In yesterday’s Wall Street session, Bread Financial Holdings Inc (NYSE:BFH) shares traded at $61.53, up 1.08% from the previous session.
As of this writing, 16 analysts cover Bread Financial Holdings Inc (NYSE:BFH). The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $88.00 and a low of $51.00, we find $66.00. Given the previous closing price of $60.87, this indicates a potential upside of 8.43 percent. BFH stock price is now 1.52% away from the 50-day moving average and 23.83% away from the 200-day moving average. The market capitalization of the company currently stands at $3.06B.
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There are 8 analysts who have given it a hold rating, whereas 6 have given it a buy rating. Brokers who have rated the stock have averaged $68.46 as their price target over the next twelve months.
With the price target enhanced from $35 to $76, Morgan Stanley Upgraded its rating from Underweight to Overweight for Bread Financial Holdings Inc (NYSE: BFH). On August 09, 2024, BofA Securities Upgraded its previous ‘Neutral’ rating to ‘Buy’ on the stock keeping its target price maintained at $54, while ‘Compass Point’ rates the stock as ‘Buy’
In other news, Fawcett John J., Director bought 1,000 shares of the company’s stock on Oct 28 ’24. The stock was bought for $51,020 at an average price of $51.02. Upon completion of the transaction, the Director now directly owns 6,473 shares in the company, valued at $0.4 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 12 ’24, Director Fawcett John J. bought 2,000 shares of the business’s stock. A total of $99,644 was incurred on buying the stock at an average price of $49.82. This leaves the insider owning 5,473 shares of the company worth $0.34 million. A total of 2.40% of the company’s stock is owned by insiders.
During the past 12 months, Bread Financial Holdings Inc has had a low of $28.00 and a high of $66.71. The fifty day moving average price for BFH is $60.6084 and a two-hundred day moving average price translates $49.68925 for the stock.
The latest earnings results from Bread Financial Holdings Inc (NYSE: BFH) was released for 2024-09-30. The net profit margin was 6.38% and return on equity was 10.54% for BFH. The company reported revenue of $1.22 billion for the quarter, compared to $1.25 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -2.48 percent. For the current quarter, analysts expect BFH to generate $960.24M in revenue.
