Compass Point Raises Bread Financial (NYSE:BFH) Price Target to $87.00

Bread Financial (NYSE:BFH) had its price target boosted by equities researchers at Compass Point from $75.00 to $87.00 in a report issued on Tuesday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Compass Point’s price target would suggest a potential upside of 33.82% from the company’s previous close.

A number of other research analysts have also recently commented on the company. TD Cowen increased their target price on Bread Financial from $48.00 to $50.00 and gave the company a “hold” rating in a research note on Monday, October 28th. Morgan Stanley raised Bread Financial from an “underweight” rating to an “overweight” rating and raised their price objective for the company from $35.00 to $76.00 in a report on Thursday, December 19th. Bank of America cut their target price on Bread Financial from $61.00 to $57.00 and set a “buy” rating for the company in a research note on Wednesday, September 25th. Keefe, Bruyette & Woods boosted their price objective on shares of Bread Financial from $67.00 to $88.00 and gave the stock an “outperform” rating in a report on Monday, December 9th. Finally, Evercore ISI increased their target price on shares of Bread Financial from $52.00 to $54.00 and gave the company an “in-line” rating in a report on Wednesday, October 30th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Bread Financial currently has a consensus rating of “Hold” and an average price target of $57.07.

Bread Financial Stock Performance

Shares of BFH opened at $65.01 on Tuesday. Bread Financial has a 12-month low of $28.00 and a 12-month high of $66.71. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.33. The company has a market cap of $3.23 billion, a PE ratio of 10.35 and a beta of 1.94. The stock has a 50-day moving average price of $60.88 and a 200-day moving average price of $54.80.

Bread Financial (NYSE:BFH) last announced its earnings results on Thursday, October 24th. The company reported $1.83 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.86 by ($0.03). The company had revenue of $983.00 million for the quarter, compared to the consensus estimate of $981.26 million. Bread Financial had a net margin of 6.37% and a return on equity of 13.33%. The company’s revenue for the quarter was down 4.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.46 earnings per share. As a group, equities analysts forecast that Bread Financial will post 7.64 earnings per share for the current fiscal year.

Insider Activity at Bread Financial

In other news, Director John J. Fawcett acquired 1,000 shares of the business’s stock in a transaction on Monday, October 28th. The shares were acquired at an average cost of $51.02 per share, with a total value of $51,020.00. Following the transaction, the director now owns 6,473 shares in the company, valued at $330,252.46. The trade was a 18.27 % increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. 0.62% of the stock is owned by corporate insiders.

Institutional Trading of Bread Financial

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Millennium Management LLC raised its position in Bread Financial by 81.6% in the 2nd quarter. Millennium Management LLC now owns 1,464,195 shares of the company’s stock worth $65,245,000 after buying an additional 657,968 shares during the last quarter. Point72 Asset Management L.P. boosted its stake in shares of Bread Financial by 152.9% in the 2nd quarter. Point72 Asset Management L.P. now owns 645,689 shares of the company’s stock worth $28,772,000 after buying an additional 390,413 shares during the last quarter. Jacobs Levy Equity Management Inc. grew its holdings 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 grew its holdings in shares of Bread Financial by 38.2% in the third quarter. Pzena Investment Management LLC now owns 880,827 shares of the company’s stock worth $41,910,000 after acquiring an additional 243,419 shares during the period. Finally, Rockefeller Capital Management L.P. bought a new position in Bread Financial in the third quarter valued at about $6,001,000. 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.