Bread Financial (NYSE:BFH) Stock Price Expected to Rise, Compass Point Analyst Says

Bread Financial (NYSE:BFH - Get Free Report) had its target price lifted by equities researchers at Compass Point from $75.00 to $87.00 in a research note issued to investors on Tuesday,Benzinga reports. The brokerage presently has a "buy" rating on the stock. Compass Point's price objective would suggest a potential upside of 36.48% from the stock's current price.

Other equities research analysts have also issued research reports about the company. Morgan Stanley raised Bread Financial from an "underweight" rating to an "overweight" rating and lifted their price objective for the company from $35.00 to $76.00 in a research note on Thursday, December 19th. TD Cowen increased their target price on shares of Bread Financial from $48.00 to $50.00 and gave the company a "hold" rating in a report on Monday, October 28th. Barclays decreased their price target on Bread Financial from $35.00 to $34.00 and set an "underweight" rating on the stock in a research note on Friday, October 25th. Evercore ISI boosted 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. Finally, The Goldman Sachs Group upped their target price on Bread Financial from $52.00 to $58.00 and gave the company a "sell" rating in a report on Tuesday, November 19th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $57.07.

Bread Financial Stock Performance

Shares of BFH stock traded up $2.21 on Tuesday, hitting $63.74. 573,116 shares of the stock were exchanged, compared to its average volume of 528,168. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.33. The firm has a market capitalization of $3.17 billion, a PE ratio of 10.15 and a beta of 1.94. Bread Financial has a one year low of $28.00 and a one year high of $66.71. The firm's 50 day moving average is $60.77 and its two-hundred day moving average is $54.67.

Bread Financial (NYSE:BFH - Get Free Report) last posted its quarterly earnings results on Thursday, October 24th. The company reported $1.83 EPS for the quarter, missing analysts' consensus estimates of $1.86 by ($0.03). The company had revenue of $983.00 million during the quarter, compared to the consensus estimate of $981.26 million. Bread Financial had a return on equity of 13.33% and a net margin of 6.37%. Bread Financial's revenue was down 4.7% on a year-over-year basis. During the same period in the previous year, the business earned $3.46 earnings per share. Sell-side analysts expect that Bread Financial will post 7.64 earnings per share for the current fiscal year.

Insider Buying and Selling at Bread Financial

In related news, Director John J. Fawcett purchased 1,000 shares of the company's stock in a transaction dated Monday, October 28th. The shares were purchased at an average price of $51.02 per share, with a total value of $51,020.00. Following the acquisition, the director now directly owns 6,473 shares in the company, valued at $330,252.46. The trade was a 18.27 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.62% of the company's stock.

Institutional Investors Weigh In On Bread Financial

A number of large investors have recently added to or reduced their stakes in the stock. GAMMA Investing LLC boosted its position in Bread Financial by 33.5% in the third quarter. GAMMA Investing LLC now owns 1,035 shares of the company's stock worth $49,000 after purchasing an additional 260 shares during the last quarter. Pallas Capital Advisors LLC boosted its position in shares of Bread Financial by 6.2% during the third quarter. Pallas Capital Advisors LLC now owns 4,778 shares of the company's stock worth $239,000 after acquiring an additional 278 shares during the last quarter. Natixis Advisors LLC boosted its holdings in shares of Bread Financial by 2.8% during the 3rd quarter. Natixis Advisors LLC now owns 13,421 shares of the company's stock valued at $639,000 after purchasing an additional 369 shares during the last quarter. Point72 DIFC Ltd grew its holdings in Bread Financial by 30.0% during the 2nd quarter. Point72 DIFC Ltd now owns 1,721 shares of the company's stock valued at $77,000 after buying an additional 397 shares in the last quarter. Finally, Ensign Peak Advisors Inc boosted its position in shares of Bread Financial by 3.3% during the 2nd quarter. Ensign Peak Advisors Inc now owns 18,592 shares of the company's stock valued at $828,000 after acquiring an additional 600 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.