Bread Financial (NYSE:BFH) Price Target Raised to $74.00 at Royal Bank Of Canada

Key Points

• Royal Bank of Canada has increased its price target for Bread Financial stock from $65.00 to $74.00, indicating a potential upside of 20.19% from the current price.
• Analysts have mixed views on Bread Financial, with three sell ratings, six hold ratings, and four buy ratings, resulting in an average target price of $64.42.
• Bread Financial's stock rose 0.9% to $61.57 on Friday, with a market capitalization of $2.87 billion and a PE ratio of 10.94.
• The company reported $3.14 EPS for the last quarter, exceeding expectations, while its revenue was slightly below projections at $929 million.

Bread Financial (NYSE:BFH - Free Report) had its target price upped by Royal Bank Of Canada from $65.00 to $74.00 in a report published on Friday morning,Benzinga reports. They currently have a sector perform rating on the stock.

A number of other equities research analysts also recently issued reports on the stock. Barclays reaffirmed an "underweight" rating and issued a $52.00 price objective (up from $45.00) on shares of Bread Financial in a research report on Tuesday, July 8th. JMP Securities reaffirmed a "market perform" rating on shares of Bread Financial in a research report on Monday, April 28th. Morgan Stanley upped their price objective on shares of Bread Financial from $36.00 to $39.00 and gave the stock an "underweight" rating in a research report on Monday, May 12th. Jefferies Financial Group upped their price objective on shares of Bread Financial from $45.00 to $50.00 and gave the stock a "hold" rating in a research report on Thursday, April 24th. Finally, BTIG Research set a $105.00 target price on shares of Bread Financial and gave the company a "buy" rating in a research note on Monday, July 14th. Three analysts have rated the stock with a sell rating, six have assigned a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $64.42.

Bread Financial Stock Up 3.8%

BFH traded up $2.32 during midday trading on Friday, hitting $63.32. The company had a trading volume of 1,085,395 shares, compared to its average volume of 647,762. Bread Financial has a 52 week low of $38.21 and a 52 week high of $66.71. The company has a quick ratio of 1.17, a current ratio of 1.18 and a debt-to-equity ratio of 0.36. The company has a market capitalization of $2.95 billion, a price-to-earnings ratio of 10.71, a PEG ratio of 1.18 and a beta of 1.38. The stock's 50 day moving average price is $55.95 and its 200 day moving average price is $54.29.

Bread Financial (NYSE:BFH - Get Free Report) last posted its earnings results on Thursday, July 24th. The company reported $3.14 EPS for the quarter, topping the consensus estimate of $1.85 by $1.29. The company had revenue of $929.00 million during the quarter, compared to the consensus estimate of $944.69 million. Bread Financial had a net margin of 6.05% and a return on equity of 13.10%. The firm's revenue for the quarter was down 1.1% on a year-over-year basis. During the same period in the previous year, the firm posted $2.66 earnings per share. On average, research analysts anticipate that Bread Financial will post 6.45 earnings per share for the current fiscal year.

Bread Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 12th. Shareholders of record on Friday, August 8th will be paid a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 1.33%. The ex-dividend date is Friday, August 8th. Bread Financial's dividend payout ratio is presently 14.21%.

Institutional Trading of Bread Financial

Institutional investors and hedge funds have recently bought and sold shares of the company. Curat Global LLC purchased a new stake in Bread Financial in the 1st quarter worth approximately $28,000. Quarry LP increased its holdings in shares of Bread Financial by 947.5% in the 1st quarter. Quarry LP now owns 639 shares of the company's stock worth $32,000 after buying an additional 578 shares during the last quarter. Pinnacle Holdings LLC bought a new position in shares of Bread Financial in the 4th quarter worth $46,000. Versant Capital Management Inc increased its holdings in shares of Bread Financial by 182.8% in the 1st quarter. Versant Capital Management Inc now owns 1,298 shares of the company's stock worth $65,000 after buying an additional 839 shares during the last quarter. Finally, Strs Ohio bought a new position in shares of Bread Financial in the 1st quarter worth $65,000. 99.52% of the stock is currently owned by hedge funds and other 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.