Brighthouse Financial (NASDAQ:BHF) Stock Price Expected to Rise, Wells Fargo & Company Analyst Says

Brighthouse Financial (NASDAQ:BHF) had its price target raised by investment analysts at Wells Fargo & Company from $52.00 to $53.00 in a note issued to investors on Wednesday,Benzinga reports. The firm currently has an “equal weight” rating on the stock. Wells Fargo & Company‘s price objective indicates a potential upside of 9.71% from the company’s current price.

A number of other analysts also recently commented on BHF. Morgan Stanley boosted their target price on Brighthouse Financial from $42.00 to $46.00 and gave the stock an “underweight” rating in a research report on Tuesday. JPMorgan Chase & Co. boosted their target price on Brighthouse Financial from $56.00 to $63.00 and gave the stock an “underweight” rating in a research report on Tuesday, July 8th. Barclays decreased their target price on Brighthouse Financial from $70.00 to $65.00 and set an “overweight” rating on the stock in a research report on Friday, August 8th. Wall Street Zen downgraded Brighthouse Financial from a “buy” rating to a “hold” rating in a research report on Saturday, June 21st. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Brighthouse Financial in a research report on Saturday, September 27th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, six have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, Brighthouse Financial presently has an average rating of “Hold” and an average target price of $59.30.

Brighthouse Financial Stock Down 0.7%

BHF opened at $48.31 on Wednesday. The business’s fifty day moving average is $48.37 and its two-hundred day moving average is $52.58. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.93 and a current ratio of 0.93. The company has a market cap of $2.76 billion, a price-to-earnings ratio of 5.23 and a beta of 0.86. Brighthouse Financial has a one year low of $42.07 and a one year high of $64.12.

Brighthouse Financial (NASDAQ:BHF) last posted its earnings results on Thursday, August 7th. The company reported $3.43 EPS for the quarter, missing analysts’ consensus estimates of $4.70 by ($1.27). The firm had revenue of $2.15 billion for the quarter, compared to analysts’ expectations of $2.21 billion. Brighthouse Financial had a return on equity of 21.06% and a net margin of 10.24%.The firm’s revenue for the quarter was down 2.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $5.57 earnings per share. Analysts anticipate that Brighthouse Financial will post 20.32 EPS for the current fiscal year.

Hedge Funds Weigh In On Brighthouse Financial

A number of institutional investors have recently made changes to their positions in the stock. Voya Investment Management LLC raised its holdings in shares of Brighthouse Financial by 77.7% in the third quarter. Voya Investment Management LLC now owns 11,346 shares of the company’s stock worth $602,000 after acquiring an additional 4,961 shares during the last quarter. Oak Thistle LLC acquired a new position in Brighthouse Financial in the third quarter valued at $2,312,000. Corient Private Wealth LLC increased its stake in Brighthouse Financial by 134.8% in the second quarter. Corient Private Wealth LLC now owns 47,392 shares of the company’s stock valued at $2,548,000 after purchasing an additional 27,206 shares during the last quarter. Osaic Holdings Inc. increased its stake in Brighthouse Financial by 558.8% in the second quarter. Osaic Holdings Inc. now owns 9,309 shares of the company’s stock valued at $501,000 after purchasing an additional 7,896 shares during the last quarter. Finally, Squarepoint Ops LLC acquired a new position in Brighthouse Financial in the second quarter valued at $969,000. 81.24% of the stock is owned by institutional investors and hedge funds.

About Brighthouse Financial

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 consists of 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.