Brighthouse Financial, Inc. (NASDAQ:BHF) Given Consensus Rating of “Hold” by Brokerages

Shares of Brighthouse Financial, Inc. (NASDAQ:BHFGet Rating) have been given a consensus rating of “Hold” by the ten ratings firms that are presently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, seven have given a hold recommendation and one has given a buy recommendation to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $58.20.

A number of brokerages have recently commented on BHF. Wolfe Research began coverage on Brighthouse Financial in a report on Friday, January 21st. They set an “outperform” rating and a $79.00 price target on the stock. Piper Sandler lowered their price target on Brighthouse Financial from $65.00 to $55.00 and set a “neutral” rating on the stock in a report on Wednesday, April 6th. The Goldman Sachs Group raised their price target on Brighthouse Financial from $55.00 to $63.00 and gave the company a “neutral” rating in a report on Tuesday, April 5th. Barclays lowered their price target on Brighthouse Financial from $61.00 to $55.00 and set an “equal weight” rating on the stock in a report on Tuesday, April 12th. Finally, Jefferies Financial Group began coverage on Brighthouse Financial in a report on Tuesday, January 25th. They set a “hold” rating and a $52.00 price target on the stock.

Large investors have recently added to or reduced their stakes in the stock. Allworth Financial LP grew its holdings in Brighthouse Financial by 451.5% during the first quarter. Allworth Financial LP now owns 535 shares of the company’s stock worth $28,000 after acquiring an additional 438 shares during the period. Fifth Third Bancorp boosted its position in shares of Brighthouse Financial by 30.5% in the 4th quarter. Fifth Third Bancorp now owns 783 shares of the company’s stock valued at $41,000 after purchasing an additional 183 shares during the period. C M Bidwell & Associates Ltd. acquired a new position in shares of Brighthouse Financial in the 4th quarter valued at $45,000. Counterpoint Mutual Funds LLC acquired a new position in shares of Brighthouse Financial in the 1st quarter valued at $88,000. Finally, Quent Capital LLC acquired a new position in shares of Brighthouse Financial in the 4th quarter valued at $101,000. 80.65% of the stock is currently owned by hedge funds and other institutional investors.

BHF stock opened at $51.54 on Thursday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.53 and a current ratio of 0.53. The stock has a market capitalization of $3.95 billion, a price-to-earnings ratio of -25.77 and a beta of 1.47. Brighthouse Financial has a 1 year low of $40.03 and a 1 year high of $62.33. The stock’s fifty day moving average is $51.34 and its two-hundred day moving average is $52.56.

Brighthouse Financial (NASDAQ:BHFGet Rating) last posted its earnings results on Thursday, February 10th. The company reported $5.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.46 by $1.72. The company had revenue of $2.32 billion for the quarter, compared to analysts’ expectations of $2.20 billion. Brighthouse Financial had a positive return on equity of 11.70% and a negative net margin of 1.51%. During the same period last year, the business posted $3.03 earnings per share. As a group, analysts predict that Brighthouse Financial will post 14.15 EPS for the current fiscal year.

About Brighthouse Financial (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.

Further Reading

Analyst Recommendations for Brighthouse Financial (NASDAQ:BHF)

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