Bread Financial (NYSE:BFH) Price Target Raised to $72.00

Key Points

• Analysts at JPMorgan Chase & Co. raised their price target for Bread Financial from $70.00 to $72.00, indicating a potential 10.29% upside from the current stock price.
• Bread Financial's stock has seen a significant gain of 7.8%, opening at $65.29, with a 52-week range between $38.21 and $68.01.
• The company reported strong quarterly earnings, with an EPS of $4.02, surpassing analysts' expectations and showing a year-over-year revenue decline of 1.2%.

Bread Financial (NYSE:BFH - Get Free Report) had its price target raised by analysts at JPMorgan Chase & Co. from $70.00 to $72.00 in a report issued on Friday,Benzinga reports. The firm presently has a "neutral" rating on the stock. JPMorgan Chase & Co.'s price target suggests a potential upside of 10.29% from the company's current price.

A number of other research analysts also recently commented on the stock. Evercore ISI reduced their price objective on shares of Bread Financial from $68.00 to $64.00 and set an "in-line" rating on the stock in a research note on Tuesday, September 30th. Morgan Stanley increased their price target on shares of Bread Financial from $51.00 to $53.00 and gave the stock an "underweight" rating in a research report on Monday, September 29th. Keefe, Bruyette & Woods lowered their price objective on Bread Financial from $88.00 to $71.00 and set an "outperform" rating for the company in a report on Wednesday, October 1st. Royal Bank Of Canada upped their price objective on Bread Financial from $65.00 to $74.00 and gave the company a "sector perform" rating in a research note on Friday, July 25th. Finally, Barclays reduced their target price on Bread Financial from $52.00 to $50.00 and set an "underweight" rating on the stock in a report on Monday, October 6th. Three analysts have rated the stock with a Buy rating, seven have issued a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $66.73.

Bread Financial Stock Up 7.8%

Shares of NYSE:BFH opened at $65.29 on Friday. The company has a 50 day moving average of $61.05 and a two-hundred day moving average of $56.49. Bread Financial has a 52-week low of $38.21 and a 52-week high of $68.01. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.36. The company has a market capitalization of $3.04 billion, a price-to-earnings ratio of 11.05, a price-to-earnings-growth ratio of 0.55 and a beta of 1.41.

Bread Financial (NYSE:BFH - Get Free Report) last issued its quarterly earnings data on Thursday, October 23rd. The company reported $4.02 EPS for the quarter, topping analysts' consensus estimates of $2.11 by $1.91. Bread Financial had a net margin of 6.05% and a return on equity of 13.10%. The firm had revenue of $971.00 million for the quarter, compared to analyst estimates of $974.30 million. During the same quarter in the previous year, the business posted $1.83 EPS. The firm's revenue was down 1.2% compared to the same quarter last year. Bread Financial has set its FY 2025 guidance at EPS. As a group, analysts forecast that Bread Financial will post 6.45 earnings per share for the current fiscal year.

Bread Financial declared that its Board of Directors has approved a share buyback plan on Wednesday, August 27th that authorizes the company to repurchase $0.00 in shares. This repurchase authorization authorizes the company to purchase shares of its stock through open market purchases. Stock repurchase plans are typically an indication that the company's leadership believes its stock is undervalued.

Insider Buying and Selling at Bread Financial

In related news, Director John J. Fawcett purchased 1,027 shares of the company's stock in a transaction dated Wednesday, July 30th. The shares were acquired at an average cost of $61.79 per share, for a total transaction of $63,458.33. Following the transaction, the director owned 10,302 shares of the company's stock, valued at $636,560.58. This trade represents a 11.07% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.85% of the company's stock.

Institutional Investors Weigh In On Bread Financial

Large investors have recently added to or reduced their stakes in the stock. GAMMA Investing LLC lifted its stake in Bread Financial by 28.0% in the first quarter. GAMMA Investing LLC now owns 1,457 shares of the company's stock valued at $73,000 after buying an additional 319 shares during the last quarter. Royal Bank of Canada increased its holdings in shares of Bread Financial by 39.0% in the 1st quarter. Royal Bank of Canada now owns 217,773 shares of the company's stock worth $10,905,000 after acquiring an additional 61,047 shares during the period. Envestnet Asset Management Inc. increased its holdings in shares of Bread Financial by 15.0% in the 1st quarter. Envestnet Asset Management Inc. now owns 10,816 shares of the company's stock worth $542,000 after acquiring an additional 1,412 shares during the period. Allianz Asset Management GmbH lifted its position in Bread Financial by 2.9% in the 1st quarter. Allianz Asset Management GmbH now owns 488,316 shares of the company's stock valued at $24,455,000 after purchasing an additional 13,656 shares during the last quarter. Finally, Three Seasons Wealth LLC acquired a new position in Bread Financial during the 2nd quarter valued at about $491,000. 99.52% of the stock is owned by institutional investors and hedge funds.

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.

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