Brighthouse Financial (BHF) PT Lowered to $55.00 at Morgan Stanley

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Brighthouse Financial (NASDAQ:BHF) had its price objective reduced by Morgan Stanley from $58.00 to $55.00 in a research report report published on Tuesday. They currently have an equal weight rating on the stock.

A number of other brokerages also recently issued reports on BHF. ValuEngine downgraded shares of Brighthouse Financial from a hold rating to a sell rating in a research report on Friday, August 3rd. Bank of America reissued a neutral rating and set a $47.00 price objective on shares of Brighthouse Financial in a research report on Wednesday, October 3rd. BidaskClub raised shares of Brighthouse Financial from a sell rating to a hold rating in a research report on Saturday, October 6th. Wells Fargo & Co set a $50.00 price objective on shares of Brighthouse Financial and gave the company a hold rating in a research report on Monday, November 5th. Finally, Credit Suisse Group raised shares of Brighthouse Financial from an underperform rating to a neutral rating and set a $35.00 price objective for the company in a research report on Wednesday, August 15th. They noted that the move was a valuation call. Three equities research 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. The stock currently has a consensus rating of Hold and a consensus price target of $56.07.

NASDAQ:BHF traded down $1.80 during trading hours on Tuesday, reaching $41.57. The company had a trading volume of 1,084,246 shares, compared to its average volume of 1,791,316. The company has a current ratio of 0.46, a quick ratio of 0.46 and a debt-to-equity ratio of 0.31. Brighthouse Financial has a 52 week low of $37.68 and a 52 week high of $67.55. The company has a market cap 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.

Brighthouse Financial (NASDAQ:BHF) last posted its earnings results on Monday, November 5th. The company reported $2.23 EPS for the quarter, topping analysts’ consensus estimates of $2.19 by $0.04. Brighthouse Financial had a net margin of 1.33% and a return on equity of 5.49%. The business had revenue of $1.42 billion during the quarter, compared to the consensus estimate of $2.05 billion. During the same quarter in the previous year, the firm posted $3.31 EPS. Research analysts forecast that Brighthouse Financial will post 8.17 earnings per share for the current year.

Several hedge funds have recently modified their holdings of BHF. Jane Street Group LLC bought a new position in Brighthouse Financial in the 1st quarter worth $301,000. LPL Financial LLC bought a new position in Brighthouse Financial in the 1st quarter worth $420,000. Millennium Management LLC bought a new position in Brighthouse Financial in the 1st quarter worth $1,798,000. Principal Financial Group Inc. bought a new position in Brighthouse Financial in the 1st quarter worth $6,897,000. Finally, Allianz Asset Management GmbH bought a new position in Brighthouse Financial in the 1st quarter worth $847,000. 87.32% of the stock is owned by hedge funds and other institutional investors.

Brighthouse Financial Company Profile

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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