Bread Financial (NYSE:BFH) Price Target Cut to $34.00

Bread Financial (NYSE:BFH) had its price target cut by investment analysts at Barclays from $35.00 to $34.00 in a research report issued on Friday, Benzinga reports. The brokerage currently has an “underweight” rating on the stock. Barclays‘s target price points to a potential downside of 31.15% from the stock’s current price.

A number of other research analysts have also recently commented on BFH. Royal Bank of Canada boosted their target price on shares of Bread Financial from $47.00 to $58.00 and gave the stock a “sector perform” rating in a research report on Friday, July 26th. Evercore ISI cut their price target on shares of Bread Financial from $59.00 to $52.00 and set an “in-line” rating on the stock in a report on Monday, October 7th. Bank of America cut their price target on shares of Bread Financial from $61.00 to $57.00 and set a “buy” rating on the stock in a report on Wednesday, September 25th. The Goldman Sachs Group upped their price target on shares of Bread Financial from $40.00 to $53.00 and gave the company a “sell” rating in a report on Monday, July 29th. Finally, Jefferies Financial Group upped their price target on shares of Bread Financial from $35.00 to $45.00 and gave the company a “hold” rating in a report on Tuesday, July 9th. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $50.00.

Bread Financial Trading Down 1.4 %

NYSE BFH opened at $49.38 on Friday. The company’s fifty day simple moving average is $51.66 and its 200-day simple moving average is $46.23. Bread Financial has a 52 week low of $26.08 and a 52 week high of $59.66. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.41. The stock has a market cap of $2.45 billion, a P/E ratio of 6.22, a PEG ratio of 0.17 and a beta of 1.94.

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

Hedge Funds Weigh In On Bread Financial

Institutional investors have recently modified their holdings of the company. Headlands Technologies LLC bought a new position in shares of Bread Financial during the first quarter worth about $33,000. GAMMA Investing LLC grew its position in shares of 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 acquiring an additional 260 shares during the last quarter. CWM LLC grew 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 acquiring an additional 550 shares during the last quarter. Point72 DIFC Ltd grew its position in shares of Bread Financial by 30.0% during the second quarter. Point72 DIFC Ltd now owns 1,721 shares of the company’s stock worth $77,000 after acquiring an additional 397 shares during the last quarter. Finally, National Bank of Canada FI grew its position in shares of Bread Financial by 70.3% during the second quarter. National Bank of Canada FI now owns 1,938 shares of the company’s stock worth $88,000 after acquiring an additional 800 shares during the last quarter. Institutional investors own 99.52% of the company’s stock.

About Bread Financial

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.