons Family Solutions during the second quarter worth about $385,000. Finally, Profit Investment Management LLC acquired a new stake in shares of Bright Horizons Family Solutions during the second quarter worth about $410,000. 99.56% of the stock is currently owned by institutional investors and hedge funds.

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. The Company’s segments include full service center-based care services, back-up dependent care services and other educational advisory services.

5 Day Chart for NYSE:BFAM

Receive News & Stock Ratings for Bright Horizons Family Solutions Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bright Horizons Family Solutions Inc. and related stocks with our FREE daily email newsletter.