Bread Financial (NYSE:BFH) Stock Price Expected to Rise, TD Cowen Analyst Says

Bread Financial (NYSE:BFH) had its price target boosted by equities researchers at TD Cowen from $68.00 to $85.00 in a report released on Thursday,Benzinga reports. The brokerage currently has a “hold” rating on the stock. TD Cowen’s target price suggests a potential upside of 5.81% from the company’s current price.

A number of other research analysts have also issued reports on BFH. The Goldman Sachs Group upgraded shares of Bread Financial from a “sell” rating to a “hold” rating and set a $84.00 target price on the stock in a report on Tuesday. Morgan Stanley set a $57.00 price objective on shares of Bread Financial and gave the company an “underweight” rating in a research report on Tuesday, December 16th. Royal Bank Of Canada upped their price objective on shares of Bread Financial from $64.00 to $70.00 and gave the company a “sector perform” rating in a research note on Friday, October 24th. Weiss Ratings restated a “buy (b-)” rating on shares of Bread Financial in a research report on Monday, December 29th. Finally, Evercore ISI set a $81.00 target price on shares of Bread Financial in a research note on Tuesday. Five research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $78.00.

Bread Financial Stock Performance

Bread Financial stock opened at $80.33 on Thursday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.19 and a current ratio of 1.19. The stock has a fifty day moving average of $70.70 and a two-hundred day moving average of $64.29. The company has a market capitalization of $3.67 billion, a price-to-earnings ratio of 8.18, a PEG ratio of 0.57 and a beta of 1.27. Bread Financial has a fifty-two week low of $38.21 and a fifty-two week high of $82.03.

Bread Financial (NYSE:BFH) last issued its quarterly earnings data on Thursday, October 23rd. The company reported $4.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.11 by $1.91. The business had revenue of $1.24 billion for the quarter, compared to the consensus estimate of $974.30 million. Bread Financial had a return on equity of 15.97% and a net margin of 10.08%.The business’s revenue was down 1.2% on a year-over-year basis. During the same period in the prior year, the business earned $1.83 earnings per share. On average, analysts anticipate that Bread Financial will post 6.45 EPS for the current fiscal year.

Bread Financial declared that its Board of Directors has approved a stock repurchase program on Thursday, October 23rd that authorizes the company to buyback $200.00 million in shares. This buyback authorization authorizes the company to buy up to 7.1% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s board believes its stock is undervalued.

Hedge Funds Weigh In On Bread Financial

Hedge funds have recently made changes to their positions in the stock. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Bread Financial by 141.2% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 562 shares of the company’s stock worth $31,000 after buying an additional 329 shares during the last quarter. EverSource Wealth Advisors LLC grew its position in Bread Financial by 127.2% during the second quarter. EverSource Wealth Advisors LLC now owns 711 shares of the company’s stock valued at $41,000 after acquiring an additional 398 shares during the period. BOK Financial Private Wealth Inc. acquired a new stake in Bread Financial during the second quarter worth about $42,000. Caitong International Asset Management Co. Ltd raised its holdings in shares of Bread Financial by 8,300.0% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 840 shares of the company’s stock worth $47,000 after purchasing an additional 830 shares during the period. Finally, Salomon & Ludwin LLC raised its holdings in shares of Bread Financial by 136.2% in the 3rd quarter. Salomon & Ludwin LLC now owns 888 shares of the company’s stock worth $49,000 after purchasing an additional 512 shares during the period. Institutional investors and hedge funds own 99.52% of the company’s stock.

Bread Financial Company Profile

Bread Financial, formerly known as Alliance Data Systems, is a Columbus, Ohio–based financial services company that specializes in providing private label credit programs, co-brand credit cards and digital payment solutions for retail partners. The company designs, issues and services proprietary credit products, enabling merchants to offer branded financing options that drive customer loyalty and increase basket sizes at the point of sale. Through its Bread technology platform, Bread Financial delivers installment-based payment options that integrate directly into e-commerce and in-store checkout experiences.

In addition to its core credit offerings, Bread Financial provides analytics, marketing and loyalty services to help merchants better understand consumer behavior and optimize promotional strategies.