The Goldman Sachs Group Increases Bread Financial (NYSE:BFH) Price Target to $58.00

Bread Financial (NYSE:BFH) had its target price raised by The Goldman Sachs Group from $52.00 to $58.00 in a report released on Tuesday,Benzinga reports. The firm currently has a “sell” rating on the stock. The Goldman Sachs Group’s price objective indicates a potential upside of 1.42% from the company’s current price.

A number of other brokerages have also issued reports on BFH. Bank of America cut their price target on Bread Financial from $61.00 to $57.00 and set a “buy” rating for the company in a research note on Wednesday, September 25th. TD Cowen increased their target price on Bread Financial from $48.00 to $50.00 and gave the stock a “hold” rating in a research report on Monday, October 28th. Compass Point boosted their price target on Bread Financial from $54.00 to $60.00 and gave the stock a “buy” rating in a report on Friday, July 26th. Evercore ISI increased their price objective on shares of Bread Financial from $52.00 to $54.00 and gave the company an “in-line” rating in a report on Wednesday, October 30th. Finally, Barclays lowered their target price on shares of Bread Financial from $35.00 to $34.00 and set an “underweight” rating on the stock in a report on Friday, October 25th. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $50.00.

Bread Financial Stock Down 0.7 %

NYSE BFH opened at $57.19 on Tuesday. The stock’s 50-day moving average price is $51.52 and its 200-day moving average price is $48.65. The company has a market capitalization of $2.84 billion, a P/E ratio of 9.25 and a beta of 1.94. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.33. Bread Financial has a 52 week low of $26.58 and a 52 week high of $63.01.

Bread Financial (NYSE:BFH) last issued its quarterly earnings results on Thursday, October 24th. The company reported $1.83 earnings per share for the quarter, missing the consensus estimate of $1.86 by ($0.03). The firm had revenue of $983.00 million for the quarter, compared to analysts’ expectations of $981.26 million. Bread Financial had a net margin of 6.37% and a return on equity of 13.33%. Bread Financial’s revenue for the quarter was down 4.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.46 EPS. On average, equities research analysts predict that Bread Financial will post 7.63 earnings per share for the current year.

Insider Activity

In other news, Director John J. Fawcett bought 1,000 shares of Bread Financial stock in a transaction dated Monday, October 28th. The shares were acquired at an average price of $51.02 per share, with a total value of $51,020.00. Following the completion of the purchase, the director now owns 6,473 shares in the company, valued at $330,252.46. The trade was a 18.27 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 0.62% of the company’s stock.

Institutional Investors Weigh In On Bread Financial

Hedge funds and other institutional investors have recently made changes to their positions in the company. GAMMA Investing LLC raised its stake in shares of Bread Financial by 33.5% in the third quarter. GAMMA Investing LLC now owns 1,035 shares of the company’s stock valued at $49,000 after acquiring an additional 260 shares during the period. CWM LLC increased its stake in Bread Financial by 47.5% in the 2nd quarter. CWM LLC now owns 1,708 shares of the company’s stock worth $76,000 after buying an additional 550 shares during the period. Point72 DIFC Ltd increased its stake in 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 during the period. National Bank of Canada FI increased its stake in Bread Financial by 70.3% in the 2nd quarter. National Bank of Canada FI now owns 1,938 shares of the company’s stock worth $88,000 after buying an additional 800 shares during the period. Finally, Headlands Technologies LLC increased its stake in Bread Financial by 164.0% in the 2nd quarter. Headlands Technologies LLC now owns 2,355 shares of the company’s stock worth $105,000 after buying an additional 1,463 shares during the period. Hedge funds and other 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.