Market Overview

J.P. Morgan Reiterates Neutral Rating on Bright Horizons Family Solutions on Healthy 2013 Outlook

Share:
Related BFAM
How To Profit From An Education Revolution
What Falling Estimates & Price Mean for Bridgepoint Education (BPI) - Tale of the Tape
Bright Horizons to report Q4 results on Feb. 12 (Seeking Alpha)

In a report published Friday, J.P. Morgan analyst Jeffrey Y. Volshteyn reiterated his Neutral rating and $30.00 price target on Bright Horizons Family Solutions (NYSE: BFAM).

In the report, Volshteyn noted, “Wednesday afternoon, Bright Horizons (BFAM) reported its 4Q12 adj. net income of $7.8mln vs. our est. of $6.7mln. Mgmt guided for 2013 organic revenue growth of 6%-8% (vs. our estimate of 7%), reflecting healthy business trends, and an additional 1%-3% of acquired revenue growth (vs. our 2% est). Notably, mgmt provided a long list of metrics for 1Q13 and 2013, reflecting the impact of its recent IPO and refinancing. We are slightly tweaking up our estimates. While we like BFAM's positioning in the employer-sponsored child care segment, we believe that current valuation fairly reflects BFAM's growth prospects. We would recommend adding to a BFAM position on a pullback.”

Bright Horizons Family Solutions closed on Thursday at $33.04.

Latest Ratings for BFAM

DateFirmActionFromTo
Dec 2014BarclaysMaintainsOverweight
Nov 2014Bank of AmericaMaintainsBuy
Nov 2014Credit SuisseMaintainsOutperform

View More Analyst Ratings for BFAM
View the Latest Analyst Ratings

Posted-In: J.P. MorganAnalyst Color Reiteration Analyst Ratings

 

Related Articles (BFAM)

Around the Web, We're Loving...

Get Benzinga's Newsletters