Bread Financial (NYSE:BFH) Stock Price Expected to Rise, Royal Bank Of Canada Analyst Says

Key Points

• Royal Bank of Canada has raised its price target for Bread Financial from $64.00 to $70.00, suggesting a potential upside of 6.30% from the previous close.
• JPMorgan Chase & Co. and BTIG Research also issued revised target prices, with JPMorgan increasing to $72.00 and BTIG setting a target at $105.00, reflecting varying outlooks on the stock.
• Bread Financial reported strong earnings with an EPS of $4.02 for the recent quarter, significantly beating consensus estimates of $2.11, although revenue fell slightly short of expectations.

Bread Financial (NYSE:BFH - Get Free Report) had its price target increased by stock analysts at Royal Bank Of Canada from $64.00 to $70.00 in a research report issued on Friday,Benzinga reports. The firm presently has a "sector perform" rating on the stock. Royal Bank Of Canada's price objective would indicate a potential upside of 6.30% from the stock's previous close.

Other equities analysts have also issued research reports about the company. JPMorgan Chase & Co. lifted their target price on Bread Financial from $70.00 to $72.00 and gave the company a "neutral" rating in a research note on Friday. BTIG Research set a $105.00 price target on Bread Financial and gave the stock a "buy" rating in a research note on Monday, July 14th. Keefe, Bruyette & Woods dropped their price target on Bread Financial from $88.00 to $71.00 and set an "outperform" rating on the stock in a research note on Wednesday, October 1st. Barclays dropped their price target on Bread Financial from $52.00 to $50.00 and set an "underweight" rating on the stock in a research note on Monday, October 6th. Finally, Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Bread Financial in a report on Wednesday, October 8th. Three 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 stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $66.73.

Bread Financial Stock Up 0.6%

Shares of Bread Financial stock traded up $0.39 during trading on Friday, hitting $65.85. 37,886 shares of the stock traded hands, compared to its average volume of 794,445. The stock's fifty day simple moving average is $61.05 and its 200 day simple moving average is $56.49. Bread Financial has a 52-week low of $38.21 and a 52-week high of $68.01. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.36. The firm has a market cap of $3.07 billion, a P/E ratio of 11.08, a price-to-earnings-growth ratio of 0.55 and a beta of 1.41.

Bread Financial (NYSE:BFH - Get Free Report) last posted its earnings results 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. Bread Financial had a return on equity of 13.10% and a net margin of 6.05%.The company 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 firm earned $1.83 earnings per share. The firm's quarterly revenue was down 1.2% compared to the same quarter last year. Bread Financial has set its FY 2025 guidance at EPS. On average, equities analysts predict that Bread Financial will post 6.45 earnings per share for the current fiscal year.

Bread Financial declared that its Board of Directors has authorized a stock buyback program on Wednesday, August 27th that allows the company to buyback $0.00 in shares. This buyback authorization allows the company to repurchase shares of its stock through open market purchases. Shares buyback programs are generally an indication that the company's board of directors believes its stock is undervalued.

Insider Buying and Selling at Bread Financial

In other Bread Financial news, Director John J. Fawcett bought 1,027 shares of Bread Financial stock in a transaction dated Wednesday, July 30th. The stock was acquired at an average cost of $61.79 per share, with a total value of $63,458.33. Following the purchase, the director directly owned 10,302 shares in the company, valued at $636,560.58. This represents a 11.07% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. 0.85% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. SG Americas Securities LLC raised its stake in Bread Financial by 748.3% in the 3rd quarter. SG Americas Securities LLC now owns 17,347 shares of the company's stock valued at $967,000 after purchasing an additional 15,302 shares during the last quarter. Financiere des Professionnels Fonds d investissement inc. increased its stake in shares of Bread Financial by 31.0% in the 3rd quarter. Financiere des Professionnels Fonds d investissement inc. now owns 3,796 shares of the company's stock worth $212,000 after acquiring an additional 898 shares during the last quarter. Salomon & Ludwin LLC increased its stake 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 acquiring an additional 512 shares during the last quarter. Calamos Wealth Management LLC acquired a new stake in shares of Bread Financial in the 3rd quarter worth $273,000. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al increased its stake in shares of Bread Financial by 367.9% in the 3rd quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 39,300 shares of the company's stock worth $2,192,000 after acquiring an additional 30,900 shares during the last quarter. 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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