Bread Financial (NYSE:BFH) Upgraded by Keefe, Bruyette & Woods to Outperform

Bread Financial (NYSE:BFH) was upgraded by stock analysts at Keefe, Bruyette & Woods from a “market perform” rating to an “outperform” rating in a report issued on Thursday, Briefing.com reports. The brokerage presently has a $67.00 target price on the stock, up from their prior target price of $38.00. Keefe, Bruyette & Woods’ price target suggests a potential upside of 74.57% from the stock’s current price.

Several other research analysts have also recently issued reports on BFH. Argus cut Bread Financial from a “buy” rating to a “hold” rating in a research report on Wednesday. Wolfe Research upgraded shares of Bread Financial from a “peer perform” rating to an “outperform” rating and set a $48.00 price target on the stock in a research note on Thursday, April 4th. Royal Bank of Canada restated a “sector perform” rating and issued a $36.00 price target on shares of Bread Financial in a research report on Friday, January 26th. Evercore ISI lowered shares of Bread Financial from an “in-line” rating to an “underperform” rating and increased their target price for the stock from $29.00 to $33.00 in a report on Wednesday, January 3rd. Finally, Barclays dropped their price target on shares of Bread Financial from $27.00 to $26.00 and set an “underweight” rating for the company in a research report on Tuesday, April 9th. Four research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $39.17.

Bread Financial Stock Up 4.0 %

BFH stock opened at $38.38 on Thursday. Bread Financial has a twelve month low of $23.19 and a twelve month high of $41.89. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.43. The business has a 50 day moving average of $36.56 and a 200 day moving average of $33.20. The firm has a market cap of $1.90 billion, a PE ratio of 4.83, a price-to-earnings-growth ratio of 0.15 and a beta of 1.93.

Bread Financial (NYSE:BFH) last released its quarterly earnings data on Thursday, April 25th. The company reported $2.73 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.92 by ($0.19). The business had revenue of $991.00 million during the quarter, compared to the consensus estimate of $998.96 million. Bread Financial had a net margin of 8.08% and a return on equity of 14.44%. The business’s revenue was down 23.1% compared to the same quarter last year. During the same period last year, the company posted $9.08 earnings per share. On average, research analysts forecast that Bread Financial will post 6.5 EPS for the current fiscal year.

Hedge Funds Weigh In On Bread Financial

A number of large investors have recently bought and sold shares of the business. Dimensional Fund Advisors LP raised its stake in shares of Bread Financial by 9.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,000,035 shares of the company’s stock valued at $98,823,000 after acquiring an additional 256,221 shares in the last quarter. Wellington Management Group LLP increased its stake in shares of Bread Financial by 7.8% during the fourth quarter. Wellington Management Group LLP now owns 2,107,253 shares of the company’s stock valued at $69,413,000 after buying an additional 152,954 shares during the period. Bank of New York Mellon Corp raised its holdings in shares of Bread Financial by 33.5% in the third quarter. Bank of New York Mellon Corp now owns 1,055,263 shares of the company’s stock valued at $36,090,000 after acquiring an additional 265,060 shares in the last quarter. Pzena Investment Management LLC grew its holdings in Bread Financial by 14.0% during the 4th quarter. Pzena Investment Management LLC now owns 807,557 shares of the company’s stock worth $26,601,000 after acquiring an additional 99,029 shares in the last quarter. Finally, Deutsche Bank AG increased its position in Bread Financial by 586.5% during the 3rd quarter. Deutsche Bank AG now owns 712,566 shares of the company’s stock valued at $24,370,000 after purchasing an additional 608,769 shares during the period. 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.