Royal Bank of Canada Forecasts Strong Price Appreciation for Bread Financial (NYSE:BFH) Stock

Bread Financial (NYSE:BFH - Get Free Report) had its price objective raised by investment analysts at Royal Bank of Canada from $62.00 to $68.00 in a report issued on Friday,Benzinga reports. The brokerage currently has a "sector perform" rating on the stock. Royal Bank of Canada's target price points to a potential upside of 12.93% from the stock's current price.

BFH has been the topic of a number of other reports. Keefe, Bruyette & Woods lifted their price target on Bread Financial from $67.00 to $88.00 and gave the company an "outperform" rating in a report on Monday, December 9th. TD Cowen upped their price objective 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 increased their price objective on shares of Bread Financial from $51.00 to $53.00 and gave the company an "underweight" rating in a research report on Friday. Compass Point boosted their target price on shares of Bread Financial from $75.00 to $87.00 and gave the stock a "buy" rating in a research report on Tuesday, January 21st. Finally, The Goldman Sachs Group boosted their price objective on shares of Bread Financial from $52.00 to $58.00 and gave the company a "sell" rating in a report on Tuesday, November 19th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $59.69.

Bread Financial Price Performance

Shares of NYSE BFH traded down $2.92 during midday trading on Friday, reaching $60.21. 1,573,099 shares of the stock traded hands, compared to its average volume of 675,277. The company's 50 day moving average is $61.93 and its 200 day moving average is $55.70. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.15 and a quick ratio of 1.19. The stock has a market capitalization of $2.99 billion, a PE ratio of 10.85, a P/E/G ratio of 1.38 and a beta of 1.93. Bread Financial has a one year low of $32.10 and a one year high of $66.71.

Bread Financial (NYSE:BFH - Get Free Report) last released its earnings results on Thursday, January 30th. The company reported $0.41 earnings per share for the quarter, topping 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%. On average, equities research analysts anticipate that Bread Financial will post 6.46 earnings per share for the current year.

Institutional Trading of Bread Financial

Several institutional investors have recently modified their holdings of BFH. World Investment Advisors LLC purchased a new position in Bread Financial in the 3rd quarter worth approximately $810,000. Geode Capital Management LLC lifted its position in Bread Financial by 1.2% during the third 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 in the last quarter. Livforsakringsbolaget Skandia Omsesidigt acquired a new position in shares of Bread Financial during the 3rd quarter valued at about $576,000. Intech Investment Management LLC purchased a new stake in shares of Bread Financial in the third quarter valued at about $3,550,000. Finally, Factorial Partners LLC increased its position in Bread Financial by 78.9% during 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 and hedge funds 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.