Bread Financial (NYSE:BFH) Raised to “Buy” at BTIG Research

Bread Financial (NYSE:BFH) was upgraded by research analysts at BTIG Research from a “neutral” rating to a “buy” rating in a research note issued to investors on Monday, MarketBeat Ratings reports. The brokerage currently has a $105.00 target price on the stock. BTIG Research’s price target suggests a potential upside of 74.83% from the stock’s current price.

A number of other equities analysts have also commented on the stock. Jefferies Financial Group raised their price target on shares of Bread Financial from $45.00 to $50.00 and gave the stock a “hold” rating in a research report on Thursday, April 24th. JMP Securities restated a “market perform” rating on shares of Bread Financial in a report on Monday, April 28th. The Goldman Sachs Group cut their target price on shares of Bread Financial from $68.00 to $58.00 and set a “sell” rating on the stock in a research note on Tuesday, March 18th. Royal Bank Of Canada restated a “sector perform” rating on shares of Bread Financial in a report on Monday. Finally, Morgan Stanley boosted their target price on Bread Financial from $36.00 to $39.00 and gave the stock an “underweight” rating in a research note on Monday, May 12th. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $63.92.

Bread Financial Trading Down 3.1%

Shares of NYSE BFH opened at $60.06 on Monday. The company has a 50-day moving average of $54.47 and a two-hundred day moving average of $54.22. The company has a market cap of $2.80 billion, a PE ratio of 10.67, a P/E/G ratio of 1.16 and a beta of 1.38. Bread Financial has a 1-year low of $38.21 and a 1-year high of $66.71. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.42.

Bread Financial (NYSE:BFH) last released its quarterly earnings data on Thursday, April 24th. The company reported $2.86 EPS for the quarter, beating analysts’ consensus estimates of $2.10 by $0.76. The business had revenue of $970.00 million during the quarter, compared to analysts’ expectations of $956.17 million. Bread Financial had a net margin of 5.89% and a return on equity of 12.60%. The firm’s quarterly revenue was down 2.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.73 EPS. As a group, equities analysts expect that Bread Financial will post 6.45 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Picton Mahoney Asset Management lifted its holdings in Bread Financial by 2,083.3% during the 4th quarter. Picton Mahoney Asset Management now owns 524 shares of the company’s stock valued at $32,000 after buying an additional 500 shares in the last quarter. Curat Global LLC acquired a new position in Bread Financial during the 1st quarter valued at approximately $28,000. Quarry LP raised its stake in Bread Financial by 947.5% in the 1st quarter. Quarry LP now owns 639 shares of the company’s stock worth $32,000 after acquiring an additional 578 shares during the last quarter. Pinnacle Holdings LLC purchased a new stake in Bread Financial in the fourth quarter valued at approximately $46,000. Finally, Versant Capital Management Inc boosted its holdings in shares of Bread Financial by 182.8% in the 1st quarter. Versant Capital Management Inc now owns 1,298 shares of the company’s stock valued at $65,000 after acquiring an additional 839 shares during the last quarter. Hedge funds and other institutional investors own 99.52% of the company’s stock.

Bread Financial Company Profile

Bread Financial Holdings, Inc provides tech-forward payment and lending solutions to customers and consumer-based industries in North America. It offers credit card and other loans financing services, including risk management solutions, account origination, and funding services for private label and co-brand credit card programs, as well as through Bread partnerships; and Comenity-branded general purpose cash-back credit.