Bread Financial (NYSE:BFH) Stock Rating Lowered by Wall Street Zen

Bread Financial (NYSE:BFH) was downgraded by stock analysts at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a report released on Saturday.

Several other equities analysts have also recently issued reports on the company. Barclays lifted their price target on Bread Financial from $61.00 to $64.00 and gave the company an “underweight” rating in a research report on Friday, January 30th. JPMorgan Chase & Co. reiterated an “underweight” rating and issued a $72.00 price target on shares of Bread Financial in a research report on Thursday, December 4th. Evercore raised shares of Bread Financial from a “hold” rating to an “outperform” rating and set a $90.00 price target for the company in a report on Thursday, February 5th. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $83.00 price objective on shares of Bread Financial in a research note on Monday, January 12th. Finally, UBS Group assumed coverage on shares of Bread Financial in a research note on Thursday, January 8th. They set a “buy” rating and a $92.00 target price for the company. Five analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $80.09.

Bread Financial Stock Up 0.8%

BFH opened at $75.62 on Friday. Bread Financial has a 12 month low of $38.21 and a 12 month high of $82.03. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.17 and a quick ratio of 1.17. The stock has a market cap of $3.26 billion, a P/E ratio of 6.98, a P/E/G ratio of 0.48 and a beta of 1.26. The stock’s 50 day moving average price is $74.56 and its 200 day moving average price is $67.03.

Bread Financial (NYSE:BFH) last announced its quarterly earnings results on Thursday, January 29th. The company reported $2.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.40 by $1.67. The company had revenue of $975.00 million during the quarter, compared to analyst estimates of $954.74 million. Bread Financial had a return on equity of 17.92% and a net margin of 11.02%.During the same quarter in the previous year, the firm posted $0.41 EPS. As a group, research analysts predict that Bread Financial will post 6.45 earnings per share for the current year.

Institutional Investors Weigh In On Bread Financial

Hedge funds have recently bought and sold shares of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Bread Financial by 4.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 29,589 shares of the company’s stock valued at $1,482,000 after acquiring an additional 1,286 shares in the last quarter. Millennium Management LLC grew its stake in Bread Financial by 46.5% in the first quarter. Millennium Management LLC now owns 345,902 shares of the company’s stock valued at $17,323,000 after purchasing an additional 109,864 shares in the last quarter. Goldman Sachs Group Inc. increased its position in Bread Financial by 104.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 736,604 shares of the company’s stock worth $36,889,000 after purchasing an additional 376,920 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of Bread Financial by 3.0% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 157,833 shares of the company’s stock worth $7,904,000 after purchasing an additional 4,624 shares in the last quarter. Finally, Strs Ohio acquired a new position in Bread Financial in the first quarter worth approximately $65,000. 99.52% of the stock is owned by hedge funds and other institutional investors.

Bread Financial Company Profile

Bread Financial, formerly known as Alliance Data Systems, is a Columbus, Ohio–based financial services company that specializes in providing private label credit programs, co-brand credit cards and digital payment solutions for retail partners. The company designs, issues and services proprietary credit products, enabling merchants to offer branded financing options that drive customer loyalty and increase basket sizes at the point of sale. Through its Bread technology platform, Bread Financial delivers installment-based payment options that integrate directly into e-commerce and in-store checkout experiences.

In addition to its core credit offerings, Bread Financial provides analytics, marketing and loyalty services to help merchants better understand consumer behavior and optimize promotional strategies.