The Goldman Sachs Group Raises Bread Financial (NYSE:BFH) Price Target to $53.00

Bread Financial (NYSE:BFH) had its price objective boosted by analysts at The Goldman Sachs Group from $40.00 to $53.00 in a note issued to investors on Monday, Benzinga reports. The brokerage currently has a “sell” rating on the stock. The Goldman Sachs Group’s price target would suggest a potential downside of 0.73% from the stock’s previous close.

Several other research firms have also recently issued reports on BFH. Evercore ISI raised Bread Financial from an “underperform” rating to an “in-line” rating and upped their price target for the company from $42.00 to $45.00 in a report on Thursday, June 20th. BTIG Research initiated coverage on shares of Bread Financial in a research note on Friday, June 7th. They issued a “neutral” rating on the stock. Wolfe Research raised shares of Bread Financial from a “peer perform” rating to an “outperform” rating and set a $48.00 price target on the stock in a research note on Thursday, April 4th. Royal Bank of Canada upped their price target on shares of Bread Financial from $47.00 to $58.00 and gave the stock a “sector perform” rating in a research note on Friday. Finally, BMO Capital Markets upped their price target on shares of Bread Financial from $31.00 to $33.00 and gave the stock a “market perform” rating in a research note on Friday, April 26th. Three research analysts have rated the stock with a sell rating, eleven have given a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $46.93.

Bread Financial Stock Performance

BFH stock traded down $1.61 during midday trading on Monday, reaching $53.39. The company had a trading volume of 200,160 shares, compared to its average volume of 790,936. 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 stock has a 50 day moving average price of $44.40 and a 200 day moving average price of $39.21. The firm has a market capitalization of $2.65 billion, a PE ratio of 6.72, a P/E/G ratio of 0.24 and a beta of 1.98. Bread Financial has a fifty-two week low of $26.08 and a fifty-two week high of $55.45.

Bread Financial (NYSE:BFH) last released its earnings results on Thursday, July 25th. The company reported $2.66 earnings per share for the quarter, topping analysts’ consensus estimates of $1.60 by $1.06. The firm had revenue of $939.00 million during the quarter, compared to the consensus estimate of $922.01 million. Bread Financial had a return on equity of 16.24% and a net margin of 9.77%. The firm’s revenue for the quarter was down 1.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.27 earnings per share. Analysts anticipate that Bread Financial will post 5.95 earnings per share for the current year.

Institutional Investors Weigh In On Bread Financial

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Bread Financial by 25.7% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,671 shares of the company’s stock valued at $520,000 after buying an additional 2,386 shares during the last quarter. Highland Capital Management LLC acquired a new position in shares of Bread Financial during the 2nd quarter worth approximately $245,000. Louisiana State Employees Retirement System boosted its position in shares of Bread Financial by 2.0% during the 2nd quarter. Louisiana State Employees Retirement System now owns 24,900 shares of the company’s stock worth $1,110,000 after acquiring an additional 500 shares in the last quarter. Pallas Capital Advisors LLC acquired a new stake in shares of Bread Financial during the 2nd quarter worth approximately $201,000. Finally, Neo Ivy Capital Management acquired a new stake in shares of Bread Financial during the 2nd quarter worth approximately $3,109,000. 99.52% of the stock is 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.