Evercore ISI Boosts Bread Financial (NYSE:BFH) Price Target to $54.00

Bread Financial (NYSE:BFH) had its price target boosted by stock analysts at Evercore ISI from $52.00 to $54.00 in a report issued on Wednesday, Benzinga reports. The brokerage presently has an “in-line” rating on the stock. Evercore ISI’s price target indicates a potential upside of 8.32% from the stock’s current price.

Several other equities analysts have also issued reports on BFH. Jefferies Financial Group lifted their price target on shares of Bread Financial from $35.00 to $45.00 and gave the stock a “hold” rating in a report on Tuesday, July 9th. Royal Bank of Canada upped their target price on Bread Financial from $47.00 to $58.00 and gave the company a “sector perform” rating in a research report on Friday, July 26th. The Goldman Sachs Group raised their price target on Bread Financial from $40.00 to $53.00 and gave the stock a “sell” rating in a report on Monday, July 29th. Bank of America dropped their price target on Bread Financial from $61.00 to $57.00 and set a “buy” rating on the stock in a research note on Wednesday, September 25th. Finally, TD Cowen increased their price objective on shares of Bread Financial from $48.00 to $50.00 and gave the company a “hold” rating in a research report on Monday. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, Bread Financial presently has a consensus rating of “Hold” and a consensus target price of $49.64.

Bread Financial Trading Down 2.2 %

Shares of NYSE BFH opened at $49.85 on Wednesday. Bread Financial has a 1-year low of $26.08 and a 1-year high of $59.66. The business has a fifty day moving average price of $51.40 and a 200 day moving average price of $46.56. The stock has a market capitalization of $2.48 billion, a P/E ratio of 7.94, a price-to-earnings-growth ratio of 0.17 and a beta of 1.94. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.19 and a quick ratio of 1.19.

Bread Financial (NYSE:BFH) last released its quarterly earnings results on Thursday, October 24th. The company reported $1.83 earnings per share for the quarter, missing analysts’ consensus estimates of $1.86 by ($0.03). The firm had revenue of $983.00 million during the quarter, compared to the consensus estimate of $981.26 million. Bread Financial had a net margin of 9.77% and a return on equity of 16.24%. The firm’s quarterly revenue was down 4.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $3.46 earnings per share. Equities research analysts expect that Bread Financial will post 7.44 EPS for the current fiscal year.

Insider Buying and Selling at Bread Financial

In related news, Director John J. Fawcett acquired 1,000 shares of Bread Financial stock in a transaction on Monday, October 28th. The stock was acquired at an average price of $51.02 per share, for a total transaction of $51,020.00. Following the purchase, the director now owns 6,473 shares of the company’s stock, valued at approximately $330,252.46. This represents a 0.00 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.62% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Bread Financial

Large investors have recently made changes to their positions in the company. Verity Asset Management Inc. purchased a new position in Bread Financial in the third quarter valued at $384,000. Robeco Institutional Asset Management B.V. grew its position in shares of Bread Financial by 41.0% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 117,431 shares of the company’s stock valued at $5,587,000 after acquiring an additional 34,122 shares during the period. Harbor Capital Advisors Inc. increased its stake in shares of Bread Financial by 8.4% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 14,559 shares of the company’s stock valued at $693,000 after purchasing an additional 1,131 shares in the last quarter. Janney Montgomery Scott LLC acquired a new position in Bread Financial in the 3rd quarter worth about $890,000. Finally, US Bancorp DE boosted its position in Bread Financial by 10.1% during the third quarter. US Bancorp DE now owns 13,110 shares of the company’s stock worth $624,000 after purchasing an additional 1,204 shares in the last quarter. 99.52% of the stock is currently owned by institutional investors and hedge funds.

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.