Brighthouse Financial (BHF) Raised to “Hold” at BidaskClub

Brighthouse Financial (NASDAQ:BHF) was upgraded by equities research analysts at BidaskClub from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Tuesday.

A number of other analysts have also recently weighed in on the stock. Barclays cut shares of Brighthouse Financial from an “overweight” rating to an “underweight” rating and set a $60.00 price target on the stock. in a report on Friday, August 10th. ValuEngine cut shares of Brighthouse Financial from a “hold” rating to a “sell” rating in a research note on Friday, August 3rd. Bank of America reiterated a “neutral” rating and issued a $47.00 target price on shares of Brighthouse Financial in a research note on Wednesday, October 3rd. Credit Suisse Group upgraded shares of Brighthouse Financial from an “underperform” rating to a “neutral” rating and set a $35.00 target price for the company in a research note on Wednesday, August 15th. They noted that the move was a valuation call. Finally, Morgan Stanley lowered their target price on shares of Brighthouse Financial from $60.00 to $58.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 11th. Three analysts have rated the stock with a sell rating, eleven have given a hold rating and two have given a buy rating to the stock. Brighthouse Financial has an average rating of “Hold” and a consensus target price of $56.07.

Shares of NASDAQ:BHF traded up $0.59 during trading on Tuesday, reaching $43.78. The stock had a trading volume of 18,153 shares, compared to its average volume of 1,802,732. Brighthouse Financial has a one year low of $37.68 and a one year high of $67.55. The stock has a market capitalization of $5.27 billion, a P/E ratio of 7.07, a P/E/G ratio of 0.55 and a beta of 1.56. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.46 and a current ratio of 0.46.

Brighthouse Financial (NASDAQ:BHF) last released its quarterly earnings results on Monday, November 5th. The company reported $2.23 earnings per share for the quarter, beating analysts’ consensus estimates of $2.19 by $0.04. Brighthouse Financial had a net margin of 1.33% and a return on equity of 5.49%. The business had revenue of $1.42 billion for the quarter, compared to analysts’ expectations of $2.05 billion. During the same period last year, the business earned $3.31 EPS. On average, research analysts forecast that Brighthouse Financial will post 8.33 EPS for the current year.

A number of hedge funds have recently added to or reduced their stakes in BHF. First Hawaiian Bank acquired a new stake in Brighthouse Financial in the 3rd quarter worth approximately $142,000. Hexavest Inc. purchased a new position in Brighthouse Financial during the 2nd quarter worth approximately $158,000. AGF Investments America Inc. purchased a new position in Brighthouse Financial during the 3rd quarter worth approximately $164,000. Daiwa Securities Group Inc. purchased a new position in Brighthouse Financial during the 3rd quarter worth approximately $164,000. Finally, Whittier Trust Co. purchased a new position in Brighthouse Financial during the 3rd quarter worth approximately $176,000. Institutional investors own 87.32% of the company’s stock.

About Brighthouse Financial

Brighthouse Financial, Inc provides a range of annuity and life insurance products in the United States. The company operates through three segments: Annuities, Life, and Run-off. It offers variable, fixed, index-linked, and income annuities for contract holders' needs for protected wealth accumulation on a tax-deferred basis, wealth transfer, and income security; and term, whole, universal, and variable life insurance products for policyholders' needs for financial security and protected wealth transfer.

Read More: Price to Earnings Ratio (PE)

Analyst Recommendations for Brighthouse Financial (NASDAQ:BHF)

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