Bread Financial (NYSE:BFH) Stock Rating Lowered by Argus

Bread Financial (NYSE:BFH) was downgraded by Argus from a “buy” rating to a “hold” rating in a note issued to investors on Wednesday, Marketbeat Ratings reports.

A number of other brokerages have also commented on BFH. JPMorgan Chase & Co. boosted their price target on Bread Financial from $36.00 to $40.00 and gave the company a “neutral” rating in a report on Friday, January 26th. BMO Capital Markets upped their price target on Bread Financial from $31.00 to $33.00 and gave the stock a “market perform” rating in a research report on Friday, April 26th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $36.00 price objective on shares of Bread Financial in a report on Friday, January 26th. Barclays reduced their target price on shares of Bread Financial from $27.00 to $26.00 and set an “underweight” rating for the company in a report on Tuesday, April 9th. Finally, 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. Four equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $39.17.

Bread Financial Trading Up 7.3 %

NYSE BFH opened at $41.20 on Wednesday. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.18 and a quick ratio of 1.18. The stock’s 50-day moving average is $36.65 and its 200-day moving average is $33.25. Bread Financial has a one year low of $23.19 and a one year high of $41.89. The firm has a market cap of $2.04 billion, a P/E ratio of 5.19, a P/E/G ratio of 0.16 and a beta of 1.92.

Bread Financial (NYSE:BFH) last announced its quarterly earnings results on Thursday, April 25th. The company reported $2.73 earnings per share for the quarter, missing analysts’ consensus estimates of $2.92 by ($0.19). Bread Financial had a net margin of 8.08% and a return on equity of 14.44%. The company had revenue of $991.00 million during the quarter, compared to the consensus estimate of $998.96 million. During the same period in the previous year, the firm posted $9.08 EPS. The business’s quarterly revenue was down 23.1% compared to the same quarter last year. Sell-side analysts anticipate that Bread Financial will post 5.72 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Bread Financial

Hedge funds have recently added to or reduced their stakes in the business. Allspring Global Investments Holdings LLC raised its position in shares of Bread Financial by 19.0% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 3,771 shares of the company’s stock valued at $124,000 after purchasing an additional 603 shares during the period. Quadrature Capital Ltd lifted its position in Bread Financial by 2.4% during the fourth quarter. Quadrature Capital Ltd now owns 25,993 shares of the company’s stock worth $856,000 after acquiring an additional 611 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of Bread Financial by 3.0% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 22,506 shares of the company’s stock worth $770,000 after acquiring an additional 660 shares during the period. Brooktree Capital Management grew its position in shares of Bread Financial by 0.6% in the fourth quarter. Brooktree Capital Management now owns 137,733 shares of the company’s stock valued at $4,537,000 after purchasing an additional 853 shares during the last quarter. Finally, Olympiad Research LP lifted its holdings in Bread Financial by 7.1% during the 4th quarter. Olympiad Research LP now owns 12,933 shares of the company’s stock worth $426,000 after purchasing an additional 859 shares during the last quarter. Institutional investors and hedge funds own 99.52% of the company’s stock.

About Bread Financial

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.