Bread Financial (NYSE:BFH) PT Raised to $58.00

Bread Financial (NYSE:BFH) had its target price boosted by analysts at Royal Bank of Canada from $47.00 to $58.00 in a report issued on Friday, Benzinga reports. The brokerage currently has a “sector perform” rating on the stock. Royal Bank of Canada’s price objective would suggest a potential upside of 10.86% from the company’s current price.

A number of other brokerages have also commented on BFH. Keefe, Bruyette & Woods reaffirmed an “outperform” rating and issued a $67.00 price target on shares of Bread Financial in a research note on Monday, June 17th. BMO Capital Markets raised their price target on Bread Financial from $31.00 to $33.00 and gave the company a “market perform” rating in a report on Friday, April 26th. Barclays raised their price target on Bread Financial from $26.00 to $32.00 and gave the company an “underweight” rating in a report on Tuesday, July 9th. Jefferies Financial Group raised 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. Finally, JMP Securities restated a “market perform” rating on shares of Bread Financial in a report on Thursday, June 20th. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $44.21.

Bread Financial Stock Up 4.0 %

Shares of NYSE BFH opened at $52.32 on Friday. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.18 and a quick ratio of 1.18. Bread Financial has a one year low of $26.08 and a one year high of $52.93. The stock has a market capitalization of $2.59 billion, a P/E ratio of 6.59, a PEG ratio of 0.21 and a beta of 1.98. The firm’s 50 day simple moving average is $44.13 and its two-hundred day simple moving average is $38.97.

Bread Financial (NYSE:BFH) last issued its earnings results on Thursday, July 25th. The company reported $2.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.60 by $1.06. Bread Financial had a net margin of 8.08% and a return on equity of 14.44%. The firm had revenue of $939.00 million for the quarter, compared to analysts’ expectations of $922.01 million. During the same quarter last year, the business earned $1.27 earnings per share. The business’s revenue was down 1.4% on a year-over-year basis. As a group, analysts expect that Bread Financial will post 6.04 EPS for the current fiscal year.

Institutional Investors Weigh In On Bread Financial

A number of large investors have recently made changes to their positions in BFH. Headlands Technologies LLC bought a new stake in shares of Bread Financial during the 1st quarter valued at about $33,000. CWM LLC grew its stake in shares of Bread Financial by 47.5% during the 2nd quarter. CWM LLC now owns 1,708 shares of the company’s stock valued at $76,000 after purchasing an additional 550 shares during the period. National Bank of Canada FI lifted its position in shares of Bread Financial by 1,280.6% during the 4th quarter. National Bank of Canada FI now owns 2,416 shares of the company’s stock valued at $80,000 after buying an additional 2,241 shares in the last quarter. Pinnacle Holdings LLC purchased a new position in shares of Bread Financial during the 4th quarter valued at about $83,000. Finally, Allspring Global Investments Holdings LLC lifted its position in shares of Bread Financial by 19.0% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 3,771 shares of the company’s stock valued at $124,000 after buying an additional 603 shares in the last quarter. 99.52% of the stock is currently owned by institutional investors.

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.