Bread Financial (NYSE:BFH) Stock Price Target Cut by UBS Group

Key Points

• UBS Group cut Bread Financial’s price target from $127 to $120 but maintained a “buy” rating, implying approximately 12.3% upside from the current share price.
• Bread Financial shares rose 3.3% to $106.86, while the broader analyst consensus remained “Hold,” with an average target price of $111.71.
• The company exceeded quarterly expectations, reporting adjusted earnings of $3.84 per share versus the $3.34 consensus estimate and revenue of $1.02 billion, up 4.7% year over year.

Bread Financial (NYSE:BFH - Get Free Report) had its price target dropped by UBS Group from $127.00 to $120.00 in a research report issued to clients and investors on Monday, Benzinga reports. The firm currently has a "buy" rating on the stock. UBS Group's target price suggests a potential upside of 12.30% from the company's current price.

Other research analysts have also issued reports about the stock. Evercore set a $118.00 price objective on shares of Bread Financial in a research note on Thursday, October 1st. Royal Bank Of Canada reiterated a "sector perform" rating and issued a $115.00 target price on shares of Bread Financial in a research note on Friday, July 24th. TD Cowen boosted their price target on Bread Financial from $111.00 to $113.00 and gave the stock a "hold" rating in a research report on Friday, October 23rd. Citigroup restated a "market perform" rating on shares of Bread Financial in a research note on Monday, October 26th. Finally, Zacks Research cut Bread Financial from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, October 6th. Eight analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $111.71.

Bread Financial Stock Up 3.3%

Shares of Bread Financial stock traded up $3.45 on Monday, reaching $106.86. 586,045 shares of the company were exchanged, compared to its average volume of 689,650. Bread Financial has a one year low of $59.26 and a one year high of $114.53. The company has a market capitalization of $4.06 billion, a price-to-earnings ratio of 8.43, a PEG ratio of 0.79 and a beta of 1.26. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 0.24. The company has a 50-day moving average of $103.82 and a 200 day moving average of $91.61.

Bread Financial (NYSE:BFH - Get Free Report) last released its earnings results on Thursday, October 22nd. The company reported $3.84 earnings per share for the quarter, beating the consensus estimate of $3.34 by $0.50. The business had revenue of $1.02 billion during the quarter, compared to analysts' expectations of $1.01 billion. Bread Financial had a net margin of 11.19% and a return on equity of 17.24%. The firm's revenue was up 4.7% on a year-over-year basis. During the same period last year, the business earned $4.02 earnings per share. On average, equities research analysts forecast that Bread Financial will post 12.51 earnings per share for the current year.

Insider Activity

In related news, Director John Fawcett bought 5,000 shares of Bread Financial stock in a transaction that occurred on Wednesday, October 28th. The stock was acquired at an average price of $24.70 per share, with a total value of $123,500.00. Following the acquisition, the director owned 5,000 shares of the company's stock, valued at approximately $123,500. This represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.30% of the company's stock.

Institutional Investors Weigh In On Bread Financial

Hedge funds have recently bought and sold shares of the stock. GAMMA Investing LLC grew its position in shares of Bread Financial by 2.6% in the second quarter. GAMMA Investing LLC now owns 3,842 shares of the company's stock valued at $416,000 after purchasing an additional 99 shares during the last quarter. Pinnacle Wealth Planning Services Inc. increased its stake in shares of Bread Financial by 2.6% during the third quarter. Pinnacle Wealth Planning Services Inc. now owns 3,915 shares of the company's stock worth $383,000 after purchasing an additional 100 shares during the period. Allworth Financial LP lifted its holdings in Bread Financial by 27.2% during the 2nd quarter. Allworth Financial LP now owns 679 shares of the company's stock worth $74,000 after purchasing an additional 145 shares during the last quarter. Pacer Advisors Inc. lifted its holdings in Bread Financial by 58.7% during the 1st quarter. Pacer Advisors Inc. now owns 614 shares of the company's stock worth $46,000 after purchasing an additional 227 shares during the last quarter. Finally, Lazard Asset Management LLC boosted its stake in Bread Financial by 1.7% in the 1st quarter. Lazard Asset Management LLC now owns 16,576 shares of the company's stock valued at $1,241,000 after purchasing an additional 272 shares during the period. 99.52% of the stock is currently owned by institutional investors and hedge funds.

Bread Financial Company Profile

Bread Financial Holdings, Inc NYSE: BFH is a financial services company that provides payment, lending and savings solutions to consumers and businesses. Its offerings include private-label and co-branded credit cards, installment lending, buy now, pay later services and deposit products.

The company operates through its Bread platform, which supports merchants with financing options, payment processing and customer loyalty solutions. Its consumer products have included Bread Cashback credit cards, Bread Pay installment payment services and Bread Savings deposit accounts.

Bread Financial primarily serves consumers and merchants in the United States, with solutions designed for retail, travel, home improvement and other industries.

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