Bread Financial (NYSE:BFH) PT Raised to $32.00

Bread Financial (NYSE:BFH) had its target price upped by research analysts at Barclays from $26.00 to $32.00 in a research note issued to investors on Tuesday, Benzinga reports. The firm presently has an “underweight” rating on the stock. Barclays‘s price objective points to a potential downside of 30.72% from the stock’s current price.

Other research analysts also recently issued reports about the company. Royal Bank of Canada boosted their price target on Bread Financial from $38.00 to $45.00 and gave the company a “sector perform” rating in a report on Thursday, June 20th. BMO Capital Markets boosted 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. Keefe, Bruyette & Woods restated an “outperform” rating and set a $67.00 price objective on shares of Bread Financial in a report on Monday, June 17th. Argus downgraded Bread Financial from a “buy” rating to a “hold” rating in a report on Wednesday, May 1st. Finally, BTIG Research initiated coverage on Bread Financial in a report on Friday, June 7th. They set a “neutral” rating for the company. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, Bread Financial presently has a consensus rating of “Hold” and a consensus target price of $41.69.

Bread Financial Trading Up 0.3 %

Shares of BFH opened at $46.19 on Tuesday. The stock has a fifty day moving average of $42.06 and a two-hundred day moving average of $37.68. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.18 and a current ratio of 1.18. The company has a market capitalization of $2.29 billion, a PE ratio of 5.82, a price-to-earnings-growth ratio of 0.20 and a beta of 1.98. Bread Financial has a fifty-two week low of $26.08 and a fifty-two week high of $46.46.

Bread Financial (NYSE:BFH) last issued its quarterly earnings results on Thursday, April 25th. The company reported $2.73 earnings per share for the quarter, missing the consensus estimate of $2.92 by ($0.19). The business had revenue of $991.00 million during the quarter, compared to analyst estimates of $998.96 million. Bread Financial had a net margin of 8.08% and a return on equity of 14.44%. The company’s revenue was down 23.1% on a year-over-year basis. During the same quarter last year, the firm posted $9.08 earnings per share. As a group, analysts forecast that Bread Financial will post 5.64 EPS for the current year.

Hedge Funds Weigh In On Bread Financial

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BFH. Headlands Technologies LLC purchased a new position in Bread Financial in the 1st quarter valued at about $33,000. CWM LLC lifted its position in shares of Bread Financial by 47.5% during the second quarter. CWM LLC now owns 1,708 shares of the company’s stock worth $76,000 after purchasing an additional 550 shares during the last quarter. National Bank of Canada FI lifted its position in shares of Bread Financial by 1,280.6% during the fourth quarter. National Bank of Canada FI now owns 2,416 shares of the company’s stock worth $80,000 after purchasing an additional 2,241 shares during the last quarter. Pinnacle Holdings LLC bought a new position in shares of Bread Financial during the fourth quarter worth about $83,000. Finally, Allspring Global Investments Holdings LLC lifted its position in shares of Bread Financial by 19.0% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 3,771 shares of the company’s stock worth $124,000 after purchasing an additional 603 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.