Brighthouse Financial (BHF) PT Lowered to $45.00

Brighthouse Financial (NASDAQ:BHF) had its price objective lowered by Bank of America from $47.00 to $45.00 in a research note released on Tuesday. The brokerage currently has a neutral rating on the stock.

A number of other brokerages also recently issued reports on BHF. BidaskClub upgraded Brighthouse Financial from a strong sell rating to a sell rating in a research note on Friday, September 21st. ValuEngine downgraded Brighthouse Financial from a hold rating to a sell rating in a research note on Friday, August 3rd. Barclays downgraded Brighthouse Financial from an overweight rating to an underweight rating and set a $60.00 price objective for the company. in a research note on Friday, August 10th. Wells Fargo & Co set a $50.00 price objective on Brighthouse Financial and gave the company a hold rating in a research note on Monday, November 5th. Finally, Morgan Stanley reduced their price objective on 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 investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and two have given a buy rating to the company’s stock. Brighthouse Financial currently has a consensus rating of Hold and an average target price of $56.07.

NASDAQ:BHF traded down $1.80 during trading on Tuesday, reaching $41.57. The company’s stock had a trading volume of 1,084,246 shares, compared to its average volume of 1,791,316. The company has a market capitalization of $5.12 billion, a PE ratio of 6.93, a price-to-earnings-growth ratio of 0.55 and a beta of 1.56. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.46 and a quick ratio of 0.46. Brighthouse Financial has a 12 month low of $37.68 and a 12 month high of $67.55.

Brighthouse Financial (NASDAQ:BHF) last announced its quarterly earnings data on Monday, November 5th. The company reported $2.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.19 by $0.04. The firm had revenue of $1.42 billion during the quarter, compared to the consensus estimate of $2.05 billion. Brighthouse Financial had a return on equity of 5.49% and a net margin of 1.33%. During the same quarter in the prior year, the company earned $3.31 EPS. Sell-side analysts anticipate that Brighthouse Financial will post 8.17 earnings per share for the current year.

Hedge funds have recently bought and sold shares of the company. First Hawaiian Bank bought a new position in Brighthouse Financial in the 3rd quarter worth about $142,000. AGF Investments America Inc. bought a new position in Brighthouse Financial in the 3rd quarter worth about $164,000. Daiwa Securities Group Inc. bought a new position in Brighthouse Financial in the 3rd quarter worth about $164,000. Hexavest Inc. bought a new position in Brighthouse Financial in the 2nd quarter worth about $158,000. Finally, Whittier Trust Co. bought a new position in Brighthouse Financial in the 3rd quarter worth about $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.

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Analyst Recommendations for Brighthouse Financial (NASDAQ:BHF)

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