Bread Financial (NYSE:BFH) Given New $58.00 Price Target at The Goldman Sachs Group

Bread Financial (NYSE:BFH - Get Free Report) had its price target reduced by stock analysts at The Goldman Sachs Group from $68.00 to $58.00 in a report released on Tuesday,Benzinga reports. The brokerage presently has a "sell" rating on the stock. The Goldman Sachs Group's price target points to a potential upside of 15.91% from the stock's current price.

BFH has been the topic of a number of other research reports. Compass Point raised their price objective on shares of Bread Financial from $75.00 to $87.00 and gave the stock a "buy" rating in a report on Tuesday, January 21st. Keefe, Bruyette & Woods raised their price objective on shares of Bread Financial from $67.00 to $88.00 and gave the stock an "outperform" rating in a report on Monday, December 9th. Morgan Stanley raised shares of Bread Financial from an "underweight" rating to an "overweight" rating and raised their price objective for the stock from $35.00 to $76.00 in a report on Thursday, December 19th. Royal Bank of Canada raised their price objective on shares of Bread Financial from $62.00 to $68.00 and gave the stock a "sector perform" rating in a report on Friday, January 31st. Finally, JMP Securities restated a "market perform" rating on shares of Bread Financial in a research note on Monday, February 3rd. Two 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, Bread Financial currently has a consensus rating of "Hold" and an average price target of $59.69.

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Bread Financial Stock Performance

Shares of NYSE BFH traded up $0.26 during trading on Tuesday, reaching $50.04. 1,317,763 shares of the company traded hands, compared to its average volume of 796,468. The firm has a 50 day simple moving average of $57.29 and a 200-day simple moving average of $56.24. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.33. The stock has a market capitalization of $2.46 billion, a PE ratio of 9.02, a P/E/G ratio of 1.25 and a beta of 1.96. 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 results on Thursday, January 30th. The company reported $0.41 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.34 by $0.07. Bread Financial had a net margin of 5.75% and a return on equity of 12.41%. Equities research analysts anticipate that Bread Financial will post 6.45 earnings per share for the current year.

Bread Financial announced that its Board of Directors has authorized a stock repurchase program on Wednesday, March 5th that allows the company to repurchase $150.00 million in outstanding shares. This repurchase authorization allows the company to reacquire up to 6% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company's board believes its stock is undervalued.

Institutional Investors Weigh In On Bread Financial

Large investors have recently bought and sold shares of the business. World Investment Advisors LLC bought a new stake in Bread Financial in the third quarter worth $810,000. Geode Capital Management LLC increased its position in Bread Financial by 1.2% in the third quarter. Geode Capital Management LLC now owns 1,155,989 shares of the company's stock worth $55,012,000 after purchasing an additional 13,459 shares during the last quarter. Intech Investment Management LLC bought a new stake in Bread Financial in the third quarter worth $3,550,000. US Bancorp DE increased its position in Bread Financial by 15.1% in the fourth quarter. US Bancorp DE now owns 15,087 shares of the company's stock worth $921,000 after purchasing an additional 1,977 shares during the last quarter. Finally, Factorial Partners LLC increased its position in Bread Financial by 78.9% in the third quarter. Factorial Partners LLC now owns 34,000 shares of the company's stock worth $1,618,000 after purchasing an additional 15,000 shares during the last quarter. Institutional investors 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.