Bread Financial Holdings Inc (NYSE:BFH) price on Friday, February 28, rose 0.67% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $54.00.
A look at the stock’s price movement, the close in the last trading session was $53.64. The PE ratio in trailing twelve months stood at 9.78. Turning to its 52-week performance, $66.71 and $32.10 were the 52-week high and 52-week low respectively. Overall, BFH moved -15.16% over the past month.
Bread Financial Holdings Inc’s market cap currently stands at around $2.65 billion, with investors looking forward to this quarter’s earnings report slated for in April. The company has a Forward Dividend ratio of 0.84, with its dividend yield at 1.56%. As such, investors might be keen on an upside in the stock’s price ahead of the scheduled earnings report.
Analysts have a consensus estimate of 955.09M for the company’s revenue for the quarter, with a low and high estimate of 920.3M and 988M respectively. The average forecast suggests down to a -3.62% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 3.93B, representing a 2.38% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that BFH is a Hold. On the other hand, the stock is on average a 50% Buy as suggested by medium term indicators while long term indicators are putting the stock in Hold category.
15 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 4 analyst(s) rate the stock as a Hold, 9 recommend BFH as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 2 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
The technical evaluation for the stock shows the PEG ratio is 0.67, with BFH’s current price about -9.43% and -11.62% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 29.84, while 7-day volatility ratio is 3.48% and 4.14% in the 30-day chart. Further, Bread Financial Holdings Inc (BFH) has a beta value of 1.96, and an average true range (ATR) of 2.18. Analysts have given the company’s stock an average 52-week price target of $56.5, forecast between a low of $35 and high of $76. Looking at the price targets, the low is 35.19% off current price level while to achieve the yearly target high, price needs to move -40.74%. Nonetheless, investors will most likely welcome a -4.63% jump to $56.5 which is the analysts’ median price.
If we refocus on Bread Financial Holdings Inc (NYSE:BFH), historical trading data shows that trading volumes averaged 665.46K over the past 3 months. The company’s latest data on shares outstanding shows there are 49.10 million shares.
The 2.71% of Bread Financial Holdings Inc’s shares are in the hands of company insiders while institutional holders own 100.62% of the company’s shares. Current price change has pushed the stock -11.56% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the BFH stock continues to rise going into the next quarter.
