Bread Financial (NYSE:BFH) Price Target Raised to $68.00

Bread Financial (NYSE:BFH) had its price objective boosted by Royal Bank of Canada from $62.00 to $68.00 in a research note published on Friday morning,Benzinga reports. They currently have a sector perform rating on the stock.

Other equities analysts have also issued reports about the company. Compass Point increased their price objective on Bread Financial from $75.00 to $87.00 and gave the company a “buy” rating in a report on Tuesday, January 21st. Keefe, Bruyette & Woods increased their price target on Bread Financial from $67.00 to $88.00 and gave the stock an “outperform” rating in a research note on Monday, December 9th. The Goldman Sachs Group lifted their price objective on Bread Financial from $52.00 to $58.00 and gave the stock a “sell” rating in a report on Tuesday, November 19th. TD Cowen increased their target price on shares of Bread Financial from $48.00 to $50.00 and gave the stock a “hold” rating in a research report on Monday, October 28th. Finally, Evercore ISI boosted their price target on shares of Bread Financial from $52.00 to $54.00 and gave the company an “in-line” rating in a research report on Wednesday, October 30th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $59.69.

Bread Financial Trading Down 0.8 %

NYSE BFH opened at $63.23 on Friday. The business’s fifty day moving average is $61.93 and its 200-day moving average is $55.70. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.19 and a quick ratio of 1.19. The stock has a market capitalization of $3.14 billion, a price-to-earnings ratio of 10.07 and a beta of 1.94. Bread Financial has a one year low of $32.10 and a one year high of $66.71.

Bread Financial (NYSE:BFH) last announced its quarterly earnings data 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 6.37% and a return on equity of 13.33%. Equities research analysts predict that Bread Financial will post 7.6 EPS for the current year.

Bread Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Friday, February 14th will be issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 1.33%. The ex-dividend date is Friday, February 14th. Bread Financial’s payout ratio is 13.38%.

Institutional Investors Weigh In On Bread Financial

Hedge funds have recently bought and sold shares of the stock. GAMMA Investing LLC raised its position in shares of Bread Financial by 33.5% during the 3rd quarter. GAMMA Investing LLC now owns 1,035 shares of the company’s stock valued at $49,000 after buying an additional 260 shares in the last quarter. CWM LLC raised its position in Bread Financial by 43.7% during the third quarter. CWM LLC now owns 2,455 shares of the company’s stock valued at $117,000 after purchasing an additional 747 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. lifted its stake in Bread Financial by 64.6% during the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 2,631 shares of the company’s stock worth $125,000 after purchasing an additional 1,033 shares during the last quarter. KBC Group NV boosted its holdings in shares of Bread Financial by 36.1% in the 4th quarter. KBC Group NV now owns 2,103 shares of the company’s stock worth $128,000 after purchasing an additional 558 shares in the last quarter. Finally, nVerses Capital LLC increased its position in shares of Bread Financial by 700.0% during the 3rd quarter. nVerses Capital LLC now owns 3,200 shares of the company’s stock valued at $152,000 after purchasing an additional 2,800 shares during the last quarter. 99.52% of the stock is currently owned by institutional investors.

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.