Bright Horizons Family Solutions Downgraded by Zacks to Neutral (BFAM)
Bright Horizons Family Solutions (NASDAQ:BFAM) was downgraded by Zacks from an “outperform” rating to a “neutral” rating in a research report issued to clients and investors on Wednesday, Analyst Ratings Network.com reports. They currently have a $39.10 target price on the stock. Zacks‘ target price would suggest a potential upside of 14.26% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at BMO Capital Markets raised their price target on shares of Bright Horizons Family Solutions from $34.00 to $39.00 in a research note to investors on Friday, August 9th. They now have a “market perform” rating on the stock. Separately, analysts at Barclays Capital raised their price target on shares of Bright Horizons Family Solutions from $36.00 to $40.00 in a research note to investors on Friday, August 9th. They now have an “overweight” rating on the stock. Finally, analysts at Jefferies Group reiterated a “buy” rating on shares of Bright Horizons Family Solutions in a research note to investors on Friday, August 9th. They now have a $43.00 price target on the stock, up previously from $41.00. Six research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $36.51.
In other Bright Horizons Family Solutions news, COO Mary Ann Tocio sold 11,062 shares of the stock in a transaction that occurred on Wednesday, September 25th. The shares were sold at an average price of $37.00, for a total transaction of $409,294.00. Following the completion of the transaction, the chief operating officer now directly owns 179,466 shares in the company, valued at approximately $6,640,242. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
Bright Horizons Family Solutions (NASDAQ:BFAM) traded up 1.14% during mid-day trading on Wednesday, hitting $34.61. The stock had a trading volume of 62,167 shares. Bright Horizons Family Solutions has a one year low of $27.50 and a one year high of $38.39. The stock has a 50-day moving average of $36.39 and a 200-day moving average of $34.84. The company’s market cap is $2.244 billion.
Bright Horizons Family Solutions (NASDAQ:BFAM) last released its earnings data on Thursday, August 8th. The company reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.03. The company had revenue of $311.00 million for the quarter, compared to the consensus estimate of $305.88 million. The company’s revenue for the quarter was up 14.6% on a year-over-year basis. Analysts expect that Bright Horizons Family Solutions will post $1.20 EPS for the current fiscal year.
Bright Horizons Family Solution Inc, provider of child care and early education services, as well as other services designed to help employers and families better address the challenges of work and life.
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