TD Cowen Raises Bread Financial (NYSE:BFH) Price Target to $50.00

Bread Financial (NYSE:BFH) had its target price raised by equities researchers at TD Cowen from $48.00 to $50.00 in a research note issued on Monday, Benzinga reports. The brokerage currently has a “hold” rating on the stock. TD Cowen’s target price would suggest a potential downside of 1.73% from the company’s previous close.

A number of other brokerages have also recently commented on BFH. Jefferies Financial Group raised their price target on shares of Bread Financial from $35.00 to $45.00 and gave the stock a “hold” rating in a research note on Tuesday, July 9th. The Goldman Sachs Group boosted their price target on Bread Financial from $40.00 to $53.00 and gave the company a “sell” rating in a research note on Monday, July 29th. Barclays dropped their price objective on Bread Financial from $35.00 to $34.00 and set an “underweight” rating for the company in a research note on Friday. Evercore ISI reduced their target price on shares of Bread Financial from $59.00 to $52.00 and set an “in-line” rating on the stock in a research note on Monday, October 7th. Finally, Royal Bank of Canada upped their target price on shares of Bread Financial from $47.00 to $58.00 and gave the stock a “sector perform” rating in a report on Friday, July 26th. Three analysts have rated the stock with a sell rating, nine have given a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $49.50.

Bread Financial Stock Performance

Shares of BFH traded up $1.50 on Monday, reaching $50.88. 218,493 shares of the stock traded hands, compared to its average volume of 853,324. The stock’s 50-day moving average price is $51.66 and its 200-day moving average price is $46.23. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.19 and a quick ratio of 1.19. The firm has a market cap of $2.52 billion, a price-to-earnings ratio of 6.43, a P/E/G ratio of 0.17 and a beta of 1.94. Bread Financial has a 12 month low of $26.08 and a 12 month high of $59.66.

Bread Financial (NYSE:BFH) last announced its quarterly earnings results on Thursday, October 24th. The company reported $1.83 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.86 by ($0.03). The business had revenue of $983.00 million during the quarter, compared to the consensus estimate of $981.26 million. Bread Financial had a net margin of 9.77% and a return on equity of 16.24%. The company’s quarterly revenue was down 4.7% compared to the same quarter last year. During the same period last year, the firm earned $3.46 EPS. Equities analysts forecast that Bread Financial will post 7.44 EPS for the current fiscal year.

Institutional Trading of Bread Financial

Hedge funds have recently added to or reduced their stakes in the business. Headlands Technologies LLC bought a new position in shares of Bread Financial in the first quarter valued at $33,000. GAMMA Investing LLC increased its stake in shares of Bread Financial by 33.5% during the 3rd 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. CWM LLC raised its holdings in shares of Bread Financial by 47.5% in the 2nd quarter. CWM LLC now owns 1,708 shares of the company’s stock valued at $76,000 after purchasing an additional 550 shares during the period. Point72 DIFC Ltd lifted its stake in Bread Financial by 30.0% in the 2nd quarter. Point72 DIFC Ltd now owns 1,721 shares of the company’s stock valued at $77,000 after purchasing an additional 397 shares during the last quarter. Finally, National Bank of Canada FI increased its position in Bread Financial by 70.3% during the second quarter. National Bank of Canada FI now owns 1,938 shares of the company’s stock worth $88,000 after buying an additional 800 shares during the last quarter. Institutional investors and hedge funds own 99.52% of the company’s stock.

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.