Bread Financial (NYSE:BFH – Get Free Report) had its price target decreased by stock analysts at The Goldman Sachs Group from $68.00 to $58.00 in a note issued to investors on Tuesday,Benzinga reports. The firm currently has a “sell” rating on the stock. The Goldman Sachs Group’s price target indicates a potential upside of 16.71% from the company’s current price.
Several other equities analysts have also recently commented on BFH. Barclays increased their target price on Bread Financial from $51.00 to $53.00 and gave the company an “underweight” rating in a research note on Friday, January 31st. JMP Securities reaffirmed a “market perform” rating on shares of Bread Financial in a report on Monday, February 3rd. Keefe, Bruyette & Woods raised their price target on shares of Bread Financial from $67.00 to $88.00 and gave the stock an “outperform” rating in a research report on Monday, December 9th. Royal Bank of Canada boosted their price objective on shares of Bread Financial from $62.00 to $68.00 and gave the company a “sector perform” rating in a research report on Friday, January 31st. Finally, Morgan Stanley raised shares of Bread Financial from an “underweight” rating to an “overweight” rating and raised their target price for the stock from $35.00 to $76.00 in a report on Thursday, December 19th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $59.69.
Check Out Our Latest Analysis on BFH
Bread Financial Trading Up 3.8 %
Bread Financial stock opened at $49.70 on Tuesday. The stock has a market cap of $2.44 billion, a PE ratio of 8.95, a P/E/G ratio of 1.25 and a beta of 1.96. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 0.33. The stock has a 50-day moving average price of $57.63 and a 200 day moving average price of $56.35. Bread Financial has a 52 week low of $32.10 and a 52 week high of $66.71.
Bread Financial (NYSE:BFH – Get Free Report) last announced its quarterly earnings data on Thursday, January 30th. The company reported $0.41 EPS for the quarter, beating analysts’ consensus estimates of $0.34 by $0.07. Bread Financial had a return on equity of 12.41% and a net margin of 5.75%. Equities research analysts predict that Bread Financial will post 6.45 earnings per share for the current fiscal year.
Bread Financial announced that its Board of Directors has approved a stock repurchase program on Wednesday, March 5th that allows the company to buyback $150.00 million in shares. This buyback authorization allows the company to buy up to 6% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board of directors believes its shares are undervalued.
Hedge Funds Weigh In On Bread Financial
Several large investors have recently bought and sold shares of BFH. Picton Mahoney Asset Management boosted its position in shares of Bread Financial by 2,083.3% in the 4th quarter. Picton Mahoney Asset Management now owns 524 shares of the company’s stock worth $32,000 after purchasing an additional 500 shares during the last quarter. Pinnacle Holdings LLC bought a new stake in shares of Bread Financial in the 4th quarter valued at about $46,000. Smartleaf Asset Management LLC raised its position in shares of Bread Financial by 207.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,394 shares of the company’s stock valued at $86,000 after acquiring an additional 941 shares during the period. Castlekeep Investment Advisors LLC bought a new position in Bread Financial during the 4th quarter worth approximately $104,000. Finally, Point72 Asia Singapore Pte. Ltd. increased its stake in Bread Financial by 64.6% in the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 2,631 shares of the company’s stock valued at $125,000 after purchasing an additional 1,033 shares in the last quarter. 99.52% of the stock is currently owned by institutional investors and hedge funds.
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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