JMP Securities Reiterates “Market Perform” Rating for Bread Financial (NYSE:BFH)

Bread Financial (NYSE:BFH)‘s stock had its “market perform” rating restated by equities research analysts at JMP Securities in a research note issued to investors on Monday,Benzinga reports.

Several other analysts also recently weighed in on the stock. Morgan Stanley raised shares of Bread Financial from an “underweight” rating to an “overweight” rating and lifted their price target for the company from $35.00 to $76.00 in a research note on Thursday, December 19th. Evercore ISI lifted their target price on Bread Financial from $52.00 to $54.00 and gave the company an “in-line” rating in a research report on Wednesday, October 30th. Compass Point increased their price target on Bread Financial from $75.00 to $87.00 and gave the stock a “buy” rating in a research report on Tuesday, January 21st. Keefe, Bruyette & Woods upped their price objective on shares of Bread Financial from $67.00 to $88.00 and gave the stock an “outperform” rating in a research note on Monday, December 9th. Finally, Royal Bank of Canada increased their target price on Bread Financial from $62.00 to $68.00 and gave the company a “sector perform” rating in a research report on Friday, January 31st. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $59.69.

Bread Financial Stock Performance

BFH stock opened at $60.21 on Monday. Bread Financial has a twelve month low of $32.10 and a twelve month high of $66.71. The firm has a market cap of $2.99 billion, a price-to-earnings ratio of 10.85, a PEG ratio of 1.38 and a beta of 1.93. The business’s fifty day simple moving average is $62.05 and its two-hundred day simple moving average is $55.85. The company has a quick ratio of 1.19, a current ratio of 1.15 and a debt-to-equity ratio of 0.33.

Bread Financial (NYSE:BFH) last posted its quarterly earnings results on Thursday, January 30th. The company reported $0.41 EPS for the quarter, topping the consensus estimate of $0.34 by $0.07. Bread Financial had a net margin of 5.75% and a return on equity of 12.41%. Analysts predict that Bread Financial will post 6.46 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. State Street Corp lifted its stake in shares of Bread Financial by 2.1% in the 3rd quarter. State Street Corp now owns 2,034,554 shares of the company’s stock valued at $96,804,000 after purchasing an additional 41,012 shares during the period. Geode Capital Management LLC increased its holdings in Bread Financial by 1.2% in the third quarter. Geode Capital Management LLC now owns 1,155,989 shares of the company’s stock valued at $55,012,000 after buying an additional 13,459 shares in the last quarter. Jacobs Levy Equity Management Inc. raised its position in shares of Bread Financial by 30.2% in the third quarter. Jacobs Levy Equity Management Inc. now owns 1,121,329 shares of the company’s stock worth $53,353,000 after acquiring an additional 260,283 shares during the period. Pzena Investment Management LLC increased its stake in shares of Bread Financial by 38.2% in the 3rd quarter. Pzena Investment Management LLC now owns 880,827 shares of the company’s stock valued at $41,910,000 after purchasing an additional 243,419 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in Bread Financial by 1.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 730,531 shares of the company’s stock worth $34,759,000 after purchasing an additional 13,484 shares during the period. 99.52% of the stock is owned by institutional investors and hedge funds.

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.