Bread Financial (NYSE:BFH) Price Target Raised to $87.00 at Compass Point

Bread Financial (NYSE:BFH) had its price target boosted by stock analysts at Compass Point from $75.00 to $87.00 in a note issued to investors on Tuesday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Compass Point’s target price indicates a potential upside of 37.68% from the stock’s previous close.

BFH has been the subject of a number of other reports. 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 report on Monday, December 9th. Bank of America cut their target price on shares of Bread Financial from $61.00 to $57.00 and set a “buy” rating on the stock in a research note on Wednesday, September 25th. The Goldman Sachs Group raised their price target on Bread Financial from $52.00 to $58.00 and gave the company a “sell” rating in a research note on Tuesday, November 19th. Barclays lowered their price target on Bread Financial from $35.00 to $34.00 and set an “underweight” rating for the company in a report on Friday, October 25th. Finally, Morgan Stanley raised shares of Bread Financial from an “underweight” rating to an “overweight” rating and raised their price objective for the stock from $35.00 to $76.00 in a report on Thursday, December 19th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Bread Financial has a consensus rating of “Hold” and an average target price of $57.07.

Bread Financial Trading Up 2.7 %

Shares of BFH stock traded up $1.66 on Tuesday, hitting $63.19. 68,854 shares of the stock traded hands, compared to its average volume of 483,745. Bread Financial has a twelve month low of $28.00 and a twelve month high of $66.71. The stock has a market capitalization of $3.14 billion, a PE ratio of 10.06 and a beta of 1.94. The firm’s 50-day moving average price is $60.77 and its two-hundred day moving average price is $54.67. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.19 and a current ratio of 1.19.

Bread Financial (NYSE:BFH) last announced its quarterly earnings results on Thursday, October 24th. The company reported $1.83 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.86 by ($0.03). Bread Financial had a return on equity of 13.33% and a net margin of 6.37%. The firm had revenue of $983.00 million for the quarter, compared to analyst estimates of $981.26 million. During the same quarter in the prior year, the business earned $3.46 EPS. The firm’s quarterly revenue was down 4.7% on a year-over-year basis. As a group, analysts anticipate that Bread Financial will post 7.64 EPS for the current year.

Insider Buying and Selling

In other Bread Financial news, Director John J. Fawcett acquired 1,000 shares of the business’s stock in a transaction on Monday, October 28th. The stock was purchased at an average price of $51.02 per share, for a total transaction of $51,020.00. Following the completion of the transaction, the director now owns 6,473 shares of the company’s stock, valued at $330,252.46. The trade was a 18.27 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.62% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Bread Financial

Institutional investors and hedge funds have recently modified their holdings of the company. GAMMA Investing LLC boosted its position in Bread Financial by 33.5% during the third quarter. GAMMA Investing LLC now owns 1,035 shares of the company’s stock worth $49,000 after purchasing an additional 260 shares in the last quarter. Point72 DIFC Ltd boosted its position in shares of Bread Financial by 30.0% in the 2nd quarter. Point72 DIFC Ltd now owns 1,721 shares of the company’s stock worth $77,000 after buying an additional 397 shares in the last quarter. CWM LLC grew its stake in Bread Financial by 43.7% in the 3rd quarter. CWM LLC now owns 2,455 shares of the company’s stock valued at $117,000 after acquiring an additional 747 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. increased its holdings in Bread Financial by 64.6% during the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 2,631 shares of the company’s stock valued at $125,000 after acquiring an additional 1,033 shares in the last quarter. Finally, nVerses Capital LLC raised its position in Bread Financial by 700.0% during the third quarter. nVerses Capital LLC now owns 3,200 shares of the company’s stock worth $152,000 after acquiring an additional 2,800 shares during the last quarter. Institutional investors and hedge funds own 99.52% of the company’s stock.

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.