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

Bread Financial (NYSE:BFH) had its price objective increased by analysts at Royal Bank of Canada from $47.00 to $58.00 in a note issued to investors on Friday, Benzinga reports. The firm presently has a “sector perform” rating on the stock. Royal Bank of Canada’s target price indicates a potential upside of 10.86% from the company’s previous close.

Several other research firms also recently weighed in on BFH. Argus downgraded Bread Financial from a “buy” rating to a “hold” rating in a research note on Wednesday, May 1st. BMO Capital Markets increased their price target on Bread Financial from $31.00 to $33.00 and gave the stock a “market perform” rating in a research note on Friday, April 26th. JMP Securities reissued a “market perform” rating on shares of Bread Financial in a report on Thursday, June 20th. Evercore ISI raised Bread Financial from an “underperform” rating to an “in-line” rating and increased their price objective for the stock from $42.00 to $45.00 in a report on Thursday, June 20th. Finally, Jefferies Financial Group increased their price objective on Bread Financial from $35.00 to $45.00 and gave the stock a “hold” rating in a report on Tuesday, July 9th. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus 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 market capitalization of $2.59 billion, a PE ratio of 6.59, a price-to-earnings-growth ratio of 0.21 and a beta of 1.98. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.18 and a quick ratio of 1.18. The business has a fifty day moving average price of $44.13 and a two-hundred day moving average price of $38.97. Bread Financial has a 1 year low of $26.08 and a 1 year high of $52.93.

Bread Financial (NYSE:BFH) last posted its quarterly earnings results on Thursday, July 25th. The company reported $2.66 earnings per share for the quarter, topping the consensus estimate of $1.60 by $1.06. The company 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 14.44% and a net margin of 8.08%. The firm’s quarterly revenue was down 1.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.27 EPS. Analysts forecast that Bread Financial will post 6.04 earnings per share for the current year.

Hedge Funds Weigh In On Bread Financial

Large investors have recently modified their holdings of the company. Vanguard Group Inc. grew its position in Bread Financial by 3.8% during the 1st quarter. Vanguard Group Inc. now owns 5,847,645 shares of the company’s stock worth $217,766,000 after acquiring an additional 216,274 shares during the last quarter. Dimensional Fund Advisors LP grew its position in Bread Financial by 9.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,000,035 shares of the company’s stock worth $98,823,000 after acquiring an additional 256,221 shares during the last quarter. Wellington Management Group LLP grew its position in Bread Financial by 7.8% during the 4th quarter. Wellington Management Group LLP now owns 2,107,253 shares of the company’s stock worth $69,413,000 after acquiring an additional 152,954 shares during the last quarter. Pzena Investment Management LLC grew its position in Bread Financial by 14.0% during the 4th quarter. Pzena Investment Management LLC now owns 807,557 shares of the company’s stock worth $26,601,000 after acquiring an additional 99,029 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in Bread Financial by 5.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 672,141 shares of the company’s stock worth $22,140,000 after acquiring an additional 37,005 shares during the last quarter. 99.52% of the stock is owned by hedge funds and other 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.