Bread Financial (NYSE:BFH) PT Raised to $59.00

Bread Financial (NYSE:BFH) had its price target boosted by investment analysts at JPMorgan Chase & Co. from $48.00 to $59.00 in a note issued to investors on Tuesday, Benzinga reports. The firm currently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price objective indicates a potential upside of 6.88% from the company’s current price.

BFH has been the topic of several other research reports. Evercore ISI upgraded shares of Bread Financial from an “underperform” rating to an “in-line” rating and boosted their target price for the company from $42.00 to $45.00 in a research note on Thursday, June 20th. Argus cut Bread Financial from a “buy” rating to a “hold” rating in a report on Wednesday, May 1st. Jefferies Financial Group lifted their price target on Bread Financial from $35.00 to $45.00 and gave the company a “hold” rating in a report on Tuesday, July 9th. BTIG Research began coverage on Bread Financial in a report on Friday, June 7th. They issued a “neutral” rating for the company. Finally, Compass Point lifted their price target on Bread Financial from $54.00 to $60.00 and gave the company a “buy” rating in a report on Friday, July 26th. Three research analysts have rated the stock with a sell rating, ten have given a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, Bread Financial presently has an average rating of “Hold” and an average target price of $49.53.

Bread Financial Stock Performance

BFH traded down $0.13 during trading on Tuesday, reaching $55.20. 185,997 shares of the company’s stock were exchanged, compared to its average volume of 823,981. Bread Financial has a fifty-two week low of $26.08 and a fifty-two week high of $55.80. The company has a quick ratio of 1.18, a current ratio of 1.19 and a debt-to-equity ratio of 0.41. The business has a 50 day moving average price of $47.34 and a 200 day moving average price of $41.23. The company has a market capitalization of $2.74 billion, a P/E ratio of 6.97, a PEG ratio of 0.18 and a beta of 1.98.

Bread Financial (NYSE:BFH) last issued its earnings results on Thursday, July 25th. The company reported $2.66 EPS for the quarter, beating the consensus estimate of $1.60 by $1.06. Bread Financial had a net margin of 9.77% and a return on equity of 16.24%. The company had revenue of $939.00 million for the quarter, compared to the consensus estimate of $922.01 million. During the same quarter in the previous year, the company earned $1.27 EPS. The firm’s revenue for the quarter was down 1.4% compared to the same quarter last year. As a group, analysts predict that Bread Financial will post 7.04 earnings per share for the current fiscal year.

Institutional Trading of Bread Financial

Several large investors have recently modified their holdings of the stock. Arizona State Retirement System grew its holdings in shares of Bread Financial by 2.1% during the 2nd quarter. Arizona State Retirement System now owns 13,836 shares of the company’s stock worth $617,000 after purchasing an additional 279 shares in the last quarter. Point72 DIFC Ltd boosted its stake in Bread Financial by 30.0% in the second quarter. Point72 DIFC Ltd now owns 1,721 shares of the company’s stock valued at $77,000 after buying an additional 397 shares in the last quarter. Louisiana State Employees Retirement System boosted its stake in Bread Financial by 2.0% in the second quarter. Louisiana State Employees Retirement System now owns 24,900 shares of the company’s stock valued at $1,110,000 after buying an additional 500 shares in the last quarter. CWM LLC boosted its stake in Bread Financial by 47.5% in the second quarter. CWM LLC now owns 1,708 shares of the company’s stock valued at $76,000 after buying an additional 550 shares in the last quarter. Finally, Ensign Peak Advisors Inc boosted its stake in Bread Financial by 3.3% in the second quarter. Ensign Peak Advisors Inc now owns 18,592 shares of the company’s stock valued at $828,000 after buying an additional 600 shares in the last quarter. 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.