Bread Financial (NYSE:BFH) PT Raised to $50.00

Bread Financial (NYSE:BFH) had its price objective hoisted by investment analysts at TD Cowen from $48.00 to $50.00 in a research note issued to investors on Monday, Benzinga reports. The brokerage presently has a “hold” rating on the stock. TD Cowen’s price objective points to a potential downside of 0.20% from the company’s current price.

Several other equities analysts have also commented on the stock. Royal Bank of Canada increased their price target on shares of Bread Financial from $47.00 to $58.00 and gave the company a “sector perform” rating in a research note on Friday, July 26th. The Goldman Sachs Group increased their price target on shares of Bread Financial from $40.00 to $53.00 and gave the company a “sell” rating in a research note on Monday, July 29th. Barclays dropped their price target on shares of Bread Financial from $35.00 to $34.00 and set an “underweight” rating on the stock in a research note on Friday, October 25th. JPMorgan Chase & Co. increased their price target on shares of Bread Financial from $48.00 to $59.00 and gave the company a “neutral” rating in a research note on Tuesday, August 20th. Finally, Bank of America dropped their price target on shares of Bread Financial from $61.00 to $57.00 and set a “buy” rating on the stock in a research note on Wednesday, September 25th. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, Bread Financial has a consensus rating of “Hold” and a consensus target price of $49.50.

Bread Financial Stock Down 2.2 %

BFH stock opened at $50.10 on Monday. The company’s 50 day moving average price is $51.58 and its 200 day moving average price is $46.42. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.19 and a current ratio of 1.19. Bread Financial has a fifty-two week low of $26.08 and a fifty-two week high of $59.66. The firm has a market capitalization of $2.48 billion, a price-to-earnings ratio of 6.40, a PEG ratio of 0.17 and a beta of 1.94.

Bread Financial (NYSE:BFH) last released its earnings results on Thursday, October 24th. The company reported $1.83 earnings per share for the quarter, missing analysts’ consensus estimates of $1.86 by ($0.03). Bread Financial had a return on equity of 16.24% and a net margin of 9.77%. The firm had revenue of $983.00 million for the quarter, compared to analysts’ expectations of $981.26 million. During the same quarter in the previous year, the company posted $3.46 earnings per share. The firm’s quarterly revenue was down 4.7% on a year-over-year basis. On average, equities research analysts anticipate that Bread Financial will post 7.44 EPS for the current fiscal year.

Institutional Investors Weigh In On Bread Financial

Hedge funds have recently modified their holdings of the stock. Headlands Technologies LLC acquired a new stake in shares of Bread Financial during the first quarter worth $33,000. GAMMA Investing LLC lifted its holdings in shares of Bread Financial by 33.5% during the third quarter. GAMMA Investing LLC now owns 1,035 shares of the company’s stock worth $49,000 after purchasing an additional 260 shares during the period. CWM LLC lifted its holdings 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 acquiring an additional 550 shares during the period. Point72 DIFC Ltd lifted its holdings 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 acquiring an additional 397 shares during the period. Finally, National Bank of Canada FI lifted its holdings in Bread Financial by 70.3% in the second quarter. National Bank of Canada FI now owns 1,938 shares of the company’s stock valued at $88,000 after acquiring an additional 800 shares during the period. 99.52% of the stock is owned by institutional investors and hedge funds.

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.