Bread Financial (NYSE:BFH) Given New $87.00 Price Target at Compass Point

Bread Financial (NYSE:BFHFree Report) had its target price lifted by Compass Point from $75.00 to $87.00 in a research report report published on Tuesday,Benzinga reports. The firm currently has a buy rating on the stock.

Several other equities analysts have also commented on BFH. The Goldman Sachs Group increased their price objective on shares of Bread Financial from $52.00 to $58.00 and gave the company a “sell” rating in a research report on Tuesday, November 19th. 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 research report on Wednesday, October 30th. Keefe, Bruyette & Woods increased their price objective on shares of Bread Financial from $67.00 to $88.00 and gave the company an “outperform” rating in a research report on Monday, December 9th. Bank of America lowered their price objective on shares of Bread Financial from $61.00 to $57.00 and set a “buy” rating for the company in a research report on Wednesday, September 25th. Finally, Morgan Stanley upgraded shares of Bread Financial from an “underweight” rating to an “overweight” rating and increased their price objective for the company from $35.00 to $76.00 in a research report on Thursday, December 19th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, Bread Financial presently has an average rating of “Hold” and an average price target of $57.07.

Get Our Latest Stock Report on Bread Financial

Bread Financial Price Performance

Shares of NYSE:BFH opened at $64.91 on Tuesday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.19 and a current ratio of 1.19. The firm has a fifty day moving average price of $61.05 and a 200 day moving average price of $54.87. Bread Financial has a fifty-two week low of $28.00 and a fifty-two week high of $66.71. The firm has a market cap of $3.23 billion, a price-to-earnings ratio of 10.34 and a beta of 1.94.

Bread Financial (NYSE:BFHGet Free Report) last issued its 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). Bread Financial had a return on equity of 13.33% and a net margin of 6.37%. The company had revenue of $983.00 million for the quarter, compared to the consensus estimate of $981.26 million. During the same quarter in the prior year, the company posted $3.46 EPS. Bread Financial’s revenue was down 4.7% compared to the same quarter last year. As a group, sell-side analysts expect that Bread Financial will post 7.64 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Bread Financial news, Director John J. Fawcett bought 1,000 shares of the business’s stock in a transaction on 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 transaction, the director now owns 6,473 shares of the company’s stock, valued at approximately $330,252.46. This trade represents a 18.27 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.62% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Bread Financial

Large investors have recently modified their holdings of the business. World Investment Advisors LLC bought a new stake in shares of Bread Financial in the 3rd quarter valued at about $810,000. Geode Capital Management LLC grew its position in shares of Bread Financial by 1.2% in the 3rd quarter. Geode Capital Management LLC now owns 1,155,989 shares of the company’s stock worth $55,012,000 after buying an additional 13,459 shares during the last quarter. Point72 Asset Management L.P. grew its position in shares of Bread Financial by 152.9% in the 2nd quarter. Point72 Asset Management L.P. now owns 645,689 shares of the company’s stock worth $28,772,000 after buying an additional 390,413 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt purchased a new position in shares of Bread Financial in the 3rd quarter worth approximately $576,000. Finally, Factorial Partners LLC grew its position in shares of Bread Financial by 78.9% in the 3rd quarter. Factorial Partners LLC now owns 34,000 shares of the company’s stock worth $1,618,000 after buying an additional 15,000 shares during the last quarter. Institutional investors own 99.52% of the company’s stock.

Bread Financial Company Profile

(Get Free Report)

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.

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