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

Bread Financial (NYSE:BFH) had its target price cut by stock analysts at The Goldman Sachs Group from $68.00 to $58.00 in a research note issued 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 20.26% from the company’s current price.

Several other equities analysts also recently weighed in on BFH. Compass Point boosted their target price on Bread Financial from $75.00 to $87.00 and gave the company a “buy” rating in a research report on Tuesday, January 21st. Morgan Stanley upgraded Bread Financial from an “underweight” rating to an “overweight” rating and lifted their target price for the stock from $35.00 to $76.00 in a research report on Thursday, December 19th. Barclays raised their price target on shares of Bread Financial from $51.00 to $53.00 and gave the stock an “underweight” rating in a research note on Friday, January 31st. Keefe, Bruyette & Woods boosted their price objective on shares of Bread Financial from $67.00 to $88.00 and gave the company an “outperform” rating in a research report on Monday, December 9th. Finally, Royal Bank of Canada lifted their price target on shares of Bread Financial from $62.00 to $68.00 and gave the company a “sector perform” rating in a research note on Friday, January 31st. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $59.69.

Bread Financial Price Performance

Shares of BFH traded up $0.27 during mid-day trading on Tuesday, hitting $48.23. 222,131 shares of the stock were exchanged, compared to its average volume of 794,480. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.15 and a current ratio of 1.15. The company has a market cap of $2.37 billion, a PE ratio of 8.69, a price-to-earnings-growth 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. The firm has a 50-day moving average of $58.05 and a two-hundred day moving average of $56.47.

Bread Financial (NYSE:BFH) last released 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%. On average, equities analysts predict that Bread Financial will post 6.45 earnings per share for the current year.

Bread Financial declared that its board has initiated a stock repurchase plan on Wednesday, March 5th that authorizes the company to repurchase $150.00 million in outstanding shares. This repurchase authorization authorizes the company to buy up to 6% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board of directors believes its shares are undervalued.

Hedge Funds Weigh In On Bread Financial

A number of large investors have recently added to or reduced their stakes in BFH. State of New Jersey Common Pension Fund D bought a new position in shares of Bread Financial during the 3rd quarter worth approximately $1,676,000. GSA Capital Partners LLP lifted its holdings in shares of Bread Financial by 23.7% during the 3rd quarter. GSA Capital Partners LLP now owns 11,431 shares of the company’s stock valued at $544,000 after purchasing an additional 2,193 shares during the last quarter. Natixis Advisors LLC lifted 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. Quest Partners LLC purchased a new position in Bread Financial during the 3rd quarter worth $536,000. Finally, Meeder Asset Management Inc. increased its position in Bread Financial by 139.0% during the 3rd quarter. Meeder Asset Management Inc. now owns 7,226 shares of the company’s stock valued at $344,000 after buying an additional 4,202 shares in the last quarter. 99.52% of the stock is currently owned by institutional investors.

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.