Brighthouse Financial (NASDAQ:BHF)‘s stock had its “hold” rating restated by stock analysts at Keefe, Bruyette & Woods in a note issued to investors on Friday. They presently have a $63.00 price objective on the stock. Keefe, Bruyette & Woods’ price target indicates a potential upside of 13.84% from the company’s previous close.
A number of other equities analysts have also recently issued reports on the stock. JPMorgan Chase & Co. cut shares of Brighthouse Financial from a “neutral” rating to an “underweight” rating and set a $61.00 price objective on the stock. in a research report on Tuesday, January 2nd. Wells Fargo & Co set a $64.00 price objective on shares of Brighthouse Financial and gave the company a “hold” rating in a research report on Monday, February 12th. Zacks Investment Research upgraded shares of Brighthouse Financial from a “sell” rating to a “hold” rating and set a $68.00 price objective on the stock in a research report on Thursday, January 4th. BidaskClub upgraded shares of Brighthouse Financial from a “sell” rating to a “hold” rating in a research report on Friday, January 12th. Finally, Deutsche Bank initiated coverage on shares of Brighthouse Financial in a research report on Tuesday, January 2nd. They issued a “buy” rating and a $70.00 price objective on the stock. Three research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and three have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $66.40.
Brighthouse Financial (BHF) opened at $55.34 on Friday. Brighthouse Financial has a 52-week low of $52.75 and a 52-week high of $75.00. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.47 and a current ratio of 0.47.
Brighthouse Financial (NASDAQ:BHF) last released its quarterly earnings data on Monday, February 12th. The company reported $0.37 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.10 by ($1.73). The business had revenue of $1.88 billion for the quarter, compared to analysts’ expectations of $2.01 billion. The business’s revenue was up 240.0% on a year-over-year basis. research analysts forecast that Brighthouse Financial will post 9.58 EPS for the current year.
A hedge fund recently bought a new stake in Brighthouse Financial stock. Elkfork Partners LLC purchased a new stake in shares of Brighthouse Financial Inc (NASDAQ:BHF) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 5,296 shares of the company’s stock, valued at approximately $310,000. Hedge funds and other institutional investors own 80.12% of the company’s stock.
About Brighthouse Financial
Brighthouse Financial, Inc is a provider of life insurance and annuity products in the United States. The Company offers a range of products and services, which include variable, fixed, index-linked and income annuities, as well as variable, universal, term and whole life products. These products and services are marketed through various third party retail distribution channels in the United States.
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