Brighthouse Financial (NASDAQ:BHF) Raised to Equal Weight at Wells Fargo & Company

Brighthouse Financial (NASDAQ:BHFGet Rating) was upgraded by equities researchers at Wells Fargo & Company from an “underweight” rating to an “equal weight” rating in a report released on Tuesday, MarketBeat Ratings reports. The brokerage currently has a $54.00 target price on the stock, up from their prior target price of $53.00. Wells Fargo & Company‘s price target indicates a potential upside of 1.64% from the company’s current price.

Other research analysts also recently issued reports about the stock. Zacks Investment Research downgraded shares of Brighthouse Financial from a “buy” rating to a “sell” rating and set a $46.00 price objective on the stock. in a research report on Wednesday, March 9th. Wolfe Research initiated coverage on shares of Brighthouse Financial in a research note on Friday, January 21st. They issued an “outperform” rating and a $79.00 price objective for the company. Morgan Stanley cut their price objective on shares of Brighthouse Financial from $65.00 to $64.00 and set an “equal weight” rating for the company in a research report on Friday, April 8th. Piper Sandler lowered their target price on shares of Brighthouse Financial from $65.00 to $55.00 and set a “neutral” rating for the company in a report on Wednesday, April 6th. Finally, The Goldman Sachs Group boosted their target price on shares of Brighthouse Financial from $55.00 to $63.00 and gave the company a “neutral” rating in a report on Tuesday, April 5th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $58.20.

Brighthouse Financial stock opened at $53.13 on Tuesday. The firm has a 50 day simple moving average of $52.18 and a 200-day simple moving average of $52.08. Brighthouse Financial has a 1-year low of $40.03 and a 1-year high of $62.33. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.53 and a quick ratio of 0.53. The stock has a market cap of $4.07 billion, a price-to-earnings ratio of -26.57 and a beta of 1.47.

Brighthouse Financial (NASDAQ:BHFGet Rating) last released its earnings results on Thursday, February 10th. The company reported $5.18 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $3.46 by $1.72. Brighthouse Financial had a negative net margin of 1.51% and a positive return on equity of 11.70%. The company had revenue of $2.32 billion for the quarter, compared to analyst estimates of $2.20 billion. During the same period in the prior year, the business earned $3.03 EPS. Equities analysts expect that Brighthouse Financial will post 14.18 earnings per share for the current fiscal year.

A number of institutional investors have recently bought and sold shares of BHF. Yousif Capital Management LLC bought a new position in shares of Brighthouse Financial during the 4th quarter worth approximately $2,229,000. Point72 Asset Management L.P. acquired a new stake in shares of Brighthouse Financial during the third quarter worth $796,000. New York State Teachers Retirement System grew its stake in shares of Brighthouse Financial by 8.1% during the fourth quarter. New York State Teachers Retirement System now owns 119,004 shares of the company’s stock worth $6,164,000 after purchasing an additional 8,931 shares during the period. Veriti Management LLC acquired a new position in Brighthouse Financial in the fourth quarter valued at about $215,000. Finally, Robeco Institutional Asset Management B.V. grew its stake in Brighthouse Financial by 37.2% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 376,660 shares of the company’s stock valued at $19,511,000 after acquiring an additional 102,160 shares during the period. 80.65% of the stock is owned by hedge funds and other institutional investors.

Brighthouse Financial Company Profile (Get Rating)

Brighthouse Financial, Inc provides annuity and life insurance products in the United States. It operates through three segments: Annuities, Life, and Run-off. The Annuities segment 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.

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Analyst Recommendations for Brighthouse Financial (NASDAQ:BHF)

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