Citigroup downgraded shares of Bright Horizons Family Solutions (NYSE:BFAM) from a buy rating to a neutral rating in a research note released on Friday morning, MarketBeat.com reports. The analysts noted that the move was a valuation call.

Several other research analysts have also recently weighed in on the stock. Zacks Investment Research cut shares of Bright Horizons Family Solutions from a buy rating to a hold rating in a report on Tuesday, April 10th. JPMorgan Chase & Co. increased their price target on shares of Bright Horizons Family Solutions from $103.00 to $106.00 and gave the company an overweight rating in a report on Tuesday, May 1st. Bank of America increased their price target on shares of Bright Horizons Family Solutions from $105.00 to $110.00 and gave the company a buy rating in a report on Tuesday, May 1st. Finally, BMO Capital Markets lowered their price target on shares of Bright Horizons Family Solutions from $107.00 to $105.00 and set a market perform rating on the stock in a report on Tuesday, May 1st. Eight analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Bright Horizons Family Solutions has an average rating of Hold and a consensus target price of $104.91.

Bright Horizons Family Solutions stock opened at $110.69 on Friday. The stock has a market capitalization of $6.39 billion, a price-to-earnings ratio of 43.41, a P/E/G ratio of 2.48 and a beta of 0.07. The company has a current ratio of 0.38, a quick ratio of 0.38 and a debt-to-equity ratio of 1.42. Bright Horizons Family Solutions has a twelve month low of $77.68 and a twelve month high of $112.68.

Bright Horizons Family Solutions (NYSE:BFAM) last released its quarterly earnings results on Thursday, August 2nd. The company reported $0.87 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.85 by $0.02. The firm had revenue of $490.00 million for the quarter, compared to analysts’ expectations of $486.63 million. Bright Horizons Family Solutions had a net margin of 8.58% and a return on equity of 21.28%. The business’s revenue was up 10.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.74 EPS. equities analysts forecast that Bright Horizons Family Solutions will post 2.96 earnings per share for the current fiscal year.

In other news, Director Mary Ann Tocio sold 3,600 shares of the firm’s stock in a transaction that occurred on Friday, June 1st. The shares were sold at an average price of $101.22, for a total transaction of $364,392.00. Following the transaction, the director now directly owns 64,218 shares of the company’s stock, valued at $6,500,145.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Elizabeth J. Boland sold 6,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 17th. The stock was sold at an average price of $99.09, for a total transaction of $594,540.00. Following the transaction, the chief financial officer now directly owns 140,113 shares in the company, valued at $13,883,797.17. The disclosure for this sale can be found here. Insiders have sold 36,032 shares of company stock worth $3,768,386 over the last ninety days. Insiders own 2.20% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the company. SG Americas Securities LLC bought a new position in shares of Bright Horizons Family Solutions during the first quarter worth approximately $102,000. Quantbot Technologies LP increased its holdings in shares of Bright Horizons Family Solutions by 243.6% during the first quarter. Quantbot Technologies LP now owns 1,412 shares of the company’s stock worth $140,000 after purchasing an additional 1,001 shares during the period. Whittier Trust Co. of Nevada Inc. increased its holdings in shares of Bright Horizons Family Solutions by 61.3% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 1,953 shares of the company’s stock worth $195,000 after purchasing an additional 742 shares during the period. Chicago Capital LLC bought a new position in shares of Bright Horizons Family Solutions during the second quarter worth approximately $201,000. Finally, CIBC Asset Management Inc bought a new position in shares of Bright Horizons Family Solutions during the first quarter worth approximately $201,000. 99.60% of the stock is currently owned by institutional investors.

Bright Horizons Family Solutions Company Profile

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

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

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