Analysts Set Brighthouse Financial (BHF) Price Target at $65.54

Posted by Logan Wallace on Apr 17th, 2018 // No Comments

Brighthouse Financial (NASDAQ:BHF) has received a consensus recommendation of “Hold” from the twenty ratings firms that are covering the stock, Marketbeat Ratings reports. Three research analysts have rated the stock with a sell recommendation, fourteen have issued a hold recommendation and three have given a buy recommendation to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $65.54.

Several research firms have recently commented on BHF. Sandler O’Neill set a $53.00 price objective on Brighthouse Financial and gave the company a “hold” rating in a report on Monday, April 2nd. BidaskClub upgraded Brighthouse Financial from a “strong sell” rating to a “sell” rating in a report on Saturday, January 6th. Wells Fargo set a $59.00 price objective on Brighthouse Financial and gave the company a “hold” rating in a report on Friday, March 23rd. Zacks Investment Research upgraded Brighthouse Financial from a “sell” rating to a “hold” rating in a report on Tuesday, March 27th. Finally, UBS began coverage on Brighthouse Financial in a report on Friday, March 2nd. They set a “neutral” rating and a $58.00 price objective for the company.

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NASDAQ BHF opened at $50.56 on Friday. Brighthouse Financial has a 52 week low of $49.05 and a 52 week high of $75.00. The company has a current ratio of 0.45, a quick ratio of 0.45 and a debt-to-equity ratio of 0.25.

Brighthouse Financial (NASDAQ:BHF) last released its quarterly earnings data on Monday, February 12th. The company reported $0.37 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $2.10 by ($1.73). The firm had revenue of $1.88 billion during the quarter, compared to analysts’ expectations of $2.01 billion. The firm’s quarterly revenue was up 240.0% on a year-over-year basis. analysts expect that Brighthouse Financial will post 8.93 EPS for the current year.

An institutional investor recently bought a new position in Brighthouse Financial stock. Elkfork Partners LLC bought a new stake in shares of Brighthouse Financial (NASDAQ:BHF) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 5,296 shares of the company’s stock, valued at approximately $310,000. Institutional investors own 84.59% of the company’s stock.

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Brighthouse Financial Company Profile

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.

Analyst Recommendations for Brighthouse Financial (NASDAQ:BHF)

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