Bread Financial (NYSE:BFH) Given New $53.00 Price Target at Barclays

Bread Financial (NYSE:BFH - Get Free Report) had its price target upped by research analysts at Barclays from $51.00 to $53.00 in a research note issued to investors on Friday,Benzinga reports. The firm currently has an "underweight" rating on the stock. Barclays's price objective points to a potential downside of 16.62% from the company's current price.

Several other research analysts have also recently issued reports on BFH. Compass Point increased their price target on Bread Financial from $75.00 to $87.00 and gave the stock a "buy" rating in a research note on Tuesday, January 21st. Morgan Stanley raised Bread Financial from an "underweight" rating to an "overweight" rating and raised their target price for the company from $35.00 to $76.00 in a research note on Thursday, December 19th. The Goldman Sachs Group raised their target price on Bread Financial from $52.00 to $58.00 and gave the company a "sell" rating in a research note on Tuesday, November 19th. Keefe, Bruyette & Woods raised their target price on Bread Financial from $67.00 to $88.00 and gave the company an "outperform" rating in a research note on Monday, December 9th. Finally, TD Cowen raised their target price on Bread Financial from $48.00 to $50.00 and gave the company a "hold" rating in a research note on Monday, October 28th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $58.92.

Bread Financial Trading Down 0.1 %

NYSE:BFH opened at $63.57 on Friday. Bread Financial has a 1 year low of $32.10 and a 1 year high of $66.71. The stock has a market cap of $3.16 billion, a price-to-earnings ratio of 10.12 and a beta of 1.94. The business has a fifty day moving average of $61.69 and a 200-day moving average of $55.49. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.19 and a current ratio of 1.19.

Bread Financial (NYSE:BFH - Get Free Report) last released its quarterly earnings results on Thursday, January 30th. The company reported $0.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.07. Bread Financial had a return on equity of 13.33% and a net margin of 6.37%. Equities analysts predict that Bread Financial will post 7.6 earnings per share for the current year.

Institutional Trading of Bread Financial

Institutional investors have recently made changes to their positions in the stock. Jacobs Levy Equity Management Inc. increased its stake in shares of Bread Financial by 30.2% in the third quarter. Jacobs Levy Equity Management Inc. now owns 1,121,329 shares of the company's stock worth $53,353,000 after acquiring an additional 260,283 shares during the last quarter. Pzena Investment Management LLC increased its stake in shares of Bread Financial by 38.2% in the third quarter. Pzena Investment Management LLC now owns 880,827 shares of the company's stock worth $41,910,000 after acquiring an additional 243,419 shares during the last quarter. Rockefeller Capital Management L.P. acquired a new position in shares of Bread Financial in the third quarter worth $6,001,000. Point72 Hong Kong Ltd acquired a new position in shares of Bread Financial in the third quarter worth $4,276,000. Finally, Intech Investment Management LLC acquired a new position in shares of Bread Financial in the third quarter worth $3,550,000. 99.52% of the stock is currently owned by institutional investors and hedge funds.

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.

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