Bread Financial (NYSE:BFH) PT Raised to $45.00 at Royal Bank of Canada

Bread Financial (NYSE:BFH) had its target price raised by stock analysts at Royal Bank of Canada from $38.00 to $45.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The brokerage currently has a “sector perform” rating on the stock. Royal Bank of Canada’s target price points to a potential upside of 2.37% from the company’s current price.

Other equities analysts also recently issued research reports about the stock. BTIG Research started coverage on shares of Bread Financial in a research note on Friday, June 7th. They issued a “neutral” rating on the stock. Wolfe Research raised shares of Bread Financial from a “peer perform” rating to an “outperform” rating and set a $48.00 price objective for the company in a report on Thursday, April 4th. Argus downgraded shares of Bread Financial from a “buy” rating to a “hold” rating in a research report on Wednesday, May 1st. Evercore ISI upgraded shares of Bread Financial from an “underperform” rating to an “in-line” rating and raised their price target for the stock from $42.00 to $45.00 in a research report on Thursday. Finally, BMO Capital Markets lifted their price objective on shares of Bread Financial from $31.00 to $33.00 and gave the company a “market perform” rating in a research report on Friday, April 26th. Three analysts have rated the stock with a sell rating, ten have issued a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $40.92.

Bread Financial Stock Down 0.2 %

BFH stock opened at $43.96 on Thursday. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.18 and a quick ratio of 1.18. The firm has a market capitalization of $2.18 billion, a PE ratio of 5.54, a P/E/G ratio of 0.18 and a beta of 1.94. The company’s 50 day simple moving average is $39.61 and its 200-day simple moving average is $36.51. Bread Financial has a 12 month low of $26.08 and a 12 month high of $44.56.

Bread Financial (NYSE:BFH) last posted its quarterly earnings results on Thursday, April 25th. The company reported $2.73 earnings per share for the quarter, missing analysts’ consensus estimates of $2.92 by ($0.19). The company had revenue of $991.00 million for the quarter, compared to analysts’ expectations of $998.96 million. Bread Financial had a return on equity of 14.44% and a net margin of 8.08%. The business’s revenue for the quarter was down 23.1% on a year-over-year basis. During the same period in the prior year, the business earned $9.08 EPS. Equities analysts expect that Bread Financial will post 5.63 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Bread Financial

A number of large investors have recently made changes to their positions in BFH. Charles Schwab Investment Management Inc. raised its holdings in shares of Bread Financial by 3.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 635,136 shares of the company’s stock valued at $21,722,000 after acquiring an additional 22,464 shares during the period. Brandywine Global Investment Management LLC increased its stake in Bread Financial by 2.4% in the 3rd quarter. Brandywine Global Investment Management LLC now owns 152,627 shares of the company’s stock valued at $5,220,000 after buying an additional 3,645 shares during the period. Dark Forest Capital Management LP acquired a new position in Bread Financial in the 3rd quarter valued at approximately $301,000. Federated Hermes Inc. increased its stake in Bread Financial by 10,794.2% in the 3rd quarter. Federated Hermes Inc. now owns 33,663 shares of the company’s stock valued at $1,151,000 after buying an additional 33,354 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new position in Bread Financial in the 3rd quarter valued at approximately $1,109,000. 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.